Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

I filed my return (Form 1040) for 2016 which resulted in an…

Customer Question
I filed my return (Form...
I filed my return (Form 1040) for 2016 which resulted in an overpayment (to be credited against 2017 estimated taxes. I found later that I underreported my income and files an amended return (1040X) which increased the tax due and reduced the overpayment. I then received a notice of tax due for the increase. I returned the form with the notation that the amount had actually been paid, and to apply the overpayment. I then received a second notice four the additional tax due which threatened enforcement action, seizure of bank account, tax liens etc.
What do I do now?
Submitted: 1 year ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 2 minutes by:
3/27/2017
Tax Professional: socrateaser, Lawyer replied 1 year ago
socrateaser
socrateaser, Lawyer
Category: Tax
Satisfied Customers: 39,752
Experience: Retired
Verified

Hello,

Do you agree that you have an unpaid tax liability -- or, do you believe that the IRS has made an error?

Ask Your Own Tax Question
Was this answer helpful?
Ask Wallstreet Esq. Your Own Question
Wallstreet Esq.
Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 586
586 Satisfied Customers
Experience: 10 years experience

Wallstreet Esq. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,451 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

56 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,124 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
Filed form 1040 form took the standard deduction, I am now
filed form 1040 form took the standard deduction, I am now filing the new york state, … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Do you offer assistance with Form 1040-ES? These are
these are estimated quarterly taxes for this year 2018 … read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
10 satisfied customers
The IRS sent me the form 1041-ES quarterly estimated
Hi, the IRS sent me the form 1041-ES quarterly estimated payments for a trust that was dissolved in 2016. There was no income in 2017. What do I do? … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
On form 1040, line 27, what is the deductible part of the
On form 1040, line 27, what is the deductible part of the self-employment tax requiring schedule SE?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,931 satisfied customers
On form 1040 line4 21 other income. is this where i should
on form 1040 line4 21 other income . is this where i should enter an amount shown from my pensiopn payments form 1099R … read more
Cole Parker
Cole Parker
Principal/CPA
Bachelor\u0027s Degree
85 satisfied customers
Tax question: If I filed form 1040 online and it was
Tax question: If I filed form 1040 online and it was accepted and afterwards I filed form 4868 and it says accepted, does this extend the FBAR? Please provide IRS references. Thanks! Jonathan Wyman, C… read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,931 satisfied customers
Tax Question: Doing amended returns, is it better to do form
Tax Question: Doing amended returns, is it better to do form 1045? How does that work? There's an NOL from 2017 that needs to be applied to 2015. What are the advantages and disadvantages.… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
I forgot to file an 1040x Amended return, to include a
I forgot to file an 1040x Amended return, to include a 1099-R, from last year, and I still have the form. Can I still send it in with the payment, even though it's been 1 year? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,931 satisfied customers
Tax Question: Doing amended returns, is it better to do form
second opinion] Tax Question: Doing amended returns, is it better to do form 1045? How does that work? There's an NOL from 2017 that needs to be applied to 2015. What are the advantages and disadvanta… read more
Carter McBride
Carter McBride
LLM
966 satisfied customers
I'd like to file an amended return and include tax
I'd like to file an amended return and include tax deductions for repairs completed on my 4plex using a 203k fha rehab loan. Do you know if there are limitations in using tax deductions when the work … read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
Tax Question: IRS Form 1040, 4562 maybe tax professional For
Tax Question: IRS Form 1040, 4562 maybe tax professional For a barbershop. Would all these expenses be considered leasehold improvements or can they be expensed on schedule CThe contractors were the s… read more
Carter McBride
Carter McBride
LLM
966 satisfied customers
I see Form 1040 is for misc income. Does that activate a
I see Form 1040 is for misc income. Does that activate a self employment as? … read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,931 satisfied customers
I'm preparing an amended return for a client. The original
I'm preparing an amended return for a client. The original return as filed is set up for an electronic debit of a balance due on April 13th. In light of changed circumstances, the client will now rece… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
I had to file an amended return after I filed with E-tax.
I had to file an amended return after I filed with E-tax. There is a mistake on their preparing my 1040. I tried to talk to them but I could not understand what they were saying. I am 92 years old and… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
The IRS says I owe 9,902 I started an amended return. Where
The IRS says I owe 9,902 I started an amended return. Where do I enter payments in column C if I have not payed that amount but my tax liability is less then the amount they are billing? … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
I want to ask a question about Income tax return form 1040..
Hello I want to ask a question about Income tax return form 1040.. I want to fill form but My wife doesnt have any ssn number. She is housewife and she has no income. Which option should I choose from… read more
James Daloisio
James Daloisio
Attorney
Doctoral Degree
155 satisfied customers
Regarding filing amended returns, the year we're amending is
Regarding filing amended returns, the year we're amending is within the 3-year SOL but the reciprocal year to correct the mistake in Accrued Income is outside the SOL and will be a Tax Due situation. … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
921 satisfied customers
Impact of tax changes on filing amended returns... Client
Impact of tax changes on filing amended returns... Client filed a 2016 tax return on time in 2017. If the tax laws change significantly, which laws apply when amended returns are filed... the tax laws… read more
Barbara
Barbara
Enrolled Agent, Paralegal
4,931 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x