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6 Replies
rjs
Level 15
Level 15

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For the federal tax there will be penalties and interest for late payment. Pay what the form 1040-X shows that you owe (if you didn't already include payment with the 1040-X). The IRS will send you a bill for the penalties and interest. You didn't say what state it is, but I assume that any state will also charge penalties and interest.


I hope that you mailed the state amended return separately from the federal Form 1040-X. The federal and state amended returns go to different addresses.


It normally takes the IRS up to 16 weeks to process an amended return. However, the IRS is currently not processing mailed tax returns because of the Covid-19 pandemic. When they start to process them again they will have reduced staff and a big backlog, so it will be a long time before your amended return is processed.


If the penalties and interest are very small, they might not bother to bill you.

 

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Once you file a 1040-X you have one year to pay up whatever is due, with no interest or penalty.

 

I can't comment on the period used by your State.

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I saw it but I didn't make a citation.

Maybe I misread it, I don't think so.

If I see it again, i'll let you know.

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