Amended 1040X

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NavyIC3
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Amended 1040X

Post by NavyIC3 » Mon Jul 15, 2019 6:43 am

Had to amend my 2018 federal return because of a corrected 1099B giving me a foreign tax credit. IRS received original 1040X on March 14 but requested addition info. I sent in a copy of the corrected 1099B on May 21. Still have not heard from IRS or see an update on "Where's My Amended Return" website. It's been almost seven weeks, I called them and didn't get any info on the return. Anyone have experience with a 1040X? How long did it take to get a result? Is this a normal amount of time to be processed?

jebmke
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Re: Amended 1040X

Post by jebmke » Mon Jul 15, 2019 7:11 am

12-16 weeks would not be uncommon with paper returns. I didn't resolve my 2009 return until mid-2012 but it got delayed because they lost my entire file and had to start over.

Any time you get in a cycle where a person is involved, each cycle can take a couple of months.
When you discover that you are riding a dead horse, the best strategy is to dismount.

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NavyIC3
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Re: Amended 1040X

Post by NavyIC3 » Mon Jul 15, 2019 5:36 pm

That's a long time.

jebmke
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Re: Amended 1040X

Post by jebmke » Mon Jul 15, 2019 5:42 pm

Once a return needs human handling it takes a long time. They don't have many people left at the IRS.
When you discover that you are riding a dead horse, the best strategy is to dismount.

michaeljc70
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Re: Amended 1040X

Post by michaeljc70 » Tue Jul 16, 2019 8:13 am

I made a very small correction in March and just got the letter confirming it yesterday.

jebmke
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Re: Amended 1040X

Post by jebmke » Tue Jul 16, 2019 8:33 am

michaeljc70 wrote:
Tue Jul 16, 2019 8:13 am
I made a very small correction in March and just got the letter confirming it yesterday.
That sounds about right - about 15-16 weeks?
When you discover that you are riding a dead horse, the best strategy is to dismount.

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dodecahedron
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Re: Amended 1040X

Post by dodecahedron » Tue Jul 16, 2019 9:07 am

jebmke wrote:
Mon Jul 15, 2019 5:42 pm
Once a return needs human handling it takes a long time. They don't have many people left at the IRS.
This is definitely true. In addition, the backlog got worse due to last winter´ś federal shutdown, which furloughed many IRS employees.

On the bright side, the IRS pays interest on delayed refunds at surprisingly high rates. (In 2019, interest was accruing at annual rate of 6% prior to July 1 and is now running at 5%.)

If the refund delay is causing a taxpayer serious hardship (e.g., at risk of foreclosure, eviction, unable to pay for needed meds, at risk for business closure, etc.), there are procedures to get it expedited. Otherwise, the delay you are experiencing is quite normal and there is little you can do at this point but relax and let the interest accrue. Where else can you get that kind of interest on a US Treasury obligation?

michaeljc70
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Re: Amended 1040X

Post by michaeljc70 » Tue Jul 16, 2019 9:11 am

jebmke wrote:
Tue Jul 16, 2019 8:33 am
michaeljc70 wrote:
Tue Jul 16, 2019 8:13 am
I made a very small correction in March and just got the letter confirming it yesterday.
That sounds about right - about 15-16 weeks?
Yes, around 15 weeks. I had actually forgotten about the amended return and when I saw something from the IRS in my Informed Delivery email I had a sinking feeling in my stomach that it was another one of those letters (where you owe more money or more of an explanation).

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