Level 7

Solved

Amendment

Forum|Forum|1 year ago
March 13, 2025
4 replies
19 views

Hi to all.

I filed the original return 3 days ago, and it was accepted. Today, the client gave me a new 1099-NEC. Can I file a 1040-X today?

Thanks for help!

ProSeries Professional

This topic has been closed for replies.

Best answer by BobKamman

Whether filed on paper or electronically, amended returns are like the food on your plate: It's all going to the same place. And the latest from IRS is that they are working now on amended returns filed last October. (And that was before the election.) So I would wait until after April 15, when you have more time and your client may find even more 1099's to bring you. Also, you will know if there is any error correction on the original return. The world is not going to come to an end if you rush to do this, but your health might be jeopardized.

Here is where to find out IRS processing times:

https://www.irs.gov/help/processing-status-for-tax-forms

R

rcooley25

Level 7

If it were me I would not file an admended return untill I could see that the original had come full circle.

Just-Lisa-Now-

Intuit Community Champion

Did they have a refund on the original? If so, I wait for that to be received before EFiing an amendment. If they owed money, its still better to give it some time to work through the system before amending.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Camp1040

Level 10

Why does the nec matter, shouldn't the amount of the 1099- nec have been included in gross income? I'm assuming sch C.

IRonMaN

Level 15

Exactly what I thought when I read the post.

Slava Ukraini!

qbteachmt

Level 15

"gave me a new 1099-NEC"

I wondered the same thing others did. Is this client not revealing their activity in total, not revealing it at all and thinking it only matters when there are 1099-NEC informational forms issued?

"Can I file a 1040-X today?"

Shouldn't you ask them for all the numbers, now that you learned they are missing info? It's not just this one form's amount, I bet. If they don't have complete records, make sure they know that ignoring info which is discoverable (a word I use in class) means they need to figure out the missing info and provide it so that this is the only amendment you need to do for them.

I don't like working with people who hide info.

Don't yell at us; we're volunteers

BobKammanAnswer

Level 15

Whether filed on paper or electronically, amended returns are like the food on your plate: It's all going to the same place. And the latest from IRS is that they are working now on amended returns filed last October. (And that was before the election.) So I would wait until after April 15, when you have more time and your client may find even more 1099's to bring you. Also, you will know if there is any error correction on the original return. The world is not going to come to an end if you rush to do this, but your health might be jeopardized.

Here is where to find out IRS processing times:

https://www.irs.gov/help/processing-status-for-tax-forms

HOPE2Author

Level 7

@BobKamman

Thanks a lot for the awesome advice! It really helped me out.

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