Amend taxes for $60??

[paysensmom]

I forgot to add something on our taxes. I figured this information in and we would get an extra $60 back. Should I wait until we get the money or send amendment now?

 

[swilshire]

I would definitely do it and no reason to wait. I filed an amendment last year because I thought something was taxable and then realized that it wasn't. It only gained me $52, but every little bit helps and it was MY money.

Sheila

 

[Green Tea]

I seem to remember I had to wait until the taxes were processed before I could send in the 1040X form.

 

[Cheshire Figment]

I would always suggest to clients that they wait until they are sure their original return is processed before sending in a 1040-X. This means waiting until a refund is received or until their check payment has been processed by their bank.

If the 1040-X is sent in quickly, it can confuse things trying to process an amendment before the original is processed.

 

[PatMcDuck]

You have to wait, I had this happen once too.

At least according to Turbo Tax, I had to wait.

 

[bjscheel]

Yes, do wait until the first refund is received!

 

[paysensmom]

Ok, thank you all. I thought I should wait!