1040x

[ED SMITH]

Message on the TAO line -
Because of the stimulus payments, amended returns will take 4 months to process.

[DTS]

Ed

Thanks for this. I have 3 to finish on my desk and can now tell the customers. I've been telling them 6-8 weeks.

[Jesse]

Do you know if they will make adjustments for the stimulus payments on amended returns?

I did an amendment for a single person that did not take the lifetime learning credit on the original return. He in turn received the stimulus check for $600. Had the credit been taken on the original return vs. the amended return he would not have received the full $600. Is that a reason for the extended time in processing amended returns? Or is it just that the IRS is that backlogged because of the stimulus payments?

[taxea]

1040x

Jesse my guess is that the IRS will deduct any overpayment of the stimulus money from any refund due as a result of the 1040X. I tell my clients that any IRS issue takes a minimum of 6 months every time correspondence is responded to or a return is amended. taxea