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Tuesday, April 18, 2017

Another example of 20th century tax compliance

Happy Tax Day!  One of the email alerts I received from the IRS today was Tax Tip 2017-48, Helpful Tips to Keep in Mind When Amending  Your Tax Return. I want to focus on tip #1 of the nine provided.  Here it is:

"File using paper form. Use Form 1040X, Amended U.S. Individual Income Tax Return, to correct the tax return. Taxpayers can’t file amended returns electronically. They can obtain the form on at any time. Mail the Form 1040X to the address listed in the form’s instructions."

So, two questions:
1. Why can't the IRS accept e-filed amended returns?
2. Why can't we just log onto our taxpayer account at the IRS and fix the error?

I think this might change once the IRS rolls out its Future State system for taxpayers (and perhaps practitioners too) to use. We'll see.

What do you think?


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