#TURBOTAX 1040X EFILE 2020 SOFTWARE#
"Adding amended returns to the electronic family also complements our partnership with the tax software industry, which continues to work with us to provide better ways to help taxpayers," said Ken Corbin, Commissioner of the IRS Wage and Investment division. Additional enhancements are planned for the future. In general, taxpayers will still have the option to submit a paper version of the Form 1040-X and should follow the instructions for preparing and submitting the paper form. The IRS only allows you to file an amended return on Form 1040-X to correct a tax return that you originally file on Form 1040, 1040-SR, 1040A, 1040EZ, 1040NR or 1040NR-EZ. Additionally, amended Form 1040-NR and amended Form 1040-SS/PR can now be filed electronically for tax year 2021. This is because filing a 1040-X form is only necessary to correct certain types of errors or omissions on an original tax return after its been filed with the IRS. Individual Income Tax Return electronically using available tax software products. When the electronic filing option becomes available, only tax year 2019 Forms 10-SR returns can be amended electronically. If you need to amend your 2019, 2020 or 2021 Forms 1040 or 1040-SR you can now file Form 1040-X, Amended U.S. Taxpayers can still use the " Where's My Amended Return?" online tool to check the status of their electronically-filed 1040-X. The new electronic filing option will provide the IRS with more complete and accurate data in an easily readable format to enable customer service representatives to answer taxpayers' questions.
Our teams have worked diligently to overcome the unique challenges related to the 1040-X, and we look forward to offering this new service this summer."Ībout 3 million Forms 1040-X are filed by taxpayers each year. But the big hurdle that's been remaining for years is to convert amended returns into this electronic process. "E-filing has been one of the great success stories of the IRS, and more than 90 percent of taxpayers use it routinely. "This new process is a major milestone for the IRS, and it follows hard work by people across the agency," said IRS Commissioner Chuck Rettig.
The new electronic option allows the IRS to receive amended returns faster while minimizing errors normally associated with manually completing the form. IR-2020-107, The Internal Revenue Service announced today that later this summer taxpayers will for the first time be able to file their Form 1040-X, Amended U.S Individual Income Tax Return, electronically using available tax software products.
#TURBOTAX 1040X EFILE 2020 PROFESSIONAL#
It's also been an ongoing request from the nation's tax professional community and has been a continuing recommendation from the Internal Revenue Service Advisory Council (IRSAC) and Electronic Tax Administration Advisory Committee (ETAAC).Ĭurrently, taxpayers must mail a completed Form 1040-X to the IRS for processing. Making the 1040-X an electronically filed form has been a goal of the IRS for a number of years. WASHINGTON - The Internal Revenue Service announced today that later this summer taxpayers will for the first time be able to file their Form 1040-X, Amended U.S Individual Income Tax Return, electronically using available tax software products.
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