After I filed my taxes, Merrill Lynch released a late set of new Div and Int forms which changed my return amount. My initial filing was accepted by Federal and had a significant refund (several $k), but that refund is now too much by $1k (even with this $1k amendment owed, I still have a good refund due).
I started an amended return via TurboTax, and the amended return says I owe $1k (this is correct). It has been 12 calendar days since I filed my initial return, and I have not yet received the refund for the initial return. The IRS "where is my refund" shows that it was accepted but is still processing.
My fear is that if I file this amended return, the IRS will think I just owe $1k and ignore the refund I am still due. Should I wait to file my amendment until I get the initial refund? Is the Government withholding my initial refund because it is aware of the additional Div / Int forms?
I appreciate anyone's thoughts on this. Thank you.
