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Level 2
June 1, 2021
Question

Form 1040 X

  • June 1, 2021
  • 1 reply
  • 7 views

Form 1040 X. If client has not yet received refund and now refund is lower due to withhoding adjustment do I report original refund not received  on Form 1040X ? If I do it appears the taxpayer has a balance due and not a smaller refund

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1 reply

George4Tacks
Level 15
June 1, 2021

Yes, they have a balance due. They can wait for the refund to show up, but the interest due on the balance due will increase. 

 

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