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An amended return can take 12 - 15 weeks to process. Even if she filed it with your 2015, you wouldn't get your refund right away. You can still file the amendment and get your money back. How much time you have depends for what year are you filing the amendment.
You have 3 years after the due date or 2 years after filing date, whichever is longer, to amend your return. It means, if 2014 return was due on April 15, 2015, you have until April 15, 2018 to amend it.
Ok, what's your question?
From amending a return?
Well, it depends why are you amending your return. There are thousand reasons why people want to or have to amend their tax return. If you have a legitimate correction that would reduce or eliminate your tax I don't see reason why not to amend it.
Why she is saying you wouldn't get anything back? What's your reason for amendment?
Reporting a settlement will not reduce your taxes, it may actually increase it since most settlements are considered a taxable income. And if you have 25,000 of unreported income it is just another reason to file an amendment. If IRS finds out, you will be charged with underreporting penalty.
Why would you assume that amending your return and reporting additional income will give you a refund? Just curious?
I cannot think of a reason why reporting 25K settlement would result in a refund but it doesn't mean it is not possible. But if you didn't report the income you really should amend it. Ask the preparer to explain to you how reporting 25k settlement would increase your refund.