The IRS Audit Blog

Posts Tagged ‘1040x’

Question: Amended Tax Form 1040X?

Ok; I’ve filed my taxes and did the eFile thing.
Now the IRS has a delay on my refund and I know why.
One company I worked for last year sent me 2 seperate
W2s. I didn’t include one for about 7K because I didn’t
get the W2 til last Friday and wasnt expecting it. The W2s
were from a HR Outsourcing Payroll company and I
worked for the consulting company for 4 months consequtively.

Question is (are)
1) Why would the same company send 2 different W2s? (not at the same time, 2 weeks apart from the first one)

2) Is there a website that allows me to do the 1040X (Amended Return) electronically (Completetax.com doesnt)
Or do I need to contact the IRS Directly?

Answer: Boston is right, the delay is NOT for the extra W2 because the IRS does not have that info yet.

The SAME exact thing happened to my husband….2 different W2′s from the same company because he changed job sites although with the same company and came AFTER we had efiled our taxes! One year we also received 2 different W2′s from the same company and one came about a month after the other one and after we had already filed our taxes! it was because they had changed their corporate headquarters and for some reason divided the W2 up….very strange but somehow we ended up with 2 different W2′s. So I do know how you feel!

Here is a link to the amended return: http://www.irs.gov/pub/irs-pdf/f1040x.pdf

You do have to print it out and mail the forms in…they cannot be efiled. But, you have until April to do so without extra penalities and fines. The IRS takes several months to cross reference W2′s and other tax documents before they send you an error notice for not reporting income. So there must be a processing delay due to some other error that was on your return….it usually clears up pretty quick though so you can check your status and get an update if you are getting a refund on the Where’s My Refund page…the IRS updates it on Wednesdays.

Bad News: No E-File and Long Delays For Homebuyer Tax Credit

NEW YORK (CNNMoney.com) — Good news homebuyers: You can file for your $8,000 first-time buyer tax credit again. Bad news: You still can’t e-file your taxes if you want the cash. And there are long delays.

How to Amend Your Tax Return

Question: How should I return my tax refund?

I filed my taxes early this year and I just received my tax refund today. Unfortunately, it turns out I have to amend my tax return. After filling out the amended return (form 1040x) it looks like I only get a $40 refund instead of the $460 I received today. Should I just file the amended return and wait for the IRS to ask for its overpaid refund (~12 weeks), or might I get in trouble for waiting so long? If so, what actions should I take?

Answer: Just enclose a check for $420 with the amended return.

Be sure to send the amended return via Certified Mail, Return Receipt Requested so that you have proof of mailing and proof of receipt by the IRS.

Homebuyer tax credit of $8,000 is being delayed for months

Did you purchase a home after Nov. 6? Don’t expect your $8,000 homebuyer tax credit any time soon.