@moffanny wrote:
Is there any financial penalty for amending when you end up paying more taxes? Do I need to send a check along with the tax declaration?
Yes there is. Tax due was on July 15. After that the IRS charges interest on tax due ending when they receive your payment sent with the amended return or electronically paid on their website. The IRS will send a separate bill for the interest after they process the amended return that can take 16 weeks to process.
The sooner you amend and pay, the sooner the interest stops.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
