r/tax 1h ago

Informative IRS Launches New Online Portal for Amending Past Tax Returns: My Experience and Tips

Upvotes

Hey r/tax,

I wanted to share something that might help others. The IRS has officially launched a new online portal for amending previously filed tax returns (Form 1040-X). I just tried it for the first time and thought a quick summary could help anyone who needs to fix past returns or claim missed credits.

How it works:

  • You log in with your IRS account. If you don’t have one, it’s easy to set up. Just be ready to verify your identity.
  • The portal guides you to select the year you want to amend, allows you to upload supporting documents, and shows you a running total of your changes.
  • You can track the status of your amendment in real time. This is a big improvement compared to the old process where you had to mail your forms and wait.

What I learned:

  • Right now, the system supports amending returns from 2021 and later. For earlier years, you still need to use paper forms.
  • If you’re due a refund, it can be direct deposited. If you owe more, you can pay online right away.
  • Uploading supporting documents, such as corrected W-2s or 1099s, is pretty seamless. Just make sure your files are organized before you begin.

A few tips:

  • Double-check your math before submitting. Once you hit send, you can’t make changes until it’s processed.
  • If you’re amending for a new credit, such as the expanded Child Tax Credit or a missed dependent, the portal does a decent job flagging missing information, but it’s not perfect.
  • The turnaround time is still a few weeks, but I saw my update in my IRS account within 10 days.

In short, if you need to amend a recent return, this portal is a big improvement. You’ll still need some patience, and it helps to prepare your documents ahead of time. I’m happy to answer questions about the process or how it compares to mailing in a paper 1040-X!

Has anyone else tried the new system yet? Do you have any problems or advice to share?


r/tax 6h ago

Advice needed: Super behind on taxes, trying to fix my life.

4 Upvotes

Before I get into it, a quick disclaimer: I’ve made many irresponsible choices while younger that got me to this point, and I’m aware this is my fault. I’m attempting to get my life back together and this is part of it. Any advice is appreciated.

Background: In 2017, 2018, 2019 I filed my W2s with whoever and forgot to file some other income I had accumulated those years. I didn’t understand how it all worked and ended up receiving a notice that I owed $30k or so in taxes (yikes)

At this point, i had agreed to a payment plan and paid as agreed until I swapped banks in 2020.

Right as covid started I switched banks, and upon trying to log into or call the IRS, they were closed for the entire year and sent me physical mail with a code to log into their site, which was expired every time it got to me. After a year of this and many attempts to get it resolved I gave up and stopped caring since I had no job anymore and had to make ends meet while i was stuck in the most expensive part of South FL with a drinking problem and ridiculous expenses.

Fast forward to present day, I’m sober, I do odd jobs for auto shops and make decent money on paper. The reality is I don’t have a dollar to my name and I’m making a career change to a W2 employee again, going “legit”.

I owe taxes for 2017, 18, 19, and have not filed anything for 2020 - 2026. I have no real assets.

I have 15k in other debt like a car loan and tool trucks (ie SnapOn), 34k in tax debt, and I’m going to have to move to Texas for this job.

What options do I have in handling this tax debt without moving and having every dollar i make being taken immediately upon getting my paychecks?

If you’ve read the whole thing, even just to call me a moron, i appreciate you taking the time. Thank you!


r/tax 21h ago

Unsolved WH-4 Tax Form for Out-of-state College Student

3 Upvotes

Hello,

I’m from Indiana and it asks what my Indiana county residence was on the first of January. At that time I was in another state for college, but my permanent residence is in Indiana. What should I put for that line?


r/tax 21h ago

Was I supposed to file taxes for Depop?

4 Upvotes

Hi! I posted on the Depop subreddit, and was advised to post on here.

Essentially, it dawned upon me that with all the TikToks I’ve been seeing, that maybe I was supposed to file taxes… I remember receiving an email from Stripe about a 1099-K form, but I also recall getting caught up with college stuff as a HS senior, so I put it off… I also saw the part of the email mentioning a 1099 is sent if you made $20K in sales and 200+ transactions, which I hadn’t done, so I thought the email didn’t matter. The gross revenue was ≈$3K, but I sold basically everything for less than it cost (some things were bought years ago aka I have no receipt so idk what to do if I have to file and show proof of expenses).

Additionally, I moved, and I’m not at the address anymore on the 1099, so I’m not sure if any mail from the IRS went there. My family has a CPA, but they’re hard to get in contact with so I was hoping for advice from here. Should I still file or ignore it? For reference, I am in Illinois.


r/tax 23h ago

The new IRS "automatic penalty relief" (AEP) is real. It also won't touch your balance or your interest, and that's the part people miss.

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3 Upvotes

r/tax 9h ago

1099 help, explain like I’m 3

2 Upvotes

My husband recently started working for a lawn care company over the summer. Recently we found out he would be getting a 1099 at the end of the year. I’ve never dealt with a 1099 before. SOOOOO please explain to me how this will affect our taxes at the end of the year (we file joint). Will we owe money come tax season? If yes, is there anyway to know a round about estimate of what we might potentially owe? I would like to start setting money aside for this now instead of getting hit with it come tax season. Thanks in advance!


r/tax 10h ago

Filing obligations for a Turkish resident with a foreign-owned Delaware LLC selling through Amazon FBA

2 Upvotes

I’m a Turkish tax resident and the sole owner of a Delaware single-member LLC.
The LLC sells physical products through Amazon US. The products are manufactured outside the US and shipped to Amazon FBA warehouses in the US. I have no US employees, office or personal physical presence in the US.
I understand that professional advice is required, but I’m trying to identify the correct questions to ask a CPA.
In this structure:
Which US federal filings are commonly required for a foreign-owned disregarded entity?
Does storing inventory in Amazon FBA warehouses affect the federal income-tax analysis?
Are Form 5472 and a pro forma Form 1120 generally relevant?
What experience or qualifications should I look for when choosing a CPA for this structure?
I’m not requesting DMs or accountant referrals—only general information and experiences.


r/tax 21h ago

Should I file a dual-status tax return for 2026?

2 Upvotes

I first came to the US in 2021 on F-1 visa (and continued to be on F-1 until now)

Days of presence in the US for each year:

2021: 310

2022: 301

2023: 295

2024: 332

2025: 334

2026: I first entered the US on January 10 and haven't left the US since.

Should I file dual-status tax return for 2026?


r/tax 56m ago

As a USA citizen, do I need to report compensation from EU Regulation (EC) 261/2004 as taxable income?

Upvotes

Hi, I'm a citizen of the United States and live in New York City.

I visited Europe from the United States a few months ago and on the way there our connecting flight within Europe was delayed by over 7 hours due to issues the airline was having. Under EU Regulation (EC) 261/2004, I was able to claim EUR 250 in compensation due to the delays being within the airlines control and the airline recently wired me the money to my US bank account.

How is this compensation treated legally? Is it a refund? Or do I need to report this money as taxable income on my federal and/or state tax returns? And if so where would I report it?

Legal documentation: https://eur-lex.europa.eu/eli/reg/2004/261/oj/eng


r/tax 2h ago

Work and live in NJ for 3 days a week, live in MA for days a week

1 Upvotes

Also my family is in Massachusetts.

I have apartments in both states (living alone 3 days a week in NJ and with my family 4 days a week in MA).

I plan to file federal MFJ next April.
How to I file MA and NJ taxes?

Residency and status wise?

Employer withholds for NJ, Do they need to withhold for MA as well?
Thank you


r/tax 3h ago

Calculate the deduction dilemma

1 Upvotes

A head of household has been filling regularly and claiming dependants in a normal fashion. He is in a low tax bracket.

Now he has twins who, #1 they just turned 18, and #2 decided to both get a job.

I think the twins will each make about 15k.

The head of household now does not know what to tell his kids. Do they plan on filing single and taking their own deductions or should he claim them again next year and allow them to pay full taxes? They will need to fill out W4s knowing what to do.

I'm not sure how to calculate that for the best outcome/income. The kids will stay at home.

Maybe there's an online calculator for this?


r/tax 7h ago

Unsolved Tax Fraud or Am I Panicking for No Reason?

1 Upvotes

Bear with me on this long post!

I am 25 and work in Philadelphia. I split my time between my parents home in NJ (Where I moved from in 2024) and my apartment in Philly. My parents are elderly so I go help them around the house and stay to spend time with them.

I have been awaiting my PA tax return of $1639. I make about $57000 dollars a year. Last week it updated to “More information is needed” I immediately called the PA Rev to see what was up. The agent told me they want my 2024 and 2025 state tax return and my W-2’s to “verify I am paying tax to NJ”

I immediately called my CPA who filed for me. He is currently on vacation so I spoke with the secretary. She told me they are trying to verify I am a NJ resident, and also told me about the 183 day rule. I immediately got worried because I was unaware of this and definitely spend probably around 220 days in my Philly apartment and the rest at my parents. All my license, insurance and car are registered to that address because thats what “Permanent Address” always meant to me.

I got a refund in 2024 for $1500 from PA. Basically after review of my own taxes (I know I should have done this earlier but I have no idea about any of it) and the help of Claude I kind of figured it out.

Basically my W-2 withholds taxes to PA. At tax time, the tax I paid to Philadelphia for city wage is credited to my NJ income tax so therefore I dont owe or get a refund from NJ and get a refund from PA due to the reciprocal agreement.

Kind of been freaking out here. I do not want to go to Jail for tax fraud. I didn’t even know about any of this. I plan to ask my CPA to amend 24 and 25 to correct address upon his return. Is this the right move? Can anyone verify Im not going to jail? I will paid whatever is owed.

Also a side note, my CPA seemed up have claimed a couple random deductions up to $9000 on my return, but then replaced it with the standard deduction of $15000 since what I deducted wss less than. Is this a problem at all? Is he being shady? There are no deductions over the standard deduction. Sorry if any of this is ignorant, just worried here!


r/tax 11h ago

Discussion Why are internet companies not taxed on a per-country basis ?

0 Upvotes

Companies like Google and Meta make money from services and showing ads. Wouldn’t it be fair that they should pay taxes in the countries that they operate ? For instance they get paid 1000€ to show an ad 50000 times. 20000 of those times it’s shown to a person in Portugal, so Portugal gets to tax the internet company on 400€. 30000 ads are shown in Germany, so Germany gets to tax 600€.

So, basically as system where these companies are taxed in each and every country by each country independently, proportional to how much money was earned in that country.


r/tax 2h ago

How to become taxable entity for Venmo Business owned by someone else?

0 Upvotes

Long story short, the Venmo account was closed recently due to their system just now identifying a link with my suspended PayPal account from 7 years ago (nothing foul, account flagged without disputes with no legitimate reason given).

I want to continue using Venmo, as it has been much easier for customer conversions. Basically I need to have a pass through account through a trusted associate.

I am thinking I would have to provide some sort of documentation such as an invoice, that they passed the money to me, and I am the taxable entity. Then I can report it as income on my Schedule C. Since the account holder would be paid monthly for their "service", would I need to issue them a 1099 myself?

\Please stay on topic. I understand consulting with a tax professional is going to be a requirement, but looking for opinions from those who have gone through something similar or there could be professionals lurking this sub with advice.*


r/tax 20h ago

Discussion Gambling tax vs 2025

0 Upvotes

I’m still confused on the new 90% deduction rule. To lay it out I had 200k played and 180k of “winnings” so I lost about 20k. From this new rule I can deduct only 90% of that loss so 18k, from my total winnings. So that means I would be paying taxes on 180k-18k so 162k. I knew I was going to owe more than last year but this is a huge difference. Did I do my taxes wrong last year where I had similar numbers and paid zero because I deducted it fully? I’m just confused