thank you 😊i was so scared before finding your vid. i have dyslexia so have messed up taxes before but i wanted to get the amendment in so i wont get fees this time. i hate taxes
Don't call TRA or PRIORITY TAX relief - they're CROOKS - once they hv ur money - they dont gaf Abt u - UNLESS its to squeeze MORE $$ outta ya! You're better off dealing & negotiating with IRS URSELF!
Thanks so much for this video! Would you be able to guide me as to where I enter a 1099-G tax form information for UI benefits received please? Much appreciated.
What happened if you got married in 2022 and you filed your 2022 taxes and mistakenly put down single. But your spouse has an ongoing petition and does not have a social security number yet.
Well, in the 1040-X instruction it says " you can't change ....from MFJ to MFS after due date". My question is : can someone change from Single to MFS after due date? Suppose, I am US citizen and got married in November 2021 in a foreign country and my wife never came to the US and doesn't have a SSN. I filed tax return as single in 2021 because of lack of knowledge and difficulties for filing as MFS online /e-file which doesn't let to file as Married if spouse doesn’t have a SSN. I correctly paper filed MFS for 2022. So I need to correct / change the status from Single to MFS (everything else remains same) for 2021 only. Can I change status from Single to MFS for 2021 by using 1040-X now? Thanks!
I received a 1099MISC income on 3/20/24 three weeks after electronically filing my taxes. I owe $175 additional dollars. Where do you send the amended paper return and check to?
I got stuck on line 18. If the taxpayer owed the tax and made a payment based on the original return. Should a negative amount owed be entered on line 18?
Hey I made $30,000 from selling solar panels in 2021 and I didn't write anything off. I got a letter from the IRS a few months ago saying I owe $9,600 in back taxes. I came to a payment arrangement to pay that back by April 15, 2024. I called the IRS yesterday and they said I could file a 1040x. The only thing is in your video you say to put everything from "1040" onto column A but my employer does not want to mail me my 1099. Where on the IRS website can I access that ?
Should I include gain/loss from stocks in my gross income? Also if I had a deduction from an employer paid 401k should I had it to the standard deduction (box 2)?
but don't you also need to include the original tax return you want to amend with markings of all the fields that need to be corrected? also, don't you need to include all the documents that warrant this amendment? thanks
You are absolutely correct! On page two of the instructions for Form 1040-X it lists all of the documents you need to include when submitting your amended return
@@bspiderm I want to preface that I am not at all familiar with CA tax laws, that being said, I would assume you need to include your amended federal return as well
Thank you for the great tutorial. 2 questions: 1. The numbers on my form 1040-SR of 2021 are right but wrote a check for paying the tax with wrong amount, how to do the amendment? 2. Where to send the 1040-X form to?
Quick question. How do I correct 1040 for 2020? I erred in claiming the Recovery Rebate credit of $600.00. How do I correct on the 1040X? Please advise.
Hey thanks for the great tutorial. I have a question: In my case, income was not reported correctly however, all said subsequent calculations on the form were calculated correctly. IRS sent in their own adjustments sending a much higher refund and I did not cash said check. For line 18, should I put the adjusted amount (IRS) or the original amount I reported? Thanks for all the help
I would go with whatever the correct amount is. I've had the government send too high of a payment/refund in the past and they always make sure to get their money back over time
Thank you so much for this tutorial. Recently, I learned from the IRS publication 6209, that the W-2 form is class five. Classfive is a gift and not income according to this IRS publication. How do I place this in the admin meant 1099X form? Please help. God bless you. 2:16
What if, the IRS says I haven't filed my state taxes in 5 years, so I don't have anything to correct, just sending / filing since TurboTax never did it for me. Do I put the same numbers across all 3 columns?
Thanks for this video! If I followed your video and the IRS says "we could not match your Form 1040-X, line 1 because you did not include all supporting forms and schedules" what should I do next? For context I forgot to include all my 1099 freelance income on my 2021 return. Additionally I filed them on the wrong schedule following free tax software. I amended all of these error on a 1040-X, included my original 1099s & W2s, Schedule SE, Schedule C, Schedule 1, and original return as substantiation. Is there something I missed?
Talking waaaay too fast. I received a 1099-C form (cancellation of Debt after AARP filed electronically for me in 2023. They said it would not affect my income tax so they didn't bother correcting it cause it was too late since they already sent my income tax return in. I called the IRS today and a lady said to use the 1040X. I do not know how to fill it out. I would like to get this completed BEFORE the tax season starts for 2023 returns on January 29, 2024. Can someone help me? TY, Marc
I have question on the tax liability line 6 is this tax including child tax credit or excluding tax credit ? If it including do I need to mention anywhere else. Please help to get the answer
Hi, Thank you for your descriptive video. I have a few questions. If there is a nonrefundable education credit under Form 8863, on which line and column(s) should it be entered? And on which line and column(s) should credits for qualifying children and other dependents under schedule 8812 (Form 1040) be entered? Thanks.
Instead of married my husband filled single because i have no ssn or itin and it didnt let him go through with the process online, could we amend this online or would it have to be done in paper since it didnt let him complete the form before?
I forgot to add to our original taxes that we had a net gain of $319 in stocks. But, how would I figure out the tax liability for that low of an amount?
How do I file one with the information on a tax transcript? Our tax lady does not have a copy of the 1040 she filed and the tax transcript is so confusing.
so all i did wrong was chose the wrong option for claiming the child tax credit. I mistakenly chose "other dependents. Do i have to do the other categories if there are no other mistakes to fix? No extra W-2's just the child tax mistake.
So I sent in my tax return for last year but I forgot to do my deductibles so it came out as me owing. I sent in my amended tax return and I should not owe if it gets accepted and it says it is being processed online. My question is do I have to pay 💰 what I originally owed while I wait for the amended return to be processed? Or do I just wait.
Thank you for such a valueble information ! My accountant put the wrong number for startup cost amortization. He started counting from the wrong month. Can I amend the return myself by filling out 1040X and attach the correct amortization sheet ? and how do I submit the form ?, or do I have to do it through tax software like Turbotax ? or do I always have to go back to my accountant to amend ? *The return was for year 2019, which was done electronically.
So you could do it yourself or through your accountant. If you fill it out yourself, then you can mail it in to the location that corresponds with where you live (noted on the instructions). Your accountant should file it for you since they are the one that messed up. I’m not sure if TurboTax could do it since you didn’t originally file through them
I waited til the last day to file my taxes (my fault) I accidently made a small error and now my refund on my new amended tax form is $1 less than the amount from my original form does this mean when the IRS processes it I will owe them $1?
That's an excellent question and I unfortunately do not have the answer to it. I would hope that the IRS would would send you a refund check for $1 less. But if you've already received it form your original refund, then yes you will probably have to pay the IRS the $1 difference 😐
I just found out I earned some interest from the US Treasury, do I combine the interest income into "adjusted grossed income"? How do I know if I need to pay tax for the interest income? Thank you!
So I see several problems with my tax return like the ors crediting me 3500 instead of 3600 for care act credit and leaving off my child dependants ..also who should be on my statements as the deposit from IRS say? Please help me out
I accidentally marked that someone can claim me as a dependent. How do I amend that (no one can claim me as a dependent) using the 1040x form? I don’t need to change any values or anything so do I just enter the original values for both columns A and C?
Honestly I'm not sure about that one, for free advice that will be correct I'd give the IRS helpline a call. It'll take a while to get through, but they are remarkably helpful
I received two 1099Rs after I had already submitted and received back my tax return. How do I amend? Pretty sure I have to send some of it back to federal and state.
If you haven’t filed it, then you’ll just file a regular 1040 and enter the applicable tax year at the top. Just be aware of the fines/penalties you’ll be liable for when you file late
I owe to irs 30 dollars after I file amended tax return but they already withdraw from my bank account but it’s still showing I owe them 30 bucks in line. 20 in 1040x form is it due to some error or is it something to be concerned about since I already taken that amount from my bank account
Hi how are you doing ? I have a question I can’t find my 1040 form and I asked my tax preparer and he said he doesn’t have it , how can I fill 1040X without it I need help please.
In a situation like mine where I forgot to add a W2, is the information filled out in column B straight from the W2 that was forgotten ? Ive noticed there no cents being used. I don't want to put the wrong info...
I had the same issue, my university sent the 1098-T late. So, on Line 15 from 1040-X, you check mark 'other' then put 1098-T. Then add the amount on Column B and C. Hope that helps!
Hello! Thank you for the detail video! I have a question regarding the qualified business income deduction. I have a business loss so I would still add that in the business deduction section correct? It’s confusing with a negative number added…
Great video. I filed online through HRBlock...I could not see all forms until I paid and electronically filed. On the 2021 Recovery Rebate form I saw what looks like an error, because amount is 0 as opposed to $2,800 for filing jointly. This is on a 1040-SR.....any thoughts on this being a software error on HRBlocks end? If so, do I need to file a 1040-X ? If so, what line would the $2,800 go?? Thoughts.......??
If it's an error on H&R Blocks part, then you should be able to input the correct information with them and they should file an amended return on your behalf
Thank you for easy explanation. i have question regarding Amended Return Filing Status Row. it says you must check one. I am amending from MFS to MFJ, and H&R Block software is checking two boxes on form 1040X (MFS and MFJ box). is that right or I should just check one box MFJ
Hi! I really like your video. I hope you can help me with this: I'm submitting 1040x because I wrote my capital loss incorrectly for last year's return. it should be a loss of 13K instead of 4K. Do I have to fill out 6-23? 1-5: is it gonna be the same as my tax return in 2021? Thanks so much!
What if you have to file a 1040x to claim a first stimulus? Nothing really needs amended, I just am trying to get my brother his first check he didn't receive. Do I just explain that in the explanation box? Thank you for your time.
That’s a really good question and I think you’re right that you would explain what you’re trying to do in plain English. Unfortunately I’m not sure exactly how that would work
Let's say on last year's return that you put in estimated tax payments but you NEVER owned a business, sponsorship, or construction, meaning that it doesn't apply to you. How do you correct that on the amended tax return?
Paying estimated tax payments is something you can always do regardless of whether or not you own a business. If you overpaid taxes then you'll receive that amount back as a refund
Also what is the child tax credit for 2021 ...? As they just skipped that ....what is the first and second economic stimulus.paentni put 5600 I belive that is correct and should be 4800( xs4)....these are rhe simple questions i asked Jackson Hewitt he had a heart attack and his boss said he was acting crazy ...Jim calomhone at big lots location in j.c....is the manager i spoke to he saod it was wrong amd i had to copies of the same return but we only had what they have so wed go based on what they have ..this error was in my favor owed to me I thought it was auto corrected and recoved amd letter stating that from the IRS ..however i have an issue with thos office in j.c. it says 3500 x2 for teo of my.children listed but no actual child dependant Credit thank you for this
Hello, Sir/ I incorrectly put my son's SSN, and the IRS changed my status to single from head of household.I ended up paying the IRS money that I owed due to the change. Do I put the money on line 16? Your answer would be highly appreciated. Thank you.
Hi I'm a new subscriber and I have a question regarding a tax audit, my common law husband taxes had gotten autied for claiming H.O.H & h&r told us that he needed to file a amendment tax return by changing his filing status to married filing jointly and when I looked up the information it says he can't not legally claim me if we're not legally married please explain to me how I go about fixing this issue also he has been financially taken care of my children & myself since we bee n together for the past 7 years.
H&R Block did my amended tax return on 3/25, and I owe the the IRS some $. Can I pay the amount I owe the IRS without getting the confirmation they've received and adjusted it? If it takes 16 weeks, that will be well past April 18 due date. Please let me know. Thanks.
@@APennyPinchersGuide No. Do I need to wait for the confirmation email before I pay the IRS, or can I simply pay send the payment anytime before April 18th?
@@JP5466 you should be able to send the payment at anytime, to get a 100% correct answer I would call the IRS help line (you'll probably have a long wait) and one of their reps should give you the correct answer
Great content it answer many questions but I still have one I can’t find the answer, maybe I’m lucky here and someone could answer this; I’m amending 2020 changing only the filing status from HOH to MFJ everything is on the 1040X and also marked the correct filling status MFJ but once on 1040X form I see my AGI only, so my question is am I supposed put on line A my AGI and my husband together or if that something that he IRS will compute once I file if Im only changing filling status. I will appreciate any input or if not clear please lmk I need an answer so bad and the IRS keeps disconnecting my call.
Why does it take so long? I Sent my amended 2021 return feb 25 accepted same day. It’s been more than 3weeks should I give the irs a call to see what’s going on with my return?
I couldn’t answer the “why” other than to say that’s just how it is 😕 Right now the IRS is really backed up, since it’s been more than 21 days you can give them a call but I don’t know if it’ll speed anything up
No changes needed on first page . Need to change ONLY dependent and claim child tax credit. Do I need to change anything on first page if no change and will i get my child tax credit if i only fill out questions on page two?
Referencing page six of the 1040-X instructions, if you are only changing what you stated above, then you'll only need to complete lines 6-23 on the first page in addition to the changes in dependent status on page two of form 1040-X
me and my wife file taxes seperatly and the lady who do our taxes mess up this year by putting my son with me instead of her, so we send back difference and adjusted in april 13 2022 and still in process. how long it takes? Cant belive the tax lady mess up so bad🤦🏽♂️🤦🏽♂️ when we do it every year with her!!
