DIY Products

DIY Products

Whether you’re an experienced do-it-yourselfer or doing your own taxes for the first time, this is your place to learn and share. Here you’ll find information and resources for using H&R Block’s online and software DIY solutions. You’ll also find links to more information to assist you on your DIY journey.

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Pioneer
Posts: 1
Registered: ‎03-05-2014

Need to amend 2012 taxes due to a 1099R. How do I calculate tax penalty? We now owe about $2300

We filed our 2012 taxes and received a refund.  After filing we realized we forgot to include a significant 1099R.  We have already filed our 2013 taxes successfully and need to send in amended 2012 taxes.  How do I figure out the approximate amount of tax penalty we will have to pay?  We will be owing about $2300 in fed taxes.  Thank you.

Associate (Pioneer)
Posts: 336
Registered: ‎02-17-2014

Re: Need to amend 2012 taxes due to a 1099R. How do I calculate tax penalty? We now owe about $230

Welcome to the Community, this is a good question. To find out how to figure out the amount of tax penalty you will have to pay; please login and Ask A Tax Advisor, follow the steps below to ask:

  1. type in a term in the Search box at the top of the screen.
  2. Press Enter to display search results.
  3. Click Contact H&R Block at the bottom of the search results.
  4. Click the Go button under the Tax Rules Question? section.
  5. Click Chat Now and follow the prompts to begin a chat with a Live ATA.

NOTE: If the Live ATA Chat is not available due to Hours of Operation, the button will be grayed out and the client will need to send an e-mail to a tax professional.