Amending Corporate Form 1120: Form 1120X (Completed)

Date: Tuesday, January 17, 2017
Instructor: Eva Rosenberg, Kris Hix
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Law for CTEC
2 hours Federal Tax Related for EAs and OTRPs

Have you been having a hard time finding a course that provides filled in forms for amended tax returns? Well, here it is. We tell you what to enter on the various lines of the amended 1065 and amended 1120S, what forms, schedules and worksheets to attach – and best of all, what to communicate to the live IRS person who will reviewing your amendment request. The goal is to reduce the back-and-forth correspondence, to save time, to help you express your changes in the clearest way possible.

Who Should Attend
Enrolled Agents, CPAs, Tax Attorneys, AFSPs or taxpayers who want an in-depth explanation of the process to amend corporation tax returns (Form 1120)

Topics Covered

  • When to use the Form 1120X
  • When to use the Form 1139
  • Common reasons for filing an amended return
  • Statutes of limitations on filing amended returns
  • When you should not file an amended return
  • Corporate elections you could have made
  • Can you amend after an audit, Appeal, or Tax Court decision?
  • How to support your amended return — documentation
  • When to include legal citations with your amended return
  • How to learn the status of your amended return
  • Filing electronically or on paper
  • Sample 1120X
  • Sample 1139

Learning Objectives

  • Identify how to prepare a Form 1120X correctly
  • Identify how to prepare a Form 1139 correctly
  • Recognize how to search the Tax Court database for similar cases

Level
Intermediate

Format
Live webcast

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
A basic understanding of tax preparation.

Advance Preparation
None

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