Amend questions

[ksansevero88]

I already efiled my taxes at the end of January. At that time I put in the information for one job I had. I suddenly received two additional W2s after filing. I completely forgot I worked at them in this year. 

My taxes have been accepted but not approved. I do have the child tax credit so I know that takes longer. 

My questions are-

Will I get the return I already filed ?

Can I then amend my return and add in the other W2s I received?

I will be receiving more money I already know but..

Will I get penalized?

It's this a difficult process? 

Can I use TurboTax to do this online? 

Do I have to have a CPA do this for me? 

I imagine the second return will take much longer...

When can I amend update my taxes? 

Do I have to notify anyone I messed up? 

And again will I receive the state and federal return I already processed? 

Thank you so much

[JohnB5677]

To answer your questions

Will I get the return I already filed ?

• It depends, you may get a refund.  In this case you will file an amended tax return.
• The IRS may catch the error.  In this case you would respond to the letter and re-file the original tax return.

Can I then amend my return and add in the other W2s I received?

• Yes, but under the conditions stated above.

I will be receiving more money I already know but..

Will I get penalized?

• If you get money back on the revised return there won't be a penalty.
• If you owe money after revising the return there could be a penalty and interest.

It's this a difficult process? 

• TurboTax makes it as easy as possible.
• I will provide a link below to step you through the Amend process.
• Contact us again with any questions.

Can I use TurboTax to do this online? 

• Yes, you can do a current year amendment Online.

Do I have to have a CPA do this for me? 

• No, as I said.  We make it as easy as possible.

I imagine the second return will take much longer...

• No! All of your previous information will be there. All you'll have to do is include the additional W-2's.

When can I amend update my taxes? 

• You can start as soon as you get your refund, or get a notice from the IRS.

Do I have to notify anyone I messed up? 

• No, it will be our secret.

And again will I receive the state and federal return I already processed? 

• The state generally waits for the Federal to be completed
• You will get some kind of notification.  Either a notice, or a refund.
• When you amend the Federal return, you should also correct the State.
• You can do both in the same software.

How do I amend my federal tax return for a prior year?

How to File an Amended Tax Return with the IRS