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Once you file an amended return, you can track its progress. This year, the IRS says you need to pay 80 percent of what you owe for the 2018 tax year to avoid a penalty. And it's important that your estimate be as accurate as possible, she adds. You'll need to estimate what you owe and send it into the IRS before your filing deadline. You can file an extension, but keep in mind that doesn't extend the time to pay, Kazenoff says. If you don't, you're going to owe interest on the outstanding balance. ![]() You should plan to pay the taxes on that unreported income before the April 15 due date. If you forgot to report income, such as that from a side hustle, Kazenoff says you'll likely need to file an amended return, and pay. Once you've followed those steps, here are a couple of other facts to keep in mind. #Turbotax contact number professional"The more complicated the return is and the greater the dollars involved, having a tax professional who is well-versed in these areas is recommended," Kazenoff says. In that case, you may want to seek expert assistance. The situation can be different if you own a business, for example, and your issues pertain to more complex deductions or credits. If you're missing a document, again, the IRS can handle this and typically alerts you by mail. That's typically easy to resolve, Kazenoff says. For example, say you didn't include a 1099. She adds that if you prepared your taxes with TurboTax Live, you can connect with the TurboTax Live CPAs and enrolled agents year-round to get help amending your return.īut filing an amended return can also be done without help, especially if it's something fairly straightforward. ![]() #Turbotax contact number softwareCNN Sans ™ & © 2016 Cable News Network.If you used TurboTax to file your return, the software can also walk you through amending your tax return, Lisa Greene-Lewis, a TurboTax expert and CPA, tells CNBC Make It. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. ![]() Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Your CNN account Log in to your CNN account #Turbotax contact number freeThe company responded in its statement that it’s “clear and fair with its customers, including with the nearly 100 million Americans who filed their taxes free of charge with our products over the last 8 years - more than all other tax prep software companies combined.” Today, every state in the nation is holding Intuit accountable for scamming millions of taxpayers, and we’re putting millions of dollars back into the pockets of impacted Americans.” “For years, Intuit misled the most vulnerable among us to make a profit. ![]() “Intuit cheated millions of low-income Americans out of free tax filing services they were entitled to,” James wrote in a press release. James said the tactic targeted low-income consumers in particular.įilers who used TurboTax’s Free Edition for tax years 2016 through 2018 will be mailed a check for approximately $30 for each year they were charged when they should have been able to use free services. James’ office said its investigation came after a 2019 ProPublica report accused the company of steering eligible clients away from federally supported tax filing products by making them difficult to find in web searches - instead directing them toward the paid version of the company’s filing services. (INTU) said that it “admitted no wrongdoing” as part of the agreement and it expects “minimal impact to its business” from the changes demanded in the future. The settlement, announced Wednesday by New York Attorney General Letitia James, said about 4.4 million customers were “unfairly charged.” Intuit must also suspend its “free, free, free” ad campaign because it falsely lured customers with the promise of free tax preparation services, the statement added. Intuit, the owner of tax filing software TurboTax, has agreed to pay $141 million in a settlement with all 50 states for allegedly steering millions of low-income Americans away from free tax-filing services. ![]()
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