What to mail in on amended return?

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  • AZ-Tax
    Senior Member
    • Feb 2008
    • 2604

    #1

    What to mail in on amended return?

    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.
  • solomon
    Senior Member
    • Aug 2006
    • 1012

    #2
    The 1040X along with any schedules that changed.

    Comment

    • RitaB
      Senior Member
      • Jul 2008
      • 1382

      #3
      Every form that changed, BUT

      Originally posted by AZ-Tax
      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.
      I have not looked to see if instructions have changed, but it used to be that they wanted only forms that changed. Yes, the 1040X, too, of course.

      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

      • taxmom34
        Senior Member
        • Nov 2008
        • 732

        #4
        179 expense

        not sure if i remember right, but i thought you couldn't amend to change to 179 expense. thought it could only be taken on original return

        Comment

        • Gretel
          Senior Member
          • Jun 2005
          • 4008

          #5
          That changed two or three years ago, but I can't remember if just for some years or if for good.

          Comment

          • thomtax
            Senior Member
            • Nov 2006
            • 1276

            #6
            Originally posted by taxmom34
            not sure if i remember right, but i thought you couldn't amend to change to 179 expense. thought it could only be taken on original return
            The original post does not say what year is being amended. If the amended is for the current year, it is my understanding that an amended return received by April 15 is not technically an amended return, but instead replaces the first return received as the filing.

            LT
            Only 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

            • AZ-Tax
              Senior Member
              • Feb 2008
              • 2604

              #7
              Amending 2007 tax return

              Amending 2007, I would think my ProSeries tax software would have or should I say I hope it would have generated an error if one cannot amend to obtain sect 179. So can I amend to take a section 179?

              Comment

              • RitaB
                Senior Member
                • Jul 2008
                • 1382

                #8
                Good catch, taxmom34, but since it's 2007...

                Originally posted by AZ-Tax
                Amending 2007, I would think my ProSeries tax software would have or should I say I hope it would have generated an error if one cannot amend to obtain sect 179. So can I amend to take a section 179?




                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).
                Last edited by RitaB; 03-12-2009, 12:17 PM. Reason: title
                If you loan someone $20 and never see them again, it was probably worth it.

                Comment

                • AZ-Tax
                  Senior Member
                  • Feb 2008
                  • 2604

                  #9
                  So am I reading this correctly that the final regulations are

                  allowing my client to elect sect 179 on my clients 2007 amended tax return w/o changing the accounting method?

                  Comment

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