This course is also available as part of a bundle called “When Things Go Wrong & How to Fix It.” You can save money by purchasing the bundle.
Sometimes life gives us second chances. It’s what we do with those second chances that counts.
Luckily for taxpayers, an original return doesn't have to be the final return for the tax year. The IRS provides filers with a second chance to file, and the second filing is known as an amended return. What should tax preparers know about amended returns? How can preparers help filers make this second chance count? This course will be a detailed look at the topic, including a line-by-line review of the form that is used to file amended returns and an examination of examples and case studies.
After completing this course, you will be able to:
- Identify when and why an amended return should be filed
- Prepare an amended return using Form 1040-X
- File and track an amended return
