Have a Tax Question? Ask a Tax Expert
Thank you for your question.
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Good. I'm sorry to hear about your tax issue.
Unfortunately, the amount of tax due sounds reasonable - if you are in the 15% tax bracket then your tax on $4,480 would be $672
You would owe the amount as effectively you owe the increase in your tax as you received a refund.
You should have had to pay in a small amount instead of getting a refund.
I have never paid after filing.
I have made less and received a refund and have made more and received a refund.
It all depends on how much tax you have withheld throughout the year
I guess I am confused. I received a refund for the W2 I submitted. Why then, would I not with the added W2?
When you received your refund, you effectively have a balance of 0 with the IRS. So, if you did not claim income and then had to claim income you would owe tax on the entire balance
Whether or not you had a balance due would depend on how much you had withheld for that particular W-2 left off.
Ok, I guess I still don't get it but it is what it is. Is it possible to file a 2011 addition?
They have already done that for you
You could certainly file a 1040X and calculate the tax due for yourself
it's up to you - but if they have assessed tax on it you don't "have" to file an amended return.
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