Sharing: E-filing of Form 1040-X coming this summer

Technical topics regarding tax preparation.
#1
Keyad22  
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IR-2020-107, May 28, 2020

IRS announces Form 1040-X electronic filing options coming this summer; major milestone reached for electronic returns.

That's a good news. Sometimes clients filed tax return in Spring or Summer and then received late K-1 from Partnerships and I had to amended tax returns for them. I had to paper file 1040-X and State amendment. Now it is easier!
 

#2
belle  
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viewtopic.php?f=8&t=18441

And CA 540X can already be efiled
 

#3
Keyad22  
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Thank you!

Just find RightOn post the message last week and I did not check it first.

Sorry.

Just because I am so happy with the change.
 

#4
belle  
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No problem...and I wanted you to be aware that 540X's have been efile-able for a while. At least via Lacerte.
 

#5
JR1  
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YAY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Go Blackhawks! Go Pack Go!
Remembering our son, Ben Jan 22, 1992 to Aug 26, 2011.
For FB'ers: https://www.facebook.com/groups/BenRoberts/
 

#6
belle  
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Now boys.... don't get too excited.
Just because the IRS says available doesn't mean the software companies are gonna' jump right on it :-)
 

#7
JR1  
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Oh, that. Good point my glass half empty friend. lol
Go Blackhawks! Go Pack Go!
Remembering our son, Ben Jan 22, 1992 to Aug 26, 2011.
For FB'ers: https://www.facebook.com/groups/BenRoberts/
 

#8
Keyad22  
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belle wrote:Now boys.... don't get too excited.
Just because the IRS says available doesn't mean the software companies are gonna' jump right on it :-)


Agree.

I use CCH Prosystem fx Tax. The diagnostic code 41263 says: Amended Ca tax returns are not available for electronic filing.

:(
 

#9
belle  
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JR1 wrote:Oh, that. Good point my glass half empty friend. lol


Hey.... I'm not being pessimistic. I'm being realistic :lol:

Interesting that Lacerte allows 504X but Prosystem FX doesn't.
 

#10
Keyad22  
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Lacerte says they are updating 1040-X efiling and it will be available tomorrow.
 

#11
dave829  
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#12
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I filed my first amended return, and discovered that:

    Form 1040X: Direct deposit of refund is not allowed for e-file returns.

    E-File of Form 1040-X for Tax Year 2019 is only allowed when 1) the original return for Tax Year 2019 was e-filed and 2) no more than 3 Form 1040-X Amended Returns have been e-filed for Tax Year 2019.

4 amended returns per taxpayer or per E-file originator?
Please consider visiting this post where my question at the end has not been answered yet:
viewtopic.php?f=8&t=12065, thanks!
 

#13
lucyko  
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Anyone hear about the expected processing time for the electronic amended return ? It would seem it should be substantially cut down . From 16 weeks to ???
 

#14
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Does anyone know what forms, if any, are sent with an e-filed 1040X? If they are not attached automatically, should I PDF them with the e-filed return in Lacerte?
 

#15
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Anyone hear about the expected processing time for the electronic amended return ? It would seem it should be substantially cut down . From 16 weeks to ???


IRS weekly e mail: Because the IRS continues to work through backlogs, the normal processing time of up to 16 weeks for F1040X submitted on paper also applies to the electronic Forms 1040-X.
 


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