amended return amended return

Definition(s):

  • (n) a tax return that corrects the information in an earlier return

Usage(s):

  1. To make a claim from previous years, file a 1040X amended return.
  2. Those who have paid the AMT in error will have to file an amended return, Form 1120X, to get a refund.
  3. Those who have paid the AMT in error will have to file an amended return, Form 1120X, to get a refund.

News

  • IRS FBAR Voluntary Disclosure Program: Taxpayer Interviews

    The IRS has been operating an offshore voluntary disclosure program (the OVDP which began in 2012), modeled after similar voluntary disclosure programs in 2009 and 2011, providing U.S. taxpayers having undisclosed interests in foreign financial accounts a vehicle to come into compliance. Taxpayers participating in the OVDP generally agree to file amended returns and file Forms 90-22.1, Report of ...
    on June 13, 2013     Source: Forbes

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