Amending the 1040: Filing 1040X (Currently Unavailable)

Author: Eva Rosenberg, Kris Hix

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 1040X, 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.

Publication Date: September 2016

Designed For
Enrolled Agents, CPAs, Tax Attorneys, AFSPs or taxpayers who want an in-depth explanation of the process to amend individual tax returns.

Topics Covered

• When to use the Form 1040X
• When to use the Form 1045
• Common reasons for filing an amended return
• Statutes of limitations on filing amended returns
• When you should not file an amended return
• Can you amend after an audit, Appeal, or Tax Court decision?
• Alternatives to filing an amended return
• 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
• Sample 1040X
• Sample 1045

Learning Objectives

• Recognize how to prepare a Form 1040X correctly
• Recognize how to prepare a Form 1045 correctly
• Identify how to search the Tax Court database for similar cases
• Differentiate circumstances when a Form 1040X or a Form 1045 not be filed
• Recognize reasons not to amend your return
• Identify which items should be attached to the 1040X
• Differentiate when the "Where's My Amended Return" tool is useful and how to best utilize it
• Recognize what additional material must be attached to the 1040X when amending to include the Dependent Care Credit
• Identify which amended return may not be filed electronically
• Recognize the statute of limitations when the amended return contains the Foreign Tax Credit or Deduction
• Differentiate statements regarding Superseded Returns
• Identify what should be included with the 1040X when amending for a carryback claim
• Recognize a good strategy to use when unsure of a position
• Identify what could cause a delay when amending a return

Level
Intermediate

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
A basic understanding of tax preparation.

Advance Preparation
None