I e-filed my return, and it was accepted — I had to amend taxes later though. Will I still get the original refund amount even though I amended my return?
When you amend a tax return, it can take up to 16 weeks to process even if you e-file. If you file an amended return, you should still get the refund figured on the original return. Then, if your refund is larger due to the change, you’ll get the difference between the original and amended amounts.
If your refund is smaller due to the amendment, you’ll need to send the difference between the new and the original amounts. Send this amount with the amended return to avoid penalties and interest.
Learn more about IRS Letter 5037 and how to handle an inquiry of your business' income with help from the tax experts at H&R Block.
Learn more about notice CP163 and how to handle an IRS tax bill for your business with help from the tax experts at H&R Block.
A manually monitored installment agreement is monitored by the IRS to ensure payments are made as required and all tax returns are filed and paid by the deadline. Learn more from H&R Block.
Learn more about IRS Letter 4552C and how to handle an inquiry of your business' income with help from the tax experts at H&R Block.