Can I withdraw after filing?

user111490215 — Wed, 10 Mar 2021 04:45:15 GMT

Re: Can I withdraw after filing?

xmasbaby0 — Wed, 10 Mar 2021 13:41:54 GMT

Did you click that big orange button that said “Transmit my return now?” If you did that, you cannot do anything to fix it yet. The IRS began to accept/reject 2020 returns on Friday, February 12, 2021. You have to wait for the email that tells you if your return was accepted or rejected. If you do not see an email, check your spam folder.

You cannot change or add anything on the return that you just e-filed, nor can you stop it. It is too late, just like when you put an envelope in a US mailbox on the corner.

If you left out a W-2, a 1099G, or a dependent, or a 1099 etc…DO NOT change your return while it is “pending.” The changes will go nowhere.

Now you have to wait until the IRS either rejects or accepts your return. If your return is rejected, you will be able to go into your account and make the necessary changes to your tax return and re-submit your return.

If the IRS accepts your return, however, then you have to wait longer until it has been fully processed and you have received your refund. THEN you can prepare an amended tax return and e-file or mail it in. You have to be able to work from that return exactly the way it was when it was e-filed originally. You will need to use a form called a 1040X.

Meanwhile, DO NOT go in and start changing anything on your return in the system, or you will make a mess for yourself. Sit tight and wait until you see what the IRS does with the return you just e-filed

Re: Can I withdraw after filing?

SweetieJean — Wed, 10 Mar 2021 16:52:39 GMT

By "withdraw," do you mean take money out? No money goes on your card or into your bank account until the IRS actually issues your refund. Their goal for that is 21 days, but it is taking longer this year.

Or did you get a TT refund advance?

topic Can I withdraw after filing? in Retirement tax questions

Can I withdraw after filing?

Re: Can I withdraw after filing?

Re: Can I withdraw after filing?