This course will cover the rules for filing amended income tax returns for C corporations, S corporations, and partnerships. It provides you with an overview of why, when, where, and how to file an amended tax return for businesses.
Publication Date: November 2022
Designed For
CPAs, Enrolled Agents, Tax Return Preparers, Tax Attorneys
Topics Covered
- Details for completing Form 1120X
- Information about amending Form 1120-S
- Clarify whether to file Form 1065 or 1065X when amending partnership returns
Learning Objectives
- Identify various situations for filing or not filing amended returns
- Explain how to complete Form 1120X
- Describe whether to file Form 1065 or 1065X when amending partnership returns
- Identify within how many years after the date the business' original return was filed, including extensions, an amended return must be filed
- Identify the form a C Corporation uses to amend a tax return and the form that is filed to request a change in accounting method for a C Corporation
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
Instructor
Barbara Weltman
Barbara Weltman, JD, has written extensively on a wide variety of tax, small business, and financial planning matters for both professionals and the general public. The Wall Street Journal called her “the guru of small business taxes.” She is the author of a number of self-study programs for CCH. She is publisher of Big Ideas for Small Business® and Idea of the Day® found at www.BigIdeasForSmallBusiness.com and is a guest blogger for the SCORE and many other sites. Ms. Weltman is a graduate of Brooklyn Law School.