1/14/2024 0 Comments Turbotax 1040x delayed![]() PS - I kind of find your comment about 'panicking' inappropriate - that's a mischaracterization rather, it's called wanting to do the right thing, even if it means paying more tax. It may take the IRS more than the normal 21 days (for electronically filed returns) to issue refunds for some 2021 tax returns that require review, including but not limited to, ones that claim the Recovery Rebate Credit, the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC). In order to claim a tax refund, a tax amendment has to be filed within 3 years you. 24, so which is it, and if it's Feb 24, then why doesn't turbotax have the 1040x ready yet to file (for folks who owe a bit more money than what I accidentally put in my 1040). The IRS can take up to 16 weeks (or 4 months) to process amended returns. And IRS said the 2021 1040x is available, but turbotax says it won't be until Feb. Travel expert Anu Agarwal of Destination CheckOff says that summer 2023 is a great time to consider a new type of trip if youre trying to keep costs down: summer. I still don't fully understand your reply to be honest - the turbotax website says you CAN file the 1040x once IRS has accepted your 1040 if you owe money, which I do. The IRS will then issue your refund as a paper check. If the institution can get the funds, it will return the refund to the IRS. In the case that the IRS already sent the payment, you will need to contact the financial institution. Anyway, I didn't file my NY State return luckily, because turbotax didn't have all the NY forms yet - so another question I have is whether after I finally can do the 1040x and pay the extra money, will the correct figures automatically provide me with the correct information for my NY return? That is, will turbotax enter the new total income (and a couple of missing charitable deductions) based on the 1040x. Call the IRS toll-free at (800) 829-1040, any weekday between 7 a.m. Two undershot and one overshot, but I owe around 100-200 dollars more than I had entered. 1040X not processed Issue: When will 1040X be processed Response: As a result of the backlog in the number of amended returns in inventory created by Coronavirus closures, the processing time has been extended to 20 weeks. You will need this information to use the first two refund status tools below. ![]() And I also accidentally entered interest I had made on a bank account in 2020. Follow these steps for tracking your 2021 federal income tax refund: Gather the following information and have it handy: Social security number (SSN) or Individual Taxpayer Identification Number (ITIN) Your filing status. Actually, I owe money, and put in the wrong total interest I earned last year. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |