alabamagal
Junior Associate
Joined: Dec 23, 2010 11:30:29 GMT -5
Posts: 8,149
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Post by alabamagal on Feb 9, 2015 13:17:02 GMT -5
I worked with DD to complete her tax return and she e-filed last week. She had job income and student loan deductions and will be getting back $1200.
We'll this week we got in the mail another income statement for $1500. She had an internship 2 years ago and part of her compensation was a payment toward her student loans, which she filed for and received last year. W-2 was late and we had forgot about this. I think she will owe bac $300 of her return.
Should she just wait to get her refund and then file an amended return? As long as it is before April 15 she should be ok?
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andreawick
Established Member
Joined: Oct 3, 2012 9:28:04 GMT -5
Posts: 258
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Post by andreawick on Feb 9, 2015 15:55:54 GMT -5
wait to get the refund, then amend. if you amend before your original return gets processed, the IRS will get all confused.
the IRS is easily confused. |
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mwcpa
Senior Member
Joined: Jan 7, 2011 6:35:43 GMT -5
Posts: 2,425
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Post by mwcpa on Feb 9, 2015 22:15:31 GMT -5
not only is the IRS easily confused they are short staffed.... as noted, file the amended return after the IRS processes the refund claim.... in the past I have had client get a corrected 1099 or other data that they forgot after the original return was filed. as long as you file the amendment by 4-15 and remit any extra tax due, you should be okay.
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