Original 2022 efiled. How to efile amended

[Brett]

I have a client that did not include several interest income statements.   They finally received this week after they told me they had none originally.   Need to amend return.  How do I efile the amended return.   Do I create copy of original or do it in the original return which I have marked complete.  ANy help would be appreciated.  Thanks in advance.

 

Brett

 

[BulldogTom]

Assume you are in ATX.   Open the Completed return.   Upper left corner above the save button is the "Returns" menu drop down.   Select "Amend Return".   After ATX creates the new return, close the original return without saving.   Make your changes to the new return.   Save and name the new return.  

Tom
Longview, TX

 

[Pacun]

I would add, create the new efile file and then transmit it. 

Don't forget to explain that you are adding 1099-int that were left out and as a result lines, 1, 3 and 5 are changing as well as the tax liability and other lines.

[Max W]

I would wait until after the filing deadline to file a 1040X, because if it is filed before that it is a Superceded Return. The software has 2 check boxes on the *1040X input page for this.  One box is for Efiling, the other for paper filing where "Superceded return" is printed.  There is a major difference: for an amended return where you only need to add the interest on Sch B and send that.  For a Superceded return. it wipes out the original return and an entire new return has to be filed.

If the total Interest is lesss than $50, or the resulting tax is less then $14, no amended, or superceded return needs to be filed.

* I use Drake, but assume all tax software has something similar.

[Pacun]

There is no way to super cede a return using efile, as the second 1040 will be immediately rejected by the IRS efile "acceptance department". The only way to be efile-accepted is with a regular 1040X.

 

[TexTaxToo]

3 hours ago, Pacun said:

There is no way to super cede a return using efile

Last year, the IRS started allowing efiling of superceding returns: https://www.irs.gov/newsroom/irs-taxpayers-now-have-more-options-to-correct-amend-returns-electronically

But not all software supports it.

[Catherine]

On 2/21/2023 at 9:29 PM, TexTaxToo said:

But not all software supports it.

I thought that Drake (my software) has a choice for "Frist Amended/superceded return" and thought it was both cool and about time.

[mcb39]

A few of these this year so far.  I create a copy of the accepted return.  Select Amend return.  Create the amendment and e-file the amended return.  I have had no rejection of these so far.

[Abby Normal]

13 minutes ago, mcb39 said:

I create a copy of the accepted return.  Select Amend return.

Selecting Amend while in the original return, automatically creates a copy. If you make a copy then choose amend in the copy, I suspect you'll end up with 3 returns.

[Abby Normal]

12 hours ago, Catherine said:

I thought that Drake (my software) has a choice for "Frist Amended/superceded return" and thought it was both cool and about time.

I've never understood the point. My understanding is that if you amend before the due date, including extensions, then it is considered superseding. But either way, the final numbers are the same, so who cares.

[mcb39]

27 minutes ago, Abby Normal said:

Selecting Amend while in the original return, automatically creates a copy. If you make a copy then choose amend in the copy, I suspect you'll end up with 3 returns.

Nope!  Only ended up with 2.

[jklcpa]

1 hour ago, Abby Normal said:

I've never understood the point. My understanding is that if you amend before the due date, including extensions, then it is considered superseding. But either way, the final numbers are the same, so who cares.

There are differences between superseded and amended returns for statute of limitations pertaining to assessments and also for refund claims. The following article has a good summary of the issue, and also the difference between IRS view and the Supreme Court view on this.

https://www.thetaxadviser.com/issues/2021/jul/superseding-returns-statutes-limitation.html

[Abby Normal]

But the point remains that if you file an amendment before the due date with extensions, it's superseding, and if after it's not. And there's not a damn thing you can do about that. But it does lend credence to extending all returns, even those that were completed on time.

[Abby Normal]

4 hours ago, mcb39 said:

Nope!  Only ended up with 2.

But still you added an unnecessary step.