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OT: Do I need to file an amendment to my tax return?
Posted by: Sarcany
Date: April 15, 2018 09:16PM
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Re: OT: Do I need to file an amendment to my tax return?
Posted by: sekker
Date: April 15, 2018 09:19PM
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Re: OT: Do I need to file an amendment to my tax return?
Posted by: blooz
Date: April 15, 2018 09:54PM
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Re: OT: Do I need to file an amendment to my tax return?
Posted by: max
Date: April 15, 2018 11:11PM
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Re: OT: Do I need to file an amendment to my tax return?
Posted by: Michael
Date: April 16, 2018 05:18AM
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Re: OT: Do I need to file an amendment to my tax return?
Posted by: Robert M
Date: April 16, 2018 05:42AM
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Re: OT: Do I need to file an amendment to my tax return?
Posted by: Sarcany
Date: April 16, 2018 06:23AM
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Quote
Robert M
Sarcany,
This is one of the reasons I use an accountant for taxes. If there is a screw up like the one you mentioned, it's on the accountant to take the appropriate steps to correct it, assuming a correction is necessary and/or worthwhile. If you're concerned, spend the minimal bucks to have an accountant go over the entire return. Or, if you used a tax program, contact the publisher. I believe at least one of them - Turbotax if I remember correctly - has accountants on hand to help with this sort of thing.
Re: OT: Do I need to file an amendment to my tax return?
Posted by: NewtonMP2100
Date: April 16, 2018 07:29AM
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Re: OT: Do I need to file an amendment to my tax return?
Posted by: Robert M
Date: April 16, 2018 08:40AM
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Re: OT: Do I need to file an amendment to my tax return?
Posted by: Janit
Date: April 16, 2018 08:51AM
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Quote
Sarcany
Quote
Robert M
Sarcany,
This is one of the reasons I use an accountant for taxes. If there is a screw up like the one you mentioned, it's on the accountant to take the appropriate steps to correct it, assuming a correction is necessary and/or worthwhile. If you're concerned, spend the minimal bucks to have an accountant go over the entire return. Or, if you used a tax program, contact the publisher. I believe at least one of them - Turbotax if I remember correctly - has accountants on hand to help with this sort of thing.
I have a very simple return.
An accountant would charge several times more than my refund would fetch.
I did use TurboTax and contacted their support line. Walked through the process of generating an amended return, however, they would offer no advice as to whether I actually had to file an amended return.
Re: OT: Do I need to file an amendment to my tax return?
Posted by: mattkime
Date: April 16, 2018 09:33AM
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Re: OT: Do I need to file an amendment to my tax return?
Posted by: NewtonMP2100
Date: April 16, 2018 09:35AM
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Re: OT: Do I need to file an amendment to my tax return?
Posted by: Robert M
Date: April 16, 2018 09:46AM
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Re: OT: Do I need to file an amendment to my tax return?
Posted by: NewtonMP2100
Date: April 16, 2018 09:51AM
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Re: OT: Do I need to file an amendment to my tax return?
Posted by: mattkime
Date: April 16, 2018 10:15AM
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Robert M
My time is valuable and in the case os something like this, I'd much rather have the accountant deal with it, assuming a mistake is made in the first place.
Re: OT: Do I need to file an amendment to my tax return?
Posted by: rz
Date: April 16, 2018 10:18AM
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Re: OT: Do I need to file an amendment to my tax return?
Posted by: Mike Sellers
Date: April 16, 2018 10:50AM
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Re: OT: Do I need to file an amendment to my tax return?
Posted by: NewtonMP2100
Date: April 16, 2018 01:56PM
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Re: OT: Do I need to file an amendment to my tax return?
Posted by: Janit
Date: April 16, 2018 03:00PM
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Quote
I forgot to include my 1099sa for HSA distributions. Since it was only about $300 and the distributions were for qualified medical expenses (showing distribution code 1 on 1099sa form) , do I need to amend my tax return.?
RECOMMENDED ANSWER
Technically, yes. The IRS does not presume that the 1099-SA distribution is used for medical expenses.
When you enter a 1099-SA, you specify that it was used for such. This completes Form 8889, line 14a and line 15. Until you complete the Form 8889, the IRS will see the amount as a taxable distribution.
Wait until you get your refund. This is not an urgent amendment, and amending before you get it can be problematic.
After you get the refund, amend your return to add the 1099-SA and complete the Form 8889. Turbo Tax will walk you through it.
Re: OT: Do I need to file an amendment to my tax return?
Posted by: Sarcany
Date: April 16, 2018 05:21PM
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Quote
Janit
Here is a response to your question on the Turbo Tax website:
[ttlc.intuit.com]
Quote
I forgot to include my 1099sa for HSA distributions. Since it was only about $300 and the distributions were for qualified medical expenses (showing distribution code 1 on 1099sa form) , do I need to amend my tax return.?
RECOMMENDED ANSWER
Technically, yes. The IRS does not presume that the 1099-SA distribution is used for medical expenses.
When you enter a 1099-SA, you specify that it was used for such. This completes Form 8889, line 14a and line 15. Until you complete the Form 8889, the IRS will see the amount as a taxable distribution.
Wait until you get your refund. This is not an urgent amendment, and amending before you get it can be problematic.
After you get the refund, amend your return to add the 1099-SA and complete the Form 8889. Turbo Tax will walk you through it.
Re: OT: Do I need to file an amendment to my tax return?
Posted by: sekker
Date: April 16, 2018 08:35PM
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