I recently filed my tax returns and received my refund checks. Then, about a week later I received another W-2 from a job I forgot I worked for about the first week of 2006. My gross pay was only about $170. I have been told that I have to file an ammended return? Can I cash the refund checks before I do that? Do I have to send them back?
2007-02-23 08:30:25 · 6 answers · asked by Caeli 3 in Business & Finance ➔ Taxes ➔ United States
Cash the check, Do not sent it back. I would make sure you have some money saved aside just in case you might owe the IRS some money.
2007-02-23 08:34:16 · answer #1 · answered by R Worth 4 · 3⤊ 0⤋
You can cash the refund checks, but before you spend it, figure out what you owe on the amended return including the new W-2, since you'll likely have to pay back some of the refund. If you owe additional tax because of this additional W-2, send a check with your amended return.
2007-02-24 14:28:22 · answer #2 · answered by Judy 7 · 1⤊ 0⤋
Yes you can go ahead and cash your checks. Just get your amended filed and post dated by 4/17/2007, and keep enough of your refund to go ahead and send in what you may owe, you may actually be due a greater refund....That is a 1040X by the way.
good luck & bless
2007-02-23 08:35:12 · answer #3 · answered by Wood Smoke ~ Free2Bme! 6 · 0⤊ 0⤋
File the amended return and wait for the bill. It won't be much.
YOU do have to file it though; you don't have to return the checks
2007-02-23 08:33:15 · answer #4 · answered by wizjp 7 · 3⤊ 0⤋
Cash it. When you amend it, more than likely you'll get more back since income was reported on W-2
2007-02-23 10:00:20 · answer #5 · answered by KillerKat 3 · 0⤊ 1⤋
just file the amended return and wait for the bill
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2007-02-26 18:16:09 · answer #6 · answered by ellen h 2 · 0⤊ 1⤋