Get Form 140x For Year 2014

If you need to change or amend an accepted Arizona State Income Tax Return for the current or previous Tax Year you need to complete Form 140X. Form 140X is a Form used for the Tax Return and Tax Amendment. You can prepare a 2020 Arizona Tax Amendment on eFile.com, however you can not submit it electronically.

Errors on tax returns are common, even when filing as a professional. Form 1040X allows tax preparers like you to modify information that was incorrectly submitted on your client's return. If a client fails to disclose information like a W-2 or a side gig, you will need to amend their return.

Only in August 2020 did the IRS enable e-filing of amended returns, and then only for 2019 amended returns. Previously, the IRS warned taxpayers that processing times for amended returns were generally 8 to 12 weeks. With the mail backlog, processing of these returns has been delayed by months.

This is because filing a 1040X form is only necessary to correct certain types of errors or omissions on an original tax return after it's been filed with the IRS. ... If you do claim a new deduction or tax credit that requires additional forms or schedules, you must be sure to file them with the 1040X.

If you amend your return before it is due (before April 15), then your amendment is timely, and no interest or penalty will accrue. Also, the IRS can be quite reasonable, especially for a first-time mistake. Attach a statement with your amended return, and specifically ask for an "abatement" of any penalty.

An amended return is a form filed in order to make corrections to a tax return from a previous year. An amended return can be used to correct errors and claim a more advantageous tax status such as a refund. For example, one might choose to file an amended return in instances of misreported earnings or tax credits.

You must use Form 140 rather than Form 140A or Form 140EZ to file if any of the following apply to you: Your Arizona taxable income is $50,000 or more, regardless of filing status. You are making adjustments to income. You itemize deductions.

If you filed your original Form 1040 before the April 15 due date adjusted for weekends and holidays you're considered to have filed the return on April 15 for purposes of the three-year rule. ... Based on the three-year rule, you have until April 15, 2020, to file an amended 2016 return and claim your refund.

When you use Form 1040X to claim additional deductions or credits or to correct an error that reduces the amount of tax you owe for that year, the Form 1040X serves as your formal claim for a refund.