When to Amend a 2020 tax return?

Forum|Forum|5 years ago
March 14, 2021
7 replies
34 views

I want to know if we should Amend this return or wait for IRS to send our client a letter about it. Long story short, due to some confusion, we accidentally e-filed a return without entering the income amount on a 1099-G (Unemployment compensation). After entering income amount on the 1099-G, the client's Federal tax Refund amount does not change. Therefore, I am wondering if we should Amend now or wait for contact from the IRS to the client.

FYI: The State was rejected so I was able to correct the 1099-G for that and retransmit the State with the correct information.

Thanks in Advance!

ProSeries Professional

This topic has been closed for replies.

dkh

Level 15

Are you aware of the recent changes regarding unemployment wages ?

J

jeanmarcAuthor

Level 5

Yes, has ProSeries been updated with this information? I'll have to look at the tax because I think in his case he is getting a full refund of his Federal taxes paid anyway.

dkh

Level 15

I wouldn't amend unless the unemployment exceeds the exclusion amount.

clr600

Level 7

1040X will not be available until 3/18

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