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DawnC
Expert Alumni

Filing 8962 after 1040 and other forms have been filed

No, it is not late.  You filed 04/12, so three days early.   And you generally have three years to file an amendment, so you are early with the 1040-X.   And correct on the interest for the additional amount due on 1040-X.  

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Filing 8962 after 1040 and other forms have been filed

Thanks!!

DawnC
Expert Alumni

Filing 8962 after 1040 and other forms have been filed

You are welcome, and thanks for participating in our Ask the Experts event today!  

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Filing 8962 after 1040 and other forms have been filed

If you go to IRS Direct Pay and select Balance Due - "HealthCare (Form 1040)" the IRS should not be confused.

 

@freddytax 

Filing 8962 after 1040 and other forms have been filed

If you just submitted 1040-X,

select Amended Return - "1040X"

 

@freddytax 

Filing 8962 after 1040 and other forms have been filed

When you e-FILe 1040-X, TurboTax submits the entire return mainly because it is not smart enough to know what is new or changed.

When you paper file 1040-X, attach only new or changed pages.

@freddytax 

Filing 8962 after 1040 and other forms have been filed

Thanks, FanFare, I thought about doing the paper but took the lazy man's way out and e-filed.  Hopefully the IRS doesn't hold it against me!

Filing 8962 after 1040 and other forms have been filed

Thank you, FanFare!

Filing 8962 after 1040 and other forms have been filed

And I'd like to think that since I e-filed the 1040X it's in the IRS computer system and that is better than filing snail mail where someone needs to pick up that envelop, open it, type the info into the system adding my 8962 to the return.  That sounds like it would take forever whereas the 1040X being filed electronically should be processed much quicker.  Now that could be pure fantasy. 🙂

Filing 8962 after 1040 and other forms have been filed

This is a good point.  Anyone that thinks that the IRS doesn't jump on a 1040X is wrong.  I didn't include form 8962 and two months later - after I filed a 1040X - here comes a letter with the balance due.  With interest.  Do NOT wait for them to send you a letter saying you forgot 8962.  For the IRS the clock starts ticking the minute they figure out you owe them money.

Filing 8962 after 1040 and other forms have been filed

@freddytax   Here’s some info on the amounts.

 

The amended 1040X return is only for the difference you get back or owe.  I think the cover sheet shows what the original return WOULD have been if you did it right the first time.  Ignore the new 1040 that might print out.

 

Go by the actual 1040X.  Line 18 should be your original refund amount and line 22 should be your additional refund.  If you paid on your original return it will be on line 16.  If there is an amount owed with the amendment, it will be on line 20.

 

If you have a tax due, do not send the 1040V.  Just include a check with the 1040X.  Ignore the 1040V.  That is for the original return or what the original return would have been if it didn’t need correcting.  Don’t pay the amount on the 1040V.  Pay the amount on the actual 1040X line 20.

 

Or You can pay the IRS directly at

Https://www.irs.gov/payments

Filing 8962 after 1040 and other forms have been filed

After I sent in the amended 1040X the IRS sent a very polite notice that "we have updated your 1040 based on your request" i.e., here is a new amount that you owe.  So I paid that delta.

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