Turbotax 1040x3/20/2023 Those filing their Form 1040-X electronically and on paper can use the Where's My Amended Return? online tool to check the status of their amended return. Taxpayers 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. ![]() A simple tax return is one that's filed using IRS Form 1040 only, without having to attach any forms or schedules. Free filing is only available in certain products. Additional improvements are planned for the future.Ībout 3 million Forms 1040-X are filed by taxpayers each year. If you have a simple tax return, you can file with TurboTax Free Edition, TurboTax Live Assisted Basic, or TurboTax Live Full Service Basic. It makes submitting an amended return easier and it allows our employees to process it in a more efficient way," said Ken Corbin, the IRS Wage and Investment commissioner and head of the division responsible for processing these returns.įor the initial phase, only tax year 2019 Forms 10-SR returns can be amended electronically. ![]() "Adding the 1040-X to the e-filing portfolio provides a better experience for the taxpayer, all around. It also makes it easier for IRS employees to answer taxpayer questions since the data is entered electronically and submitted to the agency almost simultaneously. Since the tax-filing software allows users to input their data in a question-answer format, it simplifies the process for them. The new electronic option allows the IRS to receive amended returns faster while minimizing errors normally associated with manually completing the form. It's 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 for the tax software and tax professional industry for years. The addition helps taxpayers have a quicker, easier way to file amended returns, and it streamlines work for the IRS and the entire tax community." This is another success for IRS modernization efforts. Our IT and business operation teams worked hard with the nation's tax industry to make this change possible. "Given the details needed on the form, there have been numerous challenges to add this form to the e-file family. "The ability to file the Form 1040-X electronically has been an important long-term goal of the IRS e-file initiative for many years," said Sunita Lough, IRS Deputy Commissioner for Services and Enforcement. Today's announcement follows years of effort by the IRS, and the enhancement allows taxpayers to quickly electronically correct previously filed tax returns while minimizing errors. ![]() Individual Income Tax Return, has been one of the last major individual tax forms that needed to be paper filed. WASHINGTON - Marking a major milestone in tax administration, the Internal Revenue Service announced today that taxpayers can now submit Form 1040-X electronically with commercial tax-filing software.Īs IRS e-filing has grown during the past 30 years, the 1040-X, Amended U.S. Major IRS milestone helps taxpayers correct tax returns with fewer errors, speeds processing
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