Amending taxes: before entering any changes to my tax return, I see "$311" on the monitor for "federal taxes due". Why would it show this value when I haven't entered any changes to the return yet?
On my original return that I mailed in I owed $40,000 and sent that check in already with the return.
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it is giving you credit for the 40,000 and showing you owe another $311
If that is the case, why wasn't the $311 added to the $40k I owed on the original return?
Shouldn't the starting point be reset to Zero when I am about to begin amending my taxes?
Make sure you use these guidelines when amending.
If you want to make changes or add a document to a tax return that has already been submitted, you should follow these guidelines.
Select your product below and follow the instructions.
The refund calculator has been revised and will not work correctly until you enter everything. For now, you can just ignore it. It is not working like it used to.
Are you saying that I should still enter in the amended information, even though the refund calculator is showing an incorrect amount at the start?
If I continue, wouldn't that mean that in addition to the amount I owe for the errors I made in the original return, it would add $311 incorrectly (and I would pay more than I really owe)?
No, definitely not. To create an accurate Form 1040X, you need to start from a point at which Column A matches your original return and Column B shows no changes.
We would like to look into what is happening with your tax return. Please send us a sanitized version of your tax return. Here's how to do that:
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