Can I still file an extension after already e-filing my tax return for 2025?

Thanks for the quick response! I was hoping there might be some way to "undo" my original filing before the IRS processes it. Does it matter if I wait for my original return to be processed before filing the 1040-X, or should I file the amendment right away? Also, you mentioned FBAR - do I need to worry about that too? My foreign accounts are around $15,000 total.

You don't need to wait for the original return to be processed before filing your 1040-X. You can prepare and submit your amended return as soon as you're ready. The IRS will match it up with your original return in their system. Regarding FBAR (FinCEN Form 114), the filing threshold is $10,000 - if the aggregate value of all your foreign financial accounts exceeded $10,000 at any time during the year, you need to file it. With accounts totaling around $15,000, you would need to file an FBAR. This is separate from your tax return and must be filed electronically through the FinCEN BSA E-Filing System by April 15, though there's an automatic extension to October 15 if you miss the April deadline.

Does taxr.ai handle amended returns too or just initial filings? I'm in a similar situation but with foreign rental income I forgot to report. Was it expensive? I'm worried about getting hit with penalties.

How does it compare to just using a regular tax professional? I'm skeptical about AI systems for complex foreign account issues. Did you still need to submit the forms yourself or did they handle that part?

They definitely handle amended returns - that's actually what I used them for. Their system compares your original filing with what should have been filed and creates a complete amendment package. For handling forms, they prepare everything, but you still submit them yourself. They give you detailed filing instructions specific to your situation. The whole process felt more thorough than when I used a tax pro previously because they specifically focus on international tax issues and use technology to catch things humans might miss. Their system showed me side-by-side comparisons of what I originally filed versus what needed correction.

How does Claimyr actually work? Do they just keep calling the IRS until they get through? Seems too good to be true considering how impossible it is to reach the IRS these days.

Yeah right. No way you got through to the IRS in 20 minutes. I've been trying for weeks and can't get past the automated system. This seems like an ad or something. Did you actually talk to a real person or just the automated system?

They use a combination of automated systems and actual people. They navigate all the phone menus and hold times for you, then when they finally reach a human agent at the IRS, they connect you directly. It's not that they have special access - they're just handling the frustrating waiting part for you. I was skeptical too, which is why I tried it. I was genuinely shocked when I got the call back saying "We have an IRS agent on the line, connecting you now." It was a real person who answered specific questions about my amendment situation. The IRS still has long wait times - Claimyr just handles that part so you don't have to keep your phone tied up all day.

That's terrifying! Did you end up actually having to pay the full $10k penalty? Were you able to get it reduced at all? I'm freaking out now because my accounts were inherited from my grandmother and I honestly didn't realize I needed to report them since the interest was only like $300.

I was eventually able to get the penalty reduced to about $1,200 after going through a formal appeal process and demonstrating it was an honest mistake. The key was that I voluntarily amended my return before they discovered it. In your case, with such a small amount of interest and the fact that you're correcting it immediately, you might qualify for a complete penalty waiver under their "reasonable cause" exception. Make sure you include a detailed letter explaining that you inherited the accounts, were unaware of the reporting requirements, and are now voluntarily correcting the oversight as soon as you discovered it. The IRS is more understanding with inherited accounts since many people don't realize the reporting requirements apply to those too.

That's actually incorrect advice. Form 14653 is only for U.S. persons who have been living abroad. Based on the original poster's mention of filing a California state return, they likely don't qualify for the Streamlined Foreign Offshore Procedures. They would potentially qualify for the Streamlined Domestic Offshore Procedures, which uses Form 14654, not 14653. However, even that program is generally for taxpayers who have failed to report foreign accounts for multiple years, not just a single oversight on a recently filed return. For a simple correction of a recent return where foreign interest was omitted, a standard 1040-X amendment is usually the appropriate approach, along with filing any required FBAR forms.