Amending

[SensibleandHourly]

Good morning, 

A friend/client just dropped off her son's W-2 and wanted to know how to handle the fact that she inadvertently did his taxes last year for 2019 using 2018 data. Can I simply do 2020 now with correct data and amend for 2019 later, or will it not submit because of 2019? Of course, now the client is in a yank because of the recent stimulus package. 😉 

Happy Monday All!! 

Dawn 

[Eddie903]

Yes you can do 20, why wait to amend 19? Fix it and forget it,

[SensibleandHourly]

Thank you, I was just wondering if it would be red-flagged somehow because of the nature of the error. But, I would definitely prefer to get 2020 out of the way and amend later.

Thank you for responding. 🙂

[BobKamman]

From the Urban Dictionary:

in a yank

In a hurry or in a rush, usually used when someone is late or when tempers are running high

Origin: Probably Midwestern United States

Calm down, we don't have to be in a yank to get out of here.

If you hadn't lost your keys, we wouldn't have been in such a yank to get to the party on time

* * *

I'm trying to figure out what this has to do with the recent stimulus package.  Did she inadvertently claim him as a dependent, also?  Or maybe he inadvertently claimed her?  Don't you hate it when your clients do things inadvertently.  

[SensibleandHourly]

Oh yeah, this girl is as Midwestern as they come. And I have a pile of ridiculous sayings learned along the way to prove it, lol.

As far as the client, I think they conclude because of what happened in 2019 with Turbo Tax, the IRS won't use the information on file to send a stimulus payment.

[BobKamman · Accepted solution]

https://www.cnbc.com/2021/03/15/turbotax-irs-correct-bank-account-info-third-stimulus-payments.html

[SensibleandHourly]

Thank you for the very current link!