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turbo tax
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<blockquote data-quote="rlsnights" data-source="post: 411854" data-attributes="member: 7948"><p>Star -</p><p></p><p>I answered your question under Nancy's post about losing difficult child as an exemption.</p><p></p><p>You need to file 1040X amended return. 1040X cannot be e-filed. It must be done by mail.</p><p></p><p><a href="http://www.irs.gov/pub/irs-pdf/i1040x.pdf" target="_blank">http://www.irs.gov/pub/irs-pdf/i1040x.pdf</a></p><p></p><p>I can't guarantee you won't get audited but if it's a deduction/exemption you can legally claim and you can support with documentation then I think you should go ahead and do it. The IRS audits very few returns overall and if you're entitled to the exemption/deduction then you should have no problems even if you do get an inquiry. Just my 2 cents.</p><p></p><p>Donna -</p><p></p><p>I would wait until they have processed the return you submitted. If they don't catch the error while processing that return, then once you get notified that your refund was deposited I would file a 1040X amended return with the correct income and send them a check for what you owe. You are still responsible for paying the correct amount of taxes by April 18th no matter what so you don't want to wait for them to "get around" to deciding you owe them money or you may have to pay penalties and interest.</p><p></p><p>Patricia</p></blockquote><p></p>
[QUOTE="rlsnights, post: 411854, member: 7948"] Star - I answered your question under Nancy's post about losing difficult child as an exemption. You need to file 1040X amended return. 1040X cannot be e-filed. It must be done by mail. [url]http://www.irs.gov/pub/irs-pdf/i1040x.pdf[/url] I can't guarantee you won't get audited but if it's a deduction/exemption you can legally claim and you can support with documentation then I think you should go ahead and do it. The IRS audits very few returns overall and if you're entitled to the exemption/deduction then you should have no problems even if you do get an inquiry. Just my 2 cents. Donna - I would wait until they have processed the return you submitted. If they don't catch the error while processing that return, then once you get notified that your refund was deposited I would file a 1040X amended return with the correct income and send them a check for what you owe. You are still responsible for paying the correct amount of taxes by April 18th no matter what so you don't want to wait for them to "get around" to deciding you owe them money or you may have to pay penalties and interest. Patricia [/QUOTE]
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