I’m very new to this adult life so I decided I wanted to try and file my own taxes on TurboTax and then while it was in the process of filing I realized I had to add my 1099 from Robinhood so I amended my tax returns. Now I’m stuck I amended it added my 1099 now do I have to mail it in or does it already do that for me and do I get any penalties.
@everydaywithbecca
2 жыл бұрын
TurboTax will tell you what you need to do. If you mailed the first time (normal filing), you’ll have to mail again. Nothing is automatic for you; you’ll have to select an option and make sure the return is transmitted-either through mail or e-filing. There are no penalties as long as you amended your return and added in all the correct info by the 4/18 deadline.
@FavDogBisquit
Жыл бұрын
@@everydaywithbecca I have to amend for 2020 & 2021. What's the penalties for not adding a dependent?
@everydaywithbecca
Жыл бұрын
@@FavDogBisquit you can file an amendment up to 3 years after the filing deadline for that year. More info here: turbotax.intuit.com/tax-tips/amend-return/how-to-file-an-amended-return-with-the-irs/L6kO691J8
@dremorris3489
Жыл бұрын
My Federal has be accepted but I forgot a W-2 but it’s not giving me the option to Amend
@everydaywithbecca
Жыл бұрын
TurboTax is a bit delayed in terms of amendments right now. A few people have mentioned that TurboTax has stated they won’t have it available until later in February. More info and instructions here: turbotax.intuit.com/tax-tips/amend-return/how-to-file-an-amended-return-with-the-irs/amp/L6kO691J8#article_header_3 You should log in a week or so and see if they’ve changed the option, or try again and see if they give you a reason as to why.
@Albo_AK
7 ай бұрын
Hey Becca, question: I already submitted my W2 from my first job today, but forgot to submit the other W2 from my other job with it. My question is: Do I only need to submit the W2 form that I forgot to add only? Or do I need to admit BOTH of those W2 forms for the updated changes to apply? Admit the only W2 form that I forgot to add from my other job, or amend both of them? Amend the only W2 I forgot to add, or amend both W2’s together? And will the changes update to my submitted W2 after I amend the other W2 I forgot to add? Thanks!
@everydaywithbecca
7 ай бұрын
Hello! You’ll amend your return and add your W2. Your return will already have your first one correctly, so you’ll just need to go in and add the second one. You’re basically redoing it and making the update so that it’s correct and includes everyone. Let me know if you have more questions!
@Albo_AK
7 ай бұрын
Okay so if I’m understanding correctly, when I have the option to amend (don’t have the option currently) & click the option to “add another W2”, my existing W2 form that I filed already will be there already prefilled with the info that I already sent from job #1. But, I just need to add the extra info from the W2 form from job #2 that I forgot to submit right? And TurboTax will do all the calculations for me with that added W2 form & I can submit it again?
@everydaywithbecca
7 ай бұрын
@@Albo_AK yes. Correct!
@deflatednuptse
8 ай бұрын
Hey! If my taxes were just accepted this past Feb. 9, & I forgot to add my 1098-T, does submitting an amendment now prior to me receiving my refund delay the original return? Not sure if that’ll confuse the system or not. Also - since I haven’t received my initial return yet, would they be able to add the extra money I’ll be getting into my direct deposit or would the amendment refund still be paper? Thank you! Great video
@everydaywithbecca
8 ай бұрын
The IRS recommends waiting until you receive the first refund. They process all returns separately and would not add the second one to the first filing’s refund, unfortunately. The amended return should be able to be filed electronically if you files the original return electronically, and should allow you the option to direct deposit as before.
@deflatednuptse
8 ай бұрын
Awesome thanks so much for the help! Very insightful and quick response, definitely subscribed :)
@everydaywithbecca
8 ай бұрын
@@deflatednuptse thank you! Glad to have helped!
@quality5s612
8 ай бұрын
I’m confused so I filled my 2022 taxes but recently Amended in December to add a 1099 - NEC that I received after the deadline since I Amened added the 1099 but my question is Turbo Tax made me Download the 1040-X am I supposed to mail it in? ? Or did Turbo Tax already do it? Can I send it to them through the IRS website if Turbo Tax didn’t send it?
@everydaywithbecca
8 ай бұрын
TurboTax should have given you instructions. Depending on how you filed your original return, you may or may not be able to file it electronically. If you filed by mail the first time, you have to continue filing by mail. If you filed electronically, you should be able to file electronically. Double check the instructions of your TurboTax amended return (go and open your copy of the form, and its instructions. If it says you have to mail it in, and you never did, then do so. If it states it was electronically filed, then you don’t need to do anything. More info here: turbotax.intuit.com/tax-tips/amend-return/how-to-file-an-amended-return-with-the-irs/amp/L6kO691J8
@bencherifsoufiane17
8 ай бұрын
@everydaywithbecca i have same problem it's the first time i file my tax return with turbotax and i did amending and when i downloaded the file it shows i need to mail it how is that even possible or it's just a standard instructions??
@everydaywithbecca
8 ай бұрын
@@bencherifsoufiane17 no. Thats not standard. Depending on your situation, the irs may require you to mail in a physical return. There may be something you placed on your return that required a physical return rather than an e-filing.
@bencherifsoufiane17
8 ай бұрын
@@everydaywithbecca can i reverse it and do efile ?
@everydaywithbecca
8 ай бұрын
@@bencherifsoufiane17 did it give you a choice to efile before? Did you choose “mail in my return”? If you had the option, go here for more info: ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/change-mail-e-file-turbotax-online/L0zDlGPhq_US_en_US
@celestesjourneyinusa1068
Жыл бұрын
hi ! Should I wait for them to process my first tax file for refund or send my amended before they review my refund
@everydaywithbecca
Жыл бұрын
It’s recommended to wait so that you know exactly the difference between any amount that is processed, but you are not required to wait. Just make sure to keep track of any money that you get in comparison to what you might owe or any new amounts that you may get. The IRS will process them separately. Let’s say, if you get $500 the first time, but oh600 $ a second time, make sure to keep that $500 to send back to them along with the additional $100. That’s just an example though. Good luck!
@celestesjourneyinusa1068
Жыл бұрын
Thanks but I forgot to add a W2 of one of my job when I first filed so I am thinking that I need to ammend soon
@Jdfh402
10 ай бұрын
Real quick question! Do you have file your amended return via mailing or can you do it electronically? Because I filed my amended return through TurboTax and I just received letters from both IRS and my home state in regards to what I owe
@everydaywithbecca
10 ай бұрын
It depends-you can e-file it if you e-filed your return (years 2020-2022), but if you originally filed on paper, you have to file your amended return on paper as well. More here: www.irs.gov/filing/amended-return-frequently-asked-questions#:~:text=Yes.,using%20available%20tax%20software%20products.
@juliayang132
7 ай бұрын
I just filed my 2023 tax return, and found out I missed one tax form, should I wait for receiving refund before amend it? Or I should amend it before receiving refund?
@everydaywithbecca
7 ай бұрын
The IRS recommends waiting until you receive your refund in order to avoid your own confusion. They process each return separately. Once you receive your refund, hold it and wait until you process your amendment in case you owe money afterwards.
@seeno99
8 ай бұрын
Good video. I efiled my taxes for this year with TurboTax, got a refund already. But I needed to make a change. Turbo wouldn’t let me efile the 1040X. The confusion is do I have to mail back the 1040X and the entire updated 1040 also? Same with my California return. Thanks
@everydaywithbecca
8 ай бұрын
1040x is the name of the return that is amended. This is the only return that you have to mail back. They do not need the original original 1040. Alongside the 1040 X, make sure to include any proofs for the items that you updated. For example, if you updated a W-2, include the new W-2.
@seeno99
8 ай бұрын
I added a parent as a dependent. Not sure what else to send in on that one. Thanks@@everydaywithbecca
@seeno99
8 ай бұрын
Even worse TT won't let me efile my one change. I used TT to efile this years federal/state taxes. Have already had those accepted last week. I'm adding a parent as dependent on 1040X. Final step says I have to mail in my California 1040X@@everydaywithbecca
@ElAndrewss
Жыл бұрын
Idk why it doesn’t show me the option for amend 😢😢
@SquadCastEnt
Жыл бұрын
Same
@everydaywithbecca
Жыл бұрын
Has your return been accepted?
@celtondon
Жыл бұрын
@@everydaywithbecca ay mine has, is there anything I can do about that, I made a ginormous mistake
@everydaywithbecca
Жыл бұрын
@@celtondon Yes--start amending it and fix that mistake. Remember that the IRS processes them separately. If you get a refund that you should not have gotten from the first one, make sure that you keep that refund and pay back anything that the amended one says you owe (if that's the case).
@sabinovazquez2235
Жыл бұрын
What if I got a small refund because I forgot to add a w-2 can i still add it and get more money?
@dk09037
8 ай бұрын
Hello ! Thank you so much for sharing your information. I just have one question. So I just filed my tax return and I got accepted and received my original return today. But I forgot to add another w-2. So I tried to add them on TurboTax but it says I have to mail them the 1040-x form. Do I have to include 1040 form as well ? or just the 1040-x? What do I have to include in the mail exactly??
@everydaywithbecca
8 ай бұрын
TurboTax should have a page on your return when you finish and print that tells you exactly what to do. You don’t need to include both. Just form 1040x and the info regarding what was changed (your second w2). More info here: www.irs.gov/faqs/irs-procedures/amended-returns-form-1040x/amended-returns-form-1040x
@dk09037
8 ай бұрын
@@everydaywithbecca Thank you so much! ;)
@everydaywithbecca
8 ай бұрын
@@dk09037 you’re welcome! Email or reach out with any other questions.
@imElohym
Жыл бұрын
Hey my original returns took about 9-15 days to receive. How long does the Amendment returns usually take?
@everydaywithbecca
Жыл бұрын
Unfortunately, it’s case by case. Currently the IRS is stating it’ll take 20 weeks rather than the 16 it usually takes.
@WorthyIsJesus
2 жыл бұрын
I am having to amended and this is my first-time, and now I owe money back. I don't have the funds available to make the full payment by the 4/18. What would you recommend? Can I pay through IRS instead to give me more time? Or do I have to go through Turbox?
@everydaywithbecca
2 жыл бұрын
TurboTax will give you the option to pay through the IRS website (for federal returns); for state returns, you’ll have to check through your state. The IRS does have different plans for you, and you can find that info here: www.irs.gov/payments/payment-plans-installment-agreements Good luck and reach out with any questions!
@WorthyIsJesus
2 жыл бұрын
@@everydaywithbecca Thanks.
@masonicaero09
Жыл бұрын
I'm having to go back and create a backdoor Roth IRA because my household exceeded a Roth threshold. Unfortunately I didn't catch it until I filed my 2022 taxes. Is this complicated enough where I need CPA intervention or can TurboTax amendments handle that?
@everydaywithbecca
Жыл бұрын
I’ve never come across this myself, but did some digging. It looks like you’re able to move that money out (whatever exceeds the threshold) and include it as part of your income in an amended return. Basically, your amended return would report more income-include the amount you moved out to in order to meet the maximum threshold. If you prefer, you could also move it into a traditional IRA. MORE INFO HERE: www.nerdwallet.com/article/investing/excess-contribution-to-ira
@saintseiya5387
Жыл бұрын
So I did my taxes with a tax expert and got my tax return 2 days ago, I forgot to add crypto so can I efile it through TurboTax?
@everydaywithbecca
Жыл бұрын
If you efiled through a tax expert, yes. More info via TurboTax here: turbotax.intuit.com/tax-tips/amend-return/how-to-file-an-amended-return-with-the-irs/amp/L6kO691J8#article_header_3 Look at the “get the right forms” section.
@saintseiya5387
Жыл бұрын
Doesn't have the amend taxes option available, also when I eflied with the accountant he didn't use turbotax but some other software, can I still use TurboTax to amend it anyway?
@everydaywithbecca
Жыл бұрын
@@saintseiya5387 To amend it using TurboTax, you'd have to recreate it on TurboTax as a filing first, and then amend that new filing. You would create it on TurboTax, but not file it (since you already filed it before)--then you would go into that filing and click "amend". Honestly, this can be a little complicated. If possible, I'd ask that accountant to help you file the amendment, or just fill out the actual amendment form and use that instead. Here is the IRS website for amendments: www.irs.gov/forms-pubs/about-form-1040x
@hectorbarrios89
3 ай бұрын
i need help i need to Amendment my w2 that i forgot for 2023 can u help me now DC tax is telling me that i need to do the Amendment ?
@everydaywithbecca
3 ай бұрын
You will just follow the steps in my video-make sure that you do it for the 2023 year. Did you file with TurboTax? Or some other program?
@lizbethmontoya1377
Жыл бұрын
Once a tax refund has been ACCEPTED in tax turbo the option to amend (in this case add additional form) says it won’t be ready until Feb 16. Also, it says to wait till you receive your refund before amending a return….Is this correct ?
@everydaywithbecca
Жыл бұрын
They recommended waiting because a lot of people get confused about what they owe or will receive, as the IRS processes everything separately. Waiting allows you a better idea of where you stand; however, the irs will accept an amended return even if your first return hasn’t been completely processed yet. It’s up to you; best option is to wait until you have all the information you need to know you’ll only be filing one return, or one amendment (as little as possible-saving yourself and the irs time). I haven’t tried this year with TurboTax. If it’s not yet ready, that actually makes some sense. They have to upload the correct data to their system to provide the form. Thanks for this info! I’ll have to shoot this information out.
@lizbethmontoya1377
Жыл бұрын
Thank you for your reply 😊
@ZolanyeeLara
8 ай бұрын
Hello I accidentally filed with incorrect w2 so and old one and now I have refund hold , should I amend of course right but Turbo Tax its telling me I have to wait until the 15th am I going to be able to erase the incorrect w2 , and add the correct and also money from self employment. Thanks in advance
@everydaywithbecca
8 ай бұрын
Yes. You have to wait until TurboTax has the amendment form ready. The IRS processes every return separately; this means that they will process your first return and send you your refund. Then you will have to amend and submit the correct w2. If you still get a refund, they will send you the difference between the two. If you owe money, you can use the money you got in the first refund to pay back what is owed. Here’s more info on what to do with two filings/refunds: ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-already-received-refund/L4AOMgAu4_US_en_US#:~:text=In%20fact%2C%20the%20IRS%20doesn,check%20for%20the%20additional%20amount. Here’s info on amendments in general: turbotax.intuit.com/tax-tips/amend-return/can-i-redo-my-taxes-and-should-i/amp/L9IW7lJWP Good luck! Reach out if you have more questions.
@ZolanyeeLara
8 ай бұрын
Thank you so much , Also can I file self employment income if I was paid cash tru cashapp ?
@everydaywithbecca
8 ай бұрын
@@ZolanyeeLara yes! If you didn’t get a 1099 from cash app, then You would report it on your own in “other income” section and specify what it was for and if any taxes were withheld.
@ronmartblog
Жыл бұрын
This seems to only show TurboTax Online - what about the software desktop version?
@everydaywithbecca
Жыл бұрын
Unfortunately, I don’t have tutorial for that right now. I only have it for the online version.
@everydaywithbecca
Жыл бұрын
TurboTax states that for its desktop version: “To start your amended return, go back into TurboTax, open the return that you already sent in, and on the first page you see, click on the link to amend your return.”
@ronmartblog
Жыл бұрын
@@everydaywithbecca Thanks but therein lies the problem - it doesn’t have that option even though the IRS has already accepted the efile Thanks for responding though!
@everydaywithbecca
Жыл бұрын
@@ronmartblog I did some digging on the TurboTax boards, and it seems like many people have to wait until they receive the refund to be able to file an amendment. If you choose not to file to the IRS website for your amendment, you can try that option after you receive your refund.
@ronmartblog
Жыл бұрын
@@everydaywithbecca I haven’t had a refund even when I first started filing at age 10 😂. I’m going to wait until Monday as perhaps weekend approved e-files need additional processing before they get the response needed for the software to enable the append option.
@AybikeAykut-n6j
8 ай бұрын
So I got first job w-2 but I forgot the uploud my second job w-2, can I amend them? Cause rn it say amend part is gonna be active on 15 of February
@everydaywithbecca
8 ай бұрын
You’ll have to wait and amend it when TurboTax has the form for you. More info here: ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-already-received-refund/L4AOMgAu4_US_en_US#:~:text=In%20fact%2C%20the%20IRS%20doesn,check%20for%20the%20additional%20amount. And here: turbotax.intuit.com/tax-tips/amend-return/can-i-redo-my-taxes-and-should-i/amp/L9IW7lJWP
@carlos_is_sea-deep
8 ай бұрын
Ammend doesn’t appear, my federal tax was accepted but my state is still pending and i marked myself as independent by mistake
@everydaywithbecca
8 ай бұрын
You’ll have to wait until the IRS processes it. If it was rejected, you could do it right away, but since they accepted it, you’ll have to wait. More info here: ttlc.intuit.com/community/after-you-file/discussion/how-do-i-amend-my-return-i-don-t-see-the-option-to-do-so/00/1916752/amp
@Kr-eu7co
Жыл бұрын
I made a mistake on my tax returns and submitted them. Turbotax isn’t allowing me to update them and the gov. Rejected my tax returns. This is only my 2nd time filing taxes as I’m 19. I don’t really know what to do
@everydaywithbecca
Жыл бұрын
What does TurboTax say? Are you unable to do it online?
@stephenhegarty6032
2 жыл бұрын
New to crypto and I had a loss and it transferred it was 11 months ago and didn’t know that was a taxable action and I checked the wrong box on TurboTax so where do I to fix that…..thank you for a great video
@everydaywithbecca
2 жыл бұрын
It will show up on the form you received from where you purchased the crypto currency. You would report it in the amendment and can find this by using the search bar and looking for “crypto currency”. You’ll just enter the info from your 1099 into TurboTax.
@ruto693zelda84
Жыл бұрын
I already filed and realized etsy had a 1099 for me that I had no idea about. It is like $8k in sales but not much of that is profit. Only like $2k. Will I still be able to write off all of my costs? I am freaking out.
@everydaywithbecca
Жыл бұрын
When filing as self-employed, or with any kind of self-employed income, you are able to break down expenses. TurboTax has more info here on what you can write-off: turbotax.intuit.com/tax-tips/self-employment-taxes/reporting-self-employment-business-income-and-deductions/L3Unchx1x It's possible if you made $8,000 in sales but spent most of it on expenses, that you may not owe much after. Don't freak out! Take it one step at a time.
@abmcd9381
Жыл бұрын
can you amend a 2021 return and add to your IRA to reduce your tax burden? I was contacted by the irs that I owe $$$ for my 2021 taxes. Im hoping I can reduce that amount by contributing to my IRA. Thanks
@everydaywithbecca
Жыл бұрын
I’ve never heard of doing that, but did find this article. I’m hoping it can help offer some guidance. www.forbes.com/advisor/retirement/last-minute-ira-contributions/#:~:text=If%20you're%20in%20the,%241%2C500%20off%20your%20tax%20bill.
@kylinjohnson8021
8 ай бұрын
So I did my taxes and only added one w2 because I didn’t receive my other ones now my other w2s is here all I wanna do is amend it to add on a w2 they already accepted the federal now when I click on amend if I’m only amending to add a w2 what do I click on that’s what I’m confused about
@everydaywithbecca
8 ай бұрын
Yes. You would have to amend your whole return in order to add a W2. So click the amend button and then go in and add the W2 and then resubmit.
@kylinjohnson8021
8 ай бұрын
@@everydaywithbecca can I email you please
@everydaywithbecca
8 ай бұрын
@@kylinjohnson8021 yes! Feel free to
@michaelher7895
8 ай бұрын
ok I have a question. How do you amend a 2021 tax return that was done by someone else who I don't have access to but I do have the original 1040
@everydaywithbecca
8 ай бұрын
Two ways: 1. Use TurboTax. You’ll have to recreate the whole 1040 by “filing”, and selecting “I’ll mail it in”, but don’t mail it in. When done, TurboTax will then allow you to amend the form. It’ll take the 1040 and generate the amendment for you to enter the needed details to refill correctly. 2. Fill out form 1040x on its own without the use of software and file it with the IRS.
@michaelher7895
8 ай бұрын
So what do you think is the easier way to do? Do you have a video on how to amend the tax return on turbo tax? I also have another question? So my friend has a EIN# to run a auto shop but does he need to fill out the form 8832 to get the LLC? What kind of LLC to file?
@everydaywithbecca
8 ай бұрын
@@michaelher7895 the 8832 form is to change entity status. More info here: www.greenbacktaxservices.com/knowledge-center/form-8832/#:~:text=Form%202553%20instead.-,Who%20Must%20File%20Form%208832%3F,classification%20if%20they%20want%20to.
@everydaywithbecca
8 ай бұрын
@@michaelher7895 the way you file depends on you. If you are only filing yourself, then online is probably easiest. No need to buy and download software. If you’re filing multiple ones, then purchase the software cd.
@michaelher7895
8 ай бұрын
@@everydaywithbecca how do I recreate the whole 1040 when I have my 2023 tax return on the turbotax software already. It wants me to pay?
@teamaxyl
Жыл бұрын
hi, so i just filed my 2022 taxes today and it’s already been accepted. Is it possible to redo it again the reason why it’s because i did clicked the wrong options when filing tax and now my taxes was reduced the refund when it supposed to more.. also i didn’t get my refund taxes last year:( what should i do
@everydaywithbecca
Жыл бұрын
Once the IRS notifies TurboTax that your return has been accepted, it should be able to pull up an “amend my return” option. Did you have trouble finding this on your TurboTax account? As for not receiving your refund-you’ll want to make sure that the irs has your correct address and direct deposit (if you used that option).
@abbytink4977
2 жыл бұрын
All mines said is Your amended federal tax return was accepted by the IRS I don’t know if I’m supposed to mail it or just wait
@everydaywithbecca
2 жыл бұрын
Did you e-file or choose the mail option? If you’re getting that message, you most likely e-filed and should be receiving updates shortly. Double check! 😊 Reach out with more questions.
@Believe_her
2 жыл бұрын
I had my taxes filed through turbo tax earlier in the year. Few days later (during my pending refund status), I notice I had to have my taxes amended due to late arrival of W-2 forms. The person I had to amend it also does my taxes, says that there’s a charge for software upgrade & that I would have to mail my amended taxes in. (Even though it was e-file through turbo). Which doesn’t make any sense .. Would you know the accuracy of that ?
@everydaywithbecca
2 жыл бұрын
Depending on what version of TurboTax they originally set you as, if you had additional streams of income that produced forms other than a W2, an upgrade may have been needed. If you only have W2s, it should not have cost extra. I’d double check to see what they did and what the cost was associated with. That seems odd to me.
@Believe_her
2 жыл бұрын
@@everydaywithbecca This person now claims that they didn’t use turbo tax for my w2’s the beginning of this year because Turbo charges a fee for e-file now. I literally only have government w2’s from working so idk 🤷🏽♀️
@everydaywithbecca
2 жыл бұрын
@@Believe_her what did they use?
@Believe_her
2 жыл бұрын
@@everydaywithbecca is it possible if I can email you? Or is there a way on here where I can show you the screenshots of the conversation I had with the person that does my taxes? This would be very helpful for me. But if not, I do really appreciate your replies! ♥️♥️🤍✨
@everydaywithbecca
2 жыл бұрын
@@Believe_her yes! Contact.beccalee@gmail.com
@GregoryEsman
Жыл бұрын
Hey Becca, Awesome video, thank you for making it. I'm curious about your extra info about how an amendment is processed completely on its own, specifically about how you have to send in a payment if you expect a return. Any chance you can source that with an IRS link so I can read more about it? Thank youu!
@everydaywithbecca
Жыл бұрын
Thanks for your question! TurboTax answer: ttlc.intuit.com/community/after-you-file/discussion/will-my-amended-refund-come-in-separately/00/577863/amp IRS answer (towards the bottom): www.irs.gov/pub/irs-tipss/oc-amended-returns.pdf
@GregoryEsman
Жыл бұрын
@@everydaywithbecca Thank you! Any chance you might have some insight into filing form 3115 by yourself?
@everydaywithbecca
Жыл бұрын
@@GregoryEsman apologies for not seeing this. I don't usually get response notifications. The best set of instructions I've found is here: www.indeed.com/hire/c/info/guide-to-irs-form-3115 I've never done it before, but it looks like you attach the form 3115 to your taxes or separately before the last day of the year you are requesting the change. Scroll down in that site to "when and where to file". Hope this helps!
@laurabrinkmeyer189
Жыл бұрын
i was sent some 1099-DIV forms late - how do i do an amended return in turbo tax deluxe 2022 in the desktop app?
@everydaywithbecca
Жыл бұрын
It should be the same thing-log in, open the return you filed and click on “amend your return”. More info here in the “step 2” section: turbotax.intuit.com/tax-tips/amend-return/how-to-file-an-amended-return-with-the-irs/L6kO691J8
@wildorchid4088
Жыл бұрын
Hi! Thanks for sharing. I would like to ask what category I should open for 1099DIV ? Thanks
@everydaywithbecca
Жыл бұрын
Wages and income section. You can also search in the search bar for this and “jump to” it.
@Bladebrownlive
Жыл бұрын
Hey how do I get to enter numbers for COVID tax credit I don’t see that particular screen
@everydaywithbecca
Жыл бұрын
I believe you’re talking about the economic relief payments? Or the maybe the child tax credit? You can search for these items in the search bar while you are logged in and it will bring it to the right spot. Keep in mind that these were tax credits that applied to the year 2021.
@waialaegr5
Жыл бұрын
I filed self employment taxes in 2021 and included the money I made from my single member LLC. In June 2022 my LLC was approved for S-Corp status, retroactive to Nov 2021. When I file an amended personal return, does that mean I then need to file taxes for the business for 2021?
@everydaywithbecca
Жыл бұрын
Melanie, I’ve never done this myself, but from what I’ve read, it sounds like you do need to file an informational tax return. This just informed the IRS of the money that flowed through the S-Corp. More info on filing for the S-Corp: turbotax.intuit.com/tax-tips/small-business-taxes/s-corp-federal-tax-filing-dates/amp/L1U6tYGMt#article_header_2 On another note, it sounds like the deadline is usually the 15th day of the third month in the year following that tax year. I have not been able to find anything regarding that retro active status or experience that you talked about, so what I would recommend doing is filing an extension, which is form 7004 for the year 2021, and then file the taxes for 2021. Alongside this, you have just a few days to file the taxes for the year 2022. Hi again, this is all my advice that is not based on any kind of certification, but my own research. If you really are curious, then I would check in with TurboTax and upgrade the business version to give you the ability to check in with an actual tax specialist. Although it might be a little bit costly, it is better than incorrectly filing your taxes. A lot of what you have questions on may also be answered by a TurboTax specialist without the upgrade if they are general questions. TurboTax is great about offering support and letting you know what it will cost if you need to upgrade or need more information.
@waialaegr5
Жыл бұрын
@@everydaywithbecca Thank you!!
@everydaywithbecca
Жыл бұрын
@@waialaegr5 you’re welcome! Good luck!
@Bigand788
Жыл бұрын
I received interest last year for late tax refund due to being audited but i already filed my taxes do I need to amend ?it was only 70$ I received
@everydaywithbecca
Жыл бұрын
Who paid this money to you-the IRS? If it was a refund from the IRS, it does not count as your income and you don’t have to amend. If it was someone else/another company let me know.
@concepcioncanedo6432
Жыл бұрын
Hi, I noticed an error on my daughters last name and I already had my tax refund. Do I wait until I get a notice from the IRS or do I go ahead and amend?
@everydaywithbecca
Жыл бұрын
You can amend it yourself-was it accepted?
@concepcioncanedo6432
Жыл бұрын
Yes, it was accepted and I already got my refund.
@everydaywithbecca
Жыл бұрын
@@concepcioncanedo6432 From what I've gathered, the IRS matches the last 4 letters of your first and last name with your social security number. If you were already paid, the best option is to leave the filing and fix the spelling in your next filing. Amendments are truly for changes in status or to correct errors in forms and the filing itself. If it were a large enough issue, the IRS would have rejected your tax return and made you correct it. Because it was accepted and paid, I don't believe it is a large issue. The name must've match up enough to the social security number that you provided them for your child.
@Satai2023
Жыл бұрын
Hi, is it possible to amend my 2021 taxes with TurboTax if I originally filed with H&R Block?
@everydaywithbecca
Жыл бұрын
Yes. It is possible, but it would be a little tedious because you would have to input all of the information from your 2021 taxes needed to amend them.
@doublebaK5X
Жыл бұрын
But how do I change my payment method from direct deposit to paper so I can even finish my amendment
@everydaywithbecca
Жыл бұрын
Is there no “pay by check” option? They usually allow you to pay by check or opt for an online payment.
@evelynrush1953
Жыл бұрын
So I have to wait for my return for it to appear or can I do this before because that isn’t appearing on my end
@everydaywithbecca
Жыл бұрын
You don’t have to wait for it to be completed, but you do have to wait for it to be excepted. Once it is accepted, TurboTax should give you the option to amend it.
@ieasha_ayeee5970
Жыл бұрын
I received a letter from the IRS. I tried filling an amend n now it says I owe bck ..why is that
@everydaywithbecca
Жыл бұрын
Did you already file an amendment? Or did you receive the letter first? If they saw you owe money, this is most likely due to an error made on your taxes that resulted in an overpayment. I’m guessing with the letter from the IRS states that there was an error, and now you have to pay back money that should not have been paid to you.
@ieasha_ayeee5970
Жыл бұрын
@@everydaywithbecca I didn't file the amendment yet it was and error on my return that I miss type, I haven't received the refund yet, but wen I try to go back n do the amend it now says I have to owe
@everydaywithbecca
Жыл бұрын
@@ieasha_ayeee5970 That means that the error you made was big enough to change the outcome of your return. You owe more than originally--or owe back because you should not have received as big of a refund. I'm not sure what the outcome of your situation is, but either way, you owe the IRS money. Does the letter from the IRS state to simply pay, or to file an amendment? Even though you haven't received the refund, they process everything separately and you will have to pay what is owed before 4/18/23.
@brittyluvzruben
Жыл бұрын
OK I have an issue I have two W-2s that I’m filing for my brother I entered the information on one of the websites through the IRS link I entered all of the information for the first W-2 and it submitted it before I was able to add the second W-2 and the IRS has already accepted the return and I What is unable to add the second W-2 what do I need to do I just filed about a week and a half ago it’s just a simple W-2 he does not have any dependents no right of he does not itemize it’s just a simple W-2 the issue that I’m having though is it submitted it before I was able to add the second W-2 and all of the income someone please help me tell me what I need to doIn order to rectify the situation he is currently incarcerated and I need to get this done for him before he gets out in the next 60 days
@everydaywithbecca
Жыл бұрын
You’ll need to file an amendment. Did you use a tax software? If so, you may be able to create an amendment through that software for submission. If not, you can also just grab a 1040-X form and fill that out as well. If you used TurboTax, then just log in and select the return and select the option to amend it.
@dougfredricks2017
2 жыл бұрын
Any tips in situations where stimulus check was not received? 6475 letter was received that's it. Please advise
@everydaywithbecca
2 жыл бұрын
If first check with the IRS system and see where they sent your money. Make sure that there wasn’t an error on your end with an address or bank account. Then, if you’ve made sure you didn’t get it, You can claim it within the filing-when they ask you about the stimulus checks, you can say that you only received “$X”.
@jessicalo563
2 жыл бұрын
So I had a professional do my taxes, but I forgot to check off a box regarding crypto exchange. Can I submit an amended tax return on TurboTax before the deadline? I thought it was best to wait until the refund is received to file.
@everydaywithbecca
2 жыл бұрын
You technically could wait, but if you already know your issue, you could go ahead and do it now as well. You’ve got 3 years to file an amendment, and it’s processed separately than your original return anyways, so there isn’t a reason to wait unless you’d like to get that money first or have another reason. 👌🏼 It’s up to you on the timeline as long as it’s before that 3 year mark.
@jessicalo563
2 жыл бұрын
@@everydaywithbecca I was hoping to submit an amended tax return through TurboTax today , but the option to file an amendment federal tax return for 2021 was not available. I was only able to do so for the state, which is why I thought I’d have to wait for the refund to be received.
@everydaywithbecca
2 жыл бұрын
@@jessicalo563 you should be able to-that’s weird. Send me a screenshot of what your options look like and I can walk you through it if you’d like: Contact.beccalee@gmail.com You can block out any identifying info. I would just need to see the options on the main screen. 👌🏼
@Robdogz22
2 жыл бұрын
Hey i need to amend a return and add a 1099, i need proof right away that im making this change, will turbo tax help giving me some kind of receipt or notification saying i made some changes
@everydaywithbecca
2 жыл бұрын
Your proof of change will be your tax receipt of submission at the end. TurboTax will give you a formal receipt and you’ll have your “amended return” as a copy and proof of the change itself. Do you need to provide a copy of this to someone?
@Robdogz22
2 жыл бұрын
@@everydaywithbecca wow thanks for quick reply!! Yes i actually have to make changes today and submit proof to my housing to show i made a change, i was worried the process is going to take so long to provide anything
@everydaywithbecca
2 жыл бұрын
@@Robdogz22 glad you were able to get everything! Good luck!
@angeljulian8602
2 жыл бұрын
I forgot to add 1099G on my tax return. The 1099G form has the year 2020 on it. That means I should amend the 2020 tab and not the 20201 tab correct? (in turbotax)
@everydaywithbecca
2 жыл бұрын
Yes-you’ll be amending the taxes for 2020 that were filed in 2021.
@fathimasanamohideen9126
5 ай бұрын
what if I did not file my taxes with turbotax and now need to refile to claim my T2200 WFH expenses?
@pagemorales9876
Жыл бұрын
Is it the same process for adding dependents?
@everydaywithbecca
Жыл бұрын
I have a video on dependents. Check that out. Regarding amendments, you can amend your return and add dependents that you may have forgotten.
@Amber-le8ds
Жыл бұрын
Do you get charged again if you have to amend the return?
@everydaywithbecca
Жыл бұрын
TurboTax does not charge you again. No.
@Amber-le8ds
Жыл бұрын
@@everydaywithbecca thank you
@LisaBooBabe
2 жыл бұрын
If you file on TurboTax do you have to mail one in still ???
@everydaywithbecca
2 жыл бұрын
It depends on the option you choose. If you file online, no. If you choose to mail in, yes. You’ll get to choose at the end.
@abigailcosay30
8 ай бұрын
So i filed with turbotax like i usually do every year and every year my son's dad and my kids are on there. So i filed and it got accepted but i realized their dad is not on there but his w-2 is and I'm panicking because it makes it seem like i stole his w-2. We did get a divorce but i was filing as head of household and him under me as a dependent with our kids because I've been taking care of all them physically and financially.
@everydaywithbecca
8 ай бұрын
When you put his W-2 in, did you put it under his name or yours? If you put it under your name, you will need to go and amend your return to show that it was his income. You can still report it as head of household for your family, for its total income, but it needs to be reported under the correct person.
@abigailcosay30
8 ай бұрын
@@everydaywithbecca No, it's beneath my name with my w-2.Every year our info is usually just there from last year so I assumed he was on there. But after everything was approved I went back to make sure his name was on there but it wasn't. It says that amending returns won't be available until Feb 15 on turbo tax so will I be okay until then? I won't get penalized? I'm worried and it's been bugging me since I filed.
@everydaywithbecca
8 ай бұрын
@@abigailcosay30 I dug into this more. I’m not a tax expert and have never seen or been in one situation before. I think it’s best if you use TurboTax’s free help chat to get more advice on how best to proceed. Their link here states that there are specific requirements to you filing as head of household and it requires him living separately. I think it’s best if you confirm with TurboTax on what your actual filing status should be and whether or not to include his income as well as if he’s a dependent. He may even need to file his own return. turbotax.intuit.com/tax-tips/family/guide-to-filing-taxes-as-head-of-household/amp/L4Nx6DYu9
@abigailcosay30
8 ай бұрын
@@everydaywithbecca it's so confusing after our divorce but okay I'll see if I can just remove his w-2 entirely and change my filing status to single. And have him go to a tax preparer before I make another mistake. I'm just waiting for turbotax to open up the amend return. I just hope nothing bad happens before then.
@everydaywithbecca
8 ай бұрын
@@abigailcosay30 don’t file without consulting with TurboTax First. Some of their advice cost money. I’m pretty sure you should be able to ask somebody about your situation without having to pay extra. Don’t change your filing status unless they tell you to. I don’t want you to lose out on the extra deductions and possible tax refund if you change your status.
@RocknWithRobin
Жыл бұрын
Can I amend and still file my regular tax return? Please help me
@everydaywithbecca
Жыл бұрын
If you haven’t filed your regular tax return, you should need an amendment. Make the changes before you file. If you have already filed, then you need to file an amendment to your original filing.
@egccrypto2349
Жыл бұрын
@@everydaywithbecca Hello Becca, it appears that TurboTax has changed their process. They now say that you need to download as a file on your computer the return you wish to amend, download a TurboTax desktop application (which is free), and then bring up the downloaded tax return file you wish to amend in that application. I have tried to follow this, but it appears that whenever I choose the return I wish to amend I get an error message. The error is labeled as "Error: 190" and reads as "Your federal tax return is now on this computer. Let's get your state forms next." There are 3 buttons on the error message that allow you to interact with it. 1 is "Click for Solution", 2 is "Download my state forms", and 3 is "Cancel." I don't need to do anything with my state returns. I only need to amend my federal return. Should I try to upload my state returns anyway? Do you have any guidance? Thank you.
@everydaywithbecca
Жыл бұрын
@@egccrypto2349 I would try uploaded your state returns next. Although I haven’t encountered this problem or the new protocol, even amending online made your re-do state as some federal changes affected state returns as well. Let me know if that works! I’ll have to keep a look out for this in 2023.
@aidenandzaviansworld8062
Жыл бұрын
Does both federal And state have to be accepted to amend the return ?
@everydaywithbecca
Жыл бұрын
No-once transmitted as “e-filed”, your federal return can be amended. I’ve seen issues come up where TurboTax doesn’t allow it until it’s been accepted. As for state, you’ll want to check your state website for that and see what their guidelines are.
@Mari-tt5jp
Жыл бұрын
so I already filed my tax return but today found out that I had another w-2 that came in the mail🤦🏻♀️ so if I amend it will it affect the amount of money I already have as my return? would amending it change the date to when I’m supposed to get my tax return or would I get my original return and then a separate return from the amended one from the other W-2 I didn’t file?
@everydaywithbecca
Жыл бұрын
The irs will process both returns, but will only pay you the difference. For example, if you file and got $500 in the first one, they’ll send you that $500 payment. Then, if you amend and that return ends up being $700, they’ll send you another refund for $200. You would be paid twice because the irs keeps things separate and processes things as they get them.
@everydaywithbecca
Жыл бұрын
Let’s say you get $500 from the first one, but then owe $300 after you amend. You’ll still get that $500, but make sure to keep it and pay that $300 that you owe. Again, just an example-but beware and make sure everything is good before you spend anything! 😊👌🏼
@denisec7407
2 жыл бұрын
I forgot to claim the RECOVERY REBATE for my dependent (the third one) how do I amend?
@everydaywithbecca
2 жыл бұрын
Go back and amend it and then look up “recovery rebate” and it should direct you on how to claim it. 😊 Your return will be processed separately though-so you should receive your first refund (if you got one), and then a second separate one for the difference.
@King330h
2 жыл бұрын
@@everydaywithbecca is there anyway to e file an amended tax return? I’m owed $1800 from stimulus but it’s saying I can only mail it
@FavDogBisquit
Жыл бұрын
@@King330h any answer to this question?
@everydaywithbecca
Жыл бұрын
@@King330h you can in some cases e-file, but depending on your situation, you may need to mail it in. If you are requested to mail it in, that is the only option for you.
@everydaywithbecca
Жыл бұрын
@@FavDogBisquit Apologies; I never got the notification for these extra replies. See below for the answer.
@geraldvanderstel5333
Жыл бұрын
When I try to amend my return it says “this section will be ready February 16”.
@xochilt2007
Жыл бұрын
Same
@everydaywithbecca
Жыл бұрын
This means that TurboTax is still preparing the needed forms. Their estimated date to have these forms ready is 2/16. Check back at this time. If you receive your initial refund, then wait to spend/use this money until you amend your taxes and know the amount you owe/will receive.
@chuffman1000
Жыл бұрын
@@everydaywithbecca Hey Becca, I finished up my son's tax return, but he didn't put that someone would be claiming him as a dependent. I got rejected but his return was accepted. Once I do the amend for him, is it ok to file mine again?
@xochilt2007
Жыл бұрын
@@everydaywithbecca ok thank you. I forgot to add a 1099. I’m supposed to get my refund tomorrow but I figured not to spend it into I made sure
@xochilt2007
Жыл бұрын
@@everydaywithbecca question. I forgot to add a 1099 it was only for like 1200 it was for a side job. Can I just add for next year income?
@edhaskell1554
Жыл бұрын
The screen you show does not come up on Turbotax online! Help!
@everydaywithbecca
Жыл бұрын
Which screen? We’re your taxes already accepted?
@wildorchid4088
Жыл бұрын
How to add 1099div for 2021 return
@everydaywithbecca
Жыл бұрын
Wages and income section. You can also search in the search bar for this and “jump to” it.
@iwillbnnedafterispeakwhy6498
Жыл бұрын
I don’t own a computer
@everydaywithbecca
Жыл бұрын
If you wanted to, you could file on a mobile phone, or a public computer, like at the library. Just be careful if you do do that, as you could leave your information there. If you use a polyp computer, use an incognito Internet browser window so that you don’t leave any information so whoever comes after you.
@aaronreed7793
2 жыл бұрын
Do u have a instagram?
@everydaywithbecca
2 жыл бұрын
I used to, but found it too distracting and have had it deactivated for some time. Thanks for asking though! 😊
@jramirez15
2 жыл бұрын
Can I do an amendment to add a dependent/child who has an ITIN? When I filed tax information it didn't let me add them because they didn't have a social, however, they do have an ITIN.
@everydaywithbecca
2 жыл бұрын
Yes. You can amend your taxes to include them. Go in and just click “add dependent”, and fill in their information.
@FavDogBisquit
Жыл бұрын
@@everydaywithbecca is it too late to add my child to 2020 & 2021?? She wasn't added to my taxes. Is this a fast amendment? Is it too late?
@everydaywithbecca
Жыл бұрын
@@FavDogBisquit You can file an amendment up to 3 years after the original filing deadline. So yes, you could go back and amend your 2020 and 2021 tax returns. More info here: turbotax.intuit.com/tax-tips/amend-return/how-to-file-an-amended-return-with-the-irs/L6kO691J8 If you used TurboTax before, you may be able to amend online. If not, the IRS provides more info on amendments here: www.irs.gov/filing/amended-return-frequently-asked-questions
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