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What Are the Different Types of Amended Tax Returns?

Understanding the different types of amended tax returns, from individual income to corporate and excise taxes, allows you to make necessary corrections and adjustments to previously filed returns.

Oct 20, 2024 at 03:59 pm

What Are the Different Types of Amended Tax Returns?

Filing an amended tax return allows you to make changes or corrections to a tax return you've already filed. Different types of amended tax returns exist depending on the specific reasons for amending.

1. Form 1040-X: Amended U.S. Individual Income Tax Return

  • Used to make changes to an individual's previously filed Form 1040.
  • Can be filed to report additional income, correct errors, or claim additional deductions or credits.

2. Form 1040-NR: Amended U.S. Nonresident Alien Income Tax Return

  • Filed by nonresident aliens who need to make changes to their Form 1040-NR.
  • Typically used to report additional income earned in the United States or correct errors in the original return.

3. Form 1120-X: Amended U.S. Corporation Income Tax Return

  • Used by corporations to make changes to their previously filed Form 1120.
  • Can be filed to correct errors, report additional income, or claim additional deductions or credits.

4. Form 941-X: Amended U.S. Employer's Quarterly Federal Tax Return

  • Filed by employers to correct errors on their quarterly payroll tax returns (Form 941).
  • Typically used to adjust withholdings, report additional wages, or claim tax credits.

5. Form 720-X: Amended U.S. Excise Tax Return

  • Used to make changes to an excise tax return (Form 720).
  • Can be filed to correct errors, report additional taxes due, or claim refunds.

6. Form 1065-X: Amended U.S. Return of Partnership Income

  • Used by partnerships to make changes to their previously filed Form 1065.
  • Can be filed to correct errors, report additional income, or claim additional deductions or credits.

7. Form 1041-X: Amended U.S. Income Tax Return for Estates and Trusts

  • Filed by estates and trusts to make changes to their previously filed Form 1041.
  • Can be used to correct errors, report additional income, or claim additional deductions or credits.

8. Form CT-1, CT-6, or CT-7 Return Amended Return

  • Filed by Delaware, Ohio, or North Carolina business owners to make changes to their previously filed business tax returns.
  • Can be used to correct errors, report additional income, or claim additional deductions or credits.

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