Amending Business Income Tax Returns
Author: Barbara Weltman
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC |
This course covers 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.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2029 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN cardPublication Date: May 2026
Designed For
CPAs, Enrolled Agents, Tax Return Preparers, Tax Attorneys
Topics Covered
- When to file or not file an amended return
- Determining when an amended return MUST be filed
- Time limits for filing amended returns seeking a refund
- Amended returns for C Corporations
- Completing Form 1120X
- Amended returns for S corporations
- Amended returns for partnerships
- Determining when to use Form 1065 marked as amended or Form 1065-X
- Completing Form 1065-X
- Rules for filing through the MeF program
Learning Objectives
- List situations for filing or not filing amended returns
- Explain how to complete Form 1120X
- Explain how to file an amended Form 1120-S
- Describe whether to file Form 1065 or 1065-X when amending partnership returns
- Identify how many months the IRS has indicated that it can take to process an amended return
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
None
Advance Preparation
None
