I need to amend a client's 2020 individual tax return to claim the 2nd stimulus payment that wasn't received. I can't find the 1040X. In my recent update it says it is available for efile. When I try find form it doesn't show 1040X. Am I missing a step?
This discussion has been locked. No new contributions can be made. You may start a new discussion here
There are probably better ways to track down an EIP. https://www.irs.gov/coronavirus/second-eip-faqs#howdoi
Well, the client's husband said they received the second stimulus payment but they actually hadn't. English is not his first language so I don't think he understood the question. I filled out the recovery rebate worksheet so I need to amend the return.
Wait to see how the tax return processes.
The IRS may have the 2nd stimulus "sitting" on the taxpayers account, kind of like an estimated payment, and will send it to your client automatically.
I would NOT amend or EIP payment, at least not yet. I have expectation that IRS has all the correct information and will adjust those returns that did not claim the correct 2020 credit.
If they don't get an adjusted refund or tax due after filing, I would allow at least 4 weeks before charging them a hefty fee to do an amended return.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.