Reversing a district court decision, the Ninth Circuit rejected a husband and wife's argument that the common law mailbox rule allowed them to claim a refund on an amended return
the IRS said it never received.
An amended return
is filed to make corrections, additions or omissions to returns already declared, provided they have not yet been issued letters of authority from the BIR.
Taxpayers eligible for these benefits can avoid delays or possibly needing to file an amended return
later, by filing after IRS systems have been updated to reflect these changes.
It is common knowledge that a taxpayer can file an amended return
to correct items on a previously filed return.
The CCA holds that a strict reading of the tax code suggests that the penalty under IRC [section] 6694(b) could technically apply if the amended return
is signed by the return preparer or if the unsigned amended return
When a taxpayer files an amended return
reporting additional tax within 60 days before expiration of the assessment limitation period, Sec.
Self-employed taxpayers who have already filed a return using the higher federal rate do not need to file an amended return
What if, however, the issue is not the preparation of the original return, but instead the decision whether to prepare and file an amended return
? Assume that a corporation that is concerned about the accuracy of its original returns retains a lawyer to advise it whether to amend that return or, instead, to hunker down and hope that the IRS remains blissfully ignorant of the under-reporting.
The credit applies retroactively to January 1, 2004, so if you paid the special tax last year but didn't claim the credit on your 2004 return, you can still claim it on an amended return
Recipients who already paid tax on benefits received for deaths after the effective date may file an amended return
on Form 1040X, reducing their adjusted gross income by the $3,000 they had reported as taxable.
If you received seller-paid points in 1991, 1992 or 1993, you can file an amended return
for the year you bought the house.
It may be to one's advantage, however, to file an amended return
to correct past noncompliance.