To whom this may concern,
In my original 2020 federal tax return I entered that I didn't receive the second stimulus check of $600. I entered $0 in the worksheet and was told, via the desktop software, that I was eligible for a $600 credit. Last week, I received a letter from the IRS stating that my 2020 return contained an error relating to the Recovery Rebate Credit and that I now owe the $600, plus interest for 2020. After spending a horrendous amount of time on hold with the IRS, I was told by the agent that I need to file a 1040X and update line 15.
Essentially the check was lost in the mail, thus I never received it and couldn't cash it. Logging into the irs.gov website and viewing the information found on the Tax Records tab under "Economic Impact Payment Information" also reflects that I never received the $600 stimulus. However, since the check was issued, the IRS deemed that I should not be receiving the credit and thus amended my return and sent me a bill. The IRS agent recommended I pay the bill in the meantime to avoid accruing additional interest, which I've done, and send in an amended return.
I don't really know what to change on 1040X since all values will be identical to the original return. What would be the best way to resolve this issue?
Thanks,
Mark
