Revising a filed return before the original due date.

Forum|Forum|5 years ago
April 19, 2021
2 replies
16 views

I filed a 2020 return for a client that forgot to tell me she had $20,000 in unemployment compensation. Since the return isn't due until 5/17/2021 can I file Form 1040X with State amended return now? Or wait until after 5/17/2021 and then amend?

ProSeries Basic

This topic has been closed for replies.

IRonMaN

Level 15

Since she is going to owe some additional tax, you want to do it before 5/17

Slava Ukraini!

B

bstarr001Author

Level 2

But the return isn’t due until 5/17 so do I use Form 1040X with State amended return or don’t use 1040X and just submit another 1040?

IRonMaN

Level 15

1040X

Slava Ukraini!

BobKamman

Level 15

Was there a refund on the original return? Has it been received yet? Sometimes it's better to wait for a large refund and then pay a smaller balance due.

It's not clear why you're asking about a state return -- is this for a state that recently changed how it deals with federal unemployment exclusion?

B

bstarr001Author

Level 2

Yes the federal return had a refund and it has been paid. Since unemployment comp of ~$20,000 was received there's the $10,200 federal exclusion so there will be federal tax due. Also, this is for NY and I'll have to look to see if they adopt the federal rule on excluding $10,200 or their own rule and pay NY tax.

Skylane

Intuit Community Champion

Ny didn’t adopt the fed exclusion (yet..... probably never. )

If at first you don’t succeed…..find a workaround

Sign up

Login with SSO

Let's get you signed in

Login with SSO