Hi. I’m hoping you folks can help me with this…
I filed electronically with TTax and it was accepted by the IRS for EFT -- tax payment due on April 15th.
Yesterday I got an amended 1099-DIV from my broker. It was a simple update to the 1099-DIV form, box 5: "Section 199A dividends create a taxpayer-favorable federal income tax deduction. They are reported in Box 5 of Form 1099-DIV and should be reported on a taxpayer's federal income tax return."
When I started the amended return TTax reset my taxes owed field to zero. When I entered the new 199A amount TTax showed a refund due. This refund on the amended return was much smaller than the original taxes owed amount scheduled for EFT.
After electronically filing the amended return, on the Print and Save Your Tax Return screen, TTax said “Print and Mail These Forms to the Government. Even though you e-filed, don't skip this paperwork. These forms are required by the government to complete your return." so I clicked on "Print Forms".
The only thing that printed was a page of IRS addresses to send payments to, followed by a payment voucher with a new "Taxes Owed" number that was pretty close to the amount owed on the original filing -- the difference being approximately equal to the original amount owed less the refund from the amended return.
I don’t get it. Are they going to cancel the direct withdrawal EFT scheduled for the 15th, meaning that I should now send them a check for this new amount? Or do I just send the voucher in without a check? Or do I print a new complete copy of my amended return and mail it? If so, same question about payment? Or will they simply change the amount they pull on the 15th to this new net amount?
This is confusing to me and I hope someone can help clarify it.
Thanks in advance…
