The only amending I made on the tax return was form 4562 by increasing the one and only vehicle's depreciation by using section 179 linked to a Schedule C business. This obviously changed the numbers on the Sch C and 1040 form but not the Schedule A, 8829, D and a few others.
What to mail in on amended return?
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Every form that changed, BUT
The only amending I made on the tax return was form 4562 by increasing the one and only vehicle's depreciation by using section 179 linked to a Schedule C business. This obviously changed the numbers on the Sch C and 1040 form but not the Schedule A, 8829, D and a few others.
However, I have been known to send EVERYTHING. I remember the first time I did a SS lump sum election. They completely missed the yellow highlighted "LSE." After that, I always send the worksheets.Last edited by RitaB; 03-12-2009, 09:12 AM.If you loan someone $20 and never see them again, it was probably worth it.Comment
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LTOnly in government or politics is a "cut in spending" really an increase. It's just not as much of an increase as they wanted it to be, therefore a "cut".Comment
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Good catch, taxmom34, but since it's 2007...
Manner of Making an Election or Revoking an Election Under Section 179
The final regulations provide that for any taxable year beginning after 2002 and before 2008, a section 179 election or a revocation of a section 179 election may be made on an amended Federal tax return for that taxable year to which the election or revocation applies. For any taxable year beginning before 2003, a late section 179 election or a revocation of a section 179 election generally is made by a taxpayer submitting a request for a letter ruling. Accordingly, the final regulations clarify that a section 179 election or a revocation of a section 179 election generally must not be made in any other manner (for example, a section 179 election or revocation of a section 179 election cannot be made through a request under section 446(e) to change the taxpayer’s method of accounting).If you loan someone $20 and never see them again, it was probably worth it.Comment
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