Comments on: File A Form 1040X To Correct A Past Federal Tax Return Mistake

By: Lyne Ward

Lyne Ward — Wed, 15 Apr 2009 07:38:52 +0000

I did my taxes with a tax software program.. got them all done and sent them in. Got the money back from the state and Federal. Was looking them over today to file them in my files and noticed that there was a mistake on income from a rental.I put in the number right but I quess the computer didn’t respond to one Zero… How long do I have to file a 1040X?

By: Jacki

Jacki — Wed, 11 Mar 2009 02:43:05 +0000

I am a sophomore in college and last year (my freshman year) I decided to file my taxes online, although I made only a few thousand dollars. I received a Form 1098-T in the mail, and I didn’t know what to do with it, so I just put it in my folder of important things and waited for the website to ask something about it. It never asked, so I didn’t do anything with it. This year, I decided to file online with H&R Block’s Tax Cut program, and once again I received a Form 1098-T; it did ask for the 1098-T, but since I was a dependent of my parents’ I couldn’t file it. My parents had already submitted their taxes a week before I did, so when I told them about it they entered it into the computer and they were able to receive the refund. They were even able to use the one from the year before that. So, they waited until they got their refund and they filled out the 1040X and submitted it last week. Am I guaranteed the refund that the website (Tax Cut) showed, and if so, how long will it take before I receive it? Will I (rather, my parents) get a letter stating whether I will get one or not? Your, or someone’s, help would be greatly appreciated!

Thanks!

By: Danielle White

Danielle White — Mon, 16 Feb 2009 18:02:55 +0000

You only have to report interest over $10.00. You’re fine.

By: Phyllis

Phyllis — Tue, 03 Feb 2009 12:35:05 +0000

I am a “senior citizen” here, trying to do my taxes online. I have had little income this year, and my interest on my bank account came to $1.66. I forgot to enter it! Isn’t there a limit on when the interest actually begins, like $3 etc. so I don’t have to send in a form? Trying to do my state taxes here, and realize I have to enter line 8a. Is a $1.66 “taxable interest”? Should I bother? Or can I leave the line blank in my state taxes also? Unsure what to do.

I get some of my rent refunded through the Homestead Credit if I can get my taxes done. (With this economy, do not want to wait), and I need a car asap. Do not know if I should bother. Sooooo frustrated.

Thanks.

By: Korrie

Korrie — Thu, 15 May 2008 16:48:19 +0000

I filed my 1040X back in March, and have yet to hear a response – is this to be expected?

By: Lynnae

Lynnae — Wed, 16 Apr 2008 04:05:09 +0000

I had to file a 1040X one year, and I was surprised at how easy it was. Unfortunately, my mistake was in my favor, so we ended up owing the IRS more. LOL