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Recent Amended Return questions

I filed my taxes last night with turbo tax on credit Karma.,

I filed my taxes last night with turbo tax on credit Karma. , I live here in texas, I filed a lousiana state tax, but I think I used the wrong form, I usedform IT-540 form instead of the IT- 540B form, will that make a difference on the state tax I,m suppose to receive.JA: What kind of computer do you have?Customer: I have a hp pavilionJA: Have you installed any updates recently?Customer: just windows 10JA: Anything else you want the computer expert to know before I connect you?Customer: no

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

20,390 satisfied customers
I have a question regarding federal income taxes. Illinois,

I have a question regarding federal income taxes.JA: What state are you in? It matters because laws vary by location.Customer: IllinoisJA: Has anything been filed or reported?Customer: Yes.JA: Anything else you want the lawyer to know before I connect you?Customer: A friend of mine filed a return claiming she had two (2) children when the children belonged to someone else who did not work last year. My friend was trying to help the other person out. My friend received a letter from the IRS asking for proof that the two (2) children are hers and indicating that if the IRS does not receive the proof within thirty (30) days, my friends tax refund will be affected. My friend is wondering if she should submit an amended return now minus the two (2) children?

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Robin D.

Vocational, Technical or Trade School

23,140 satisfied customers
My daughter filed her taxes for the first time since

My daughter filed her taxes for the first time since graduating from college and I had already filed my return claiming her like I always had. Her return was rejected since I already claimed her. Now I have to amend my return and need to know if filing an amended return will delay her return from being accepted until they process the amended return or will they accept her return as soon as I file the amendment.

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Lev

Retired

Bachelor's Degree Equivalent

24,314 satisfied customers
I am trying to figure out whether I should file a form 1045,

Hi, I am trying to figure out whether I should file a form 1045, or an amended form 1040, in order to carryback a net section 1256 contracts loss? I have a loss for 2016 and want to carry it back to 2015. The IRS instructions for form 6781 say it can be done either way (form 1045 or amended 1040) and I am trying to figure out if there are any benefits/drawbacks of doing it one way or the others? Thanks!JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: That's it

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taxmanrog

Master's Degree

1,148 satisfied customers
I have a tax question. My husband and I have my son who is

I have a tax question. My husband and I have my son who is 19, his 20 year old girlfriend and their 11 month old child living with us. My son does not work or drive and his girlfriend goes to school and works part time. She filed a tax return and claimed herself and her baby ... she made a total of $3300 dollars last year. Bot***** *****ne is we support all of them! Can we claim them on our taxes as well?

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Robin D.

Vocational, Technical or Trade School

23,140 satisfied customers
After I filed my taxes, I received a 1099-R in the mail for

Hi,After I filed my taxes, I received a 1099-R in the mail for a 401(k) distribution that I got in 2016 after I turned 59 1/2. At the time, I withdrew $40,000 from my 401(k), but I simultaneously paid $8,000 in federal income tax and $1,600 in state income tax, so I really only received $30,400. Since the tax was taken out at the time of the withdrawal, do I still need to file an amended return based on this 1099-R? And if so, will there be a change with regard to my tax refund, which I already received?Thank you in advance for your advice!

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39,048 satisfied customers
I filed my taxes yesterday through turbo tax, I was getting

I filed my taxes yesterday through turbo tax, I was getting a refund of about $11,600 but then I found out that I was supposed to claim our social security income. I did not think ss income was taxable. So I had to do an amended return. My question is: do I wait for the initial filing to go thru or should I send my amended filing now. The amended says that I owe 8000 some dollars which I really don't have to send with that return. AllJA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: I don't think so, if so, I don't know what that would be.

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Mark Taylor

Certified Public Accountant

Masters

3,298 satisfied customers
I failed to include some capital losses from 2013 and 2014.

I failed to include some capital losses from 2013 and 2014. I am hoping to include those carryover amounts for 2016. I know that I should go back and amend 2013, 2014, and 2015 to include those carryover amounts, and file 2016 with the new carryover amount. But I've also heard that I could simply include my newly calculated carryover amount in my 2016 filing and leave it at that. (Less work, less risk of a mistake in documentation, etc.) Thoughts?

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ABC Accounting Group

Bachelor's Degree

684 satisfied customers
I just received an audit regarding eic. If I choose to do an

I just received an audit regarding eic. If I choose to do an amendment and remove the dependents, what is my next step and would that be ok?

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Robin D.

Vocational, Technical or Trade School

23,140 satisfied customers
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