Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
If the return was e-filed it would bounce if IRS records disagreed with Schedule M.

Ha! I'm a VITA ERO, and believe me, I have plenty of experience with returns bouncing because of Schedule M, line 10. By my count, we've had about 15 such rejections so far this year, about three/week. But in this case,

The return was efiled, and it did not bounce.

I told the taxpayer that IRS telephone advice is incorrect about half the time, and suggested he call again, because surely he'd get someone else. Well, he did, and this person said that the credit was denied because Schedule M wasn't attached to his return!

Curious. The return was done with the VITA software, TaxWise. I ran diagnostics and looked at the list of schedules/forms to be sent in electronically. Schedule M is most assuredly there. Of course, I have no way of knowing what was actually transmitted in the efile.

So I guess it's time to do an amended return. But the question now is, how to you amend a correct return?

Lorenzo
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.