On 5/12/2021 18:26, MZB wrote:
A friend of mine filed his taxes. He does est. tax payments.
He was expecting large refunds. He files paper, not E-file.
Two weeks later he got his State refund. It was much less
than expected and he learned that he screwed up his
statement of prior est. tax payments. He claimed much more.
Question: Should he file an amended X return, or just leave
it be with the assumption that the Feds will pick up on that
and send him the correct (lower) refund?
What to do?
Mel
As I understand it, the only issue is your friend claimed
more in estimated payments than was actually paid in. The
IRS will allow only the total of estimated payments received
and properly credited to the account when computing refund
or balance due.
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