Generally you will have to waitup to 16 weeks morefor the IRS to process amended returns since they prioritize regular returns. Also note that the standard”Where’s my refund” service from the IRS does not track amended tax return status’. You need to instead use the IRS tool, “Where...
Check Online Resources:The IRS provides online tools that enable you to track the processing status of your Form 8862. Visit the IRS website and look for the “Where’s My Amended Return?” tool or a similar tracking feature specific to Form 8862. Follow the provided instructions to check ...
Review and Amend Prior Returns:Take the time to review your past tax returns to ensure you didn’t miss any deductions or credits. If you find that you did, you may be able to file an amended return and potentially receive an additional refund. Consult with a Tax Professional:If you have...
On June 3, 2009, the family trust amended the 2001 return and elected to carry back the net loss to that year that had been disallowed for distribution in 2002. On Aug. 14, 2009, the Steinbrenners claimed a refund from 2001 of about $585,000. In late December 2009 the IRS paid them...