IRS Form 1040-X (Amended Returns) Can Now be E-Filed
Earlier this month, the Internal Revenue Service(IRS) announced that it will start accepting Form 1040-X (Amended Return) electronically.
" The ability to file the Form 1040-x has been an important long term goal of the IRS e-file initiative for many years" said Sunita Lough, IRS Deputy Commissioner for Services and Enforcement.. She went on to say that "This is another success for IRS modernization efforts. The addition helps tax payers have a quicker, easier way to file amended returns, and it streamlines work for the IRS and entire tax community".
For the initial phase, only tax year 2019 Forms 1040 and 1040-SR returns can be amended electronically. Additional improvements are planned for the future.Approximately 3 million Amended Returns are filed by taxpayers each year.
Taxpayers still have the option to submit a paper version of the Form 1040-X and should follow the instructions for preparing and submitting the paper form.
W.A. Anderson Consulting | 08/25/2020