Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0

I completed my 2006 federal and state tax returns myself using TaxCut. I need to get substantial amounts of refunds. Last year I received revised 1099 from E*Trade in March. Do I need to wait until March to file my returns ? If I get revised 1099 after I file my returns do I need to file amended returns ?

Any help would be highly appreciated !

Thanks,
NP
Print the post Back To Top
No. of Recommendations: 1
I completed my 2006 federal and state tax returns myself using TaxCut. I need to get substantial amounts of refunds. Last year I received revised 1099 from E*Trade in March. Do I need to wait until March to file my returns ? If I get revised 1099 after I file my returns do I need to file amended returns ?

Since you're expecting large refunds, go ahead and file. Yes, if you get a revised 1099 you'll have to amend, but it's no big whoop, and you have until April 17 to pay any additional tax due without interest.

Phil
Print the post Back To Top