Made a numeric typo on a flied return. IRS caught it and I received a bill. I paid the bill in-full. Would like to file an amended returno documenting the correction and additional payment. I know where to put the corrected typo, but where to put the additional payment & penalties + interests?
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If the IRS corrected your return, do not amend your return. Just keep the letter from the IRS with your original return.
@CatinaT1 Thanks. Your respons would certainly address my record keeping needs. But wouldn't this approach prevent future use of TT not getting correct TT25 data?
Always preserve in a safe place the taxfile you first SUBMITTED.
To bring your taxfile uptodate, enter the correction edit/update that results in the correct tax as adjusted by IRS.
Penalties and interest are to be ignored.
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Unfortunately, TurboTax does not make that easy.
In most cases, this is not a needed step for filing next time.
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