1040x and taxes due

Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills
Post Reply
sparky123
Posts: 16
Joined: Mon Nov 20, 2017 9:14 am

1040x and taxes due

Post by sparky123 » Tue Jun 12, 2018 10:20 am

I got my federal taxes done at a local tax place, they were filed electronically in early April, and I owed $275. I discovered a mistake a couple of days later, went back to the preparer, he filled out a 1040x, so I owed only $200 then. I mailed the 1040x along with my check for $200 just before the deadline. The IRS just sent me a letter saying I underpaid by $75 so pay up plus a dollar fine. Should I pay up and wait for them to figure out the mistake and then send me the $75 back?

RudyS
Posts: 1293
Joined: Tue Oct 27, 2015 10:11 am

Re: 1040x and taxes due

Post by RudyS » Tue Jun 12, 2018 4:24 pm

I would reply to the letter explaining what happened. The letter should have information on how to reply and to where.

sparky123
Posts: 16
Joined: Mon Nov 20, 2017 9:14 am

Re: 1040x and taxes due

Post by sparky123 » Wed Jun 13, 2018 10:17 am

I called and got lost in the automated phone system yesterday. I triad again today and got through. They gave me a 60 day extension. The 1040x should be completed by then. Thanks for the reply, RudyS.

47Percent
Posts: 336
Joined: Tue Oct 29, 2013 9:59 pm

Re: 1040x and taxes due

Post by 47Percent » Wed Jun 13, 2018 10:32 am

You can track the status of your amended return from the link below..

https://sa.www4.irs.gov/wmar/start.do

Post Reply