Search This Blog

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 IRS.gov/forms 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?

5 comments:

Abhilasha said...

Thanks for your posting .
Keep posting like this is very helpful For us
I have found something new in this Article.

Varun Nithya said...

not too bad article which passed on a tolerable information.awaiting for more updates along these lines.
Self Employment Tax
Tax Preparation Services
Tax Accountant
Tax Advisor

shiwani said...

I recently found your page and so far I love it. Keep up the good work. You have done an excellent job with your writing.
Company registration in India

Glance Consultants said...

Thanks for sharing the information related to financial professionals. Keep on updating us with your articles.
Accountant Burwood

Tax return Burwood

Shruti said...

Thanks for sharing such a great blog. I find this on google thats is very informative for me.
Company Registration | Chartered accountant