Ask Experts Questions for FREE Help !
Ask
    sidp15's Avatar
    sidp15 Posts: 6, Reputation: 1
    New Member
     
    #1

    Mar 20, 2013, 06:21 PM
    Request for waiver of penalty in amendment
    Hi,

    I was on F1 visa in 2010 and 2011. I used Turbo tax to file my returns for last two years which filed 1040/1040EZ forms which are resident forms. I am planning to amend my returns by filing correct 1040NR-EZ, 8843 and 1040X forms for 2010,2011. Do I need to attach my 2010,2011 W2 forms along with these forms ?

    Can you please tell me how I should calculate penalty/interest that I will have to pay if any ? Also, what is the process of requesting a waiver of penalty ? Is there any IRS form that I will have to submit for penalty waiver ?

    Thanks in advance.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Mar 21, 2013, 06:27 AM
    No W-2s are needed with the amendments. On page #2 of the Form 1040x, simply ask that they waive penalties abd interest.

    They may waive the penalties, but probably NOT the interest.
    sidp15's Avatar
    sidp15 Posts: 6, Reputation: 1
    New Member
     
    #3

    Mar 21, 2013, 01:37 PM
    How should I calculate interest/penalty ? Should I mail them a check of (taxes I owe+penalty/interest) or will they contact me after I submit the amendment ?
    By the way what should be the payee's name on the check ? Thanks.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #4

    Mar 21, 2013, 02:00 PM
    Let the IRS do these calculations, then bill you.
    sidp15's Avatar
    sidp15 Posts: 6, Reputation: 1
    New Member
     
    #5

    Mar 21, 2013, 02:25 PM
    Shouldn't I include even the check with 1040x for the taxes I owe ?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #6

    Mar 21, 2013, 04:06 PM
    I did not say "Don't mail a check"! Mail the check for the extra tax you owe.

    Just let the IRS calculate the interest and penalties.
    sidp15's Avatar
    sidp15 Posts: 6, Reputation: 1
    New Member
     
    #7

    Mar 21, 2013, 04:15 PM
    Thanks for the quick reply.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #8

    Mar 21, 2013, 04:48 PM
    Glad to help!

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

401K 10% tax penalty WAIVER [ 5 Answers ]

I was laid off in May form my company. My 401k was placed into an account at heiwitt and I am now in need to request a payment due to hardship. Is there a way to waiver th 10% tax penalty?

401-K Early withdrawal penalty and 10% penalty added to Income as well line 58 Tax? [ 5 Answers ]

Hello! My question is: I added the 10% penalty on line 30 of form 1040 to my adjusted gross income on top of my taxable amount of my withdrawal... Next I added the 10% penalty on line 58 (additional taxes on withdrawal), which was then added to my total tax amount. Is this the correct way to do...

Early IRA distribution - requirements for hardship waiver of 10% penalty [ 10 Answers ]

Where can I find the specific requirements and procedure for obtaining a hardship waiver of the 10% penalty for early distribution from a traditional IRA?

I already got J1 waiver. Then my J1 was extended.Do I need to apply again for waiver? [ 4 Answers ]

Hello, I am on a J1 visa. I got my waiver for the 2 year rule couple months ago. But after getting the waiver, my university extended my J1 status. My question is: is the waiver still good or do I need to apply for a waiver again? We are about the start the H1 process.


View more questions Search