On May 28th 2020 the IRS announced that later this summer for the first-time taxpayers will be able to electronically file amended individual income tax returns.
This new process is a major milestone for the IRS. Although businesses had the option to file amended tax returns electronically, up until now, individual taxpayers could only file the amended individual income tax returns in paper format only, leading sometimes to errors, delays and frustration. Starting late this summer, you will have the option to file the amended return form 1040X electronically.
This new service is available starting only for tax year 2019 for the amendment of Form 1040 (US Individual Income tax Return) and form 1040SR (US Individual income tax return for senior citizens). The IRS has plans to have additional enhancements in future.
Electronic filing of amended individual income tax returns will not only eliminate errors associated with manual data entry, but will also help the IRS in receiving the returns faster, enabling the IRS to process the
You can continue to use the online tool “Where’s My Amended Return” available on the IRS website to check the status of the amended return form 1040X, irrespective of paper or electronic filing.
If you need help with amending a prior year tax return, give us a call.