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- เผยแพร่เมื่อ 9 ส.ค. 2018
- You can follow the link below to get the current version of this self-calculating form. But before you download it please click Like and/or Subscribe. The software is free, so it's a small price to pay. Thanks. Much appreciated. www.pdftax.com/
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This is the only video on TH-cam that gets down to the point on how to amend your tax return when a new w2 is received. Thank you sir!
Yesss thought it was just me
This is a great walk through. All the tax services in SA TX charge $148 for this. You are doing gods work my brother, keep it up!!!!!
I had to re-watch one area and finally the lightbulb went off and finally got this amend done. So glad I found this you tube channel. Thank you for explaining how to fill this out.
I would like to say that you are extremely helpful and so are your self-calculating forms. I can't thank you enough for taking the time out of your life to do this!
You're very welcome!
Great form and helped me out a lot. I had 1098 correction that increased my deductions. Just getting around now to do it ....$300. Watching you also helped me where my error was.
Thank you John, for this step by step video! I had to watch the video at least a dozen times... and it took me 4 hours to flip back and forth from the video to my 1040x form to finish both pages. I wanted to be certain that all of my calculations were done correctly!! I didn't have the money for a tax consultant to help me complete the form, and your video saved me a nice chunk of money! (Maybe not the time, but now I know how to do it myself!) Again, thank you so much, this video was VERY helpful for me.
Who’s here because they didn’t get their stimulus check because your parents filed you as a dependent
I'm here cuz I accidentally said I was a dependant.
@@red_astr0382 did you figure out how to fill it out? I'm on the same boat as you
I'm here cuz we got married 2- 14-2020 and filed our taxes too and it wasn't noticed.
@@babyjudyx212 I'm sorry but I'm in the same situation, can you help me and answer a couple of questions?
This video helped me file for my military severance pay taxes. Thanks so much!
U figured out to fill out the form for severance pay .. I have a some questions about it... when he fill out the changes and add the taxes and etc.. we will leave the open.. right.. since it should not be taxed...help please...I wish a example could be shown for the ones filing the Severance pay...
Thank you so much, this helped me after I had a w2 sent to the wrong address therefore had to fill out a 1040X
thank you so much, you just saved me from paying a tax preparer
That was seriously professional! Thank you, I think I can do this!
Turbotax entered my 401K distribution under pension & annuity instead of line 4a. Not sure if that's right but they uploaded my 1099 right from John Hancock!
LIKED and SUBBED. Oops... I don't see 2020 1040-X on your self-calculating forms list anymore.
Thank you for doing this. Worked like a charm. Thank you again.
Great job for providing this service
Thanks! Just saved me $200 that H&R Block wanted to charge me.
SAME
Thank you so much! I was getting frustrated, figuring out how to do taxes on my own, but you made the process much easier for me.
A common unanswered question goes to entry format. Whether a blank is equivalent to zero. For example, if taxable income at line 11 is zero, my accountant entered nothing additional on the form through and including line 23.
There are a HUGE number of things like this that written or video form information ignores as if everyone "just knows".
FINALLY someone who speaks English. Thanks so much for this video boy imma tell ya I was bout to mess up big time in this form til I watch this video damn dodged bullet on that one phew
Thank you so much for the video. Are we to put the non refundable credit anywhere and if so where? Ex. form 8863 a portion is showing up on 1040 line 50 and then the other part of the credit is 1040 line 68 but on the amended it is only asking for line 68 in the original amt. Thank you
Thank you so much. Helps a lot and saved me from amendment!!!
Very helpful video, thank you! What forms must I include with this? Do I include my original 1040 form with it?
Thanks for explaining this so clearly!! So I have one more week to amend my 2020 tax return?
Thank you for making this step by step! Super helpful! Quick question, if only one spouse has a corrected W2 do we still document both wages/taxes. Additionally, how will they know which individuals W2 is being corrected (or does it not matter)?
John, If I have business (organizational/startup) expenses from my single-member LLC, I was told I can add them to my personal taxes (Schedule C). I want to amend my original 1040, using 1040X/Schedule C, to include these expenses. Doable you think? Thank you SO very much for the videos & resources, you are truly AWESOME!!
Thanks for sharing. So if i do not agree with the IRS , should i just re enter the same figure onto the 1040x to confirm that I did not owe anything? Appreciate any suggestion and help.
I can't find in my original 1040 any checkbox in the line 11a. Should I use the value Table as you did or I should leave it empty. Thanks so much for this video. It was super helpful.
Hi John:
Thank you very much for this video and the other videos that you've produced. They are very educational and informative.
My question to you is that on line 5 of the 1040x, your calculator does not take into consideration when a number in this line is less than zero. I think the instruction on line 5, says that if the amount is less than zero, we should enter zero. I now have a situation where my amount in that line is a negative number, and I have tried to override it to make it a zero, but it is not allowing me to do so, without disabling the entire program calculator. Because I am not able to make the number on this line zero, I am not sure the effect this might have on the rest of my 1040x calculations.
Do you have any suggestions?
I will appreciate any help that you can render.
FD
Thank you for your valuable input. Much appreciated. This is obviously something that needs to be fixed. And it has been. You can download an updated version of 1040X here:
www.pdftax.com/
Thanks so much for this video! I have a question I need to make an amendment after receiving the refund payment, I received my 1099 R in the mail. taxes were taken out the distribution before it was dispersed but how would I document the amount I got for the tax refund payment on the 1099x form ?
TY TY TY REALLY HELPED OUT
So I filed about a month ago and already got my return but then robinhood sent me my 1099 since I'm new I didn't know I was getting one since I only made $211.17. So what do I do?
Did you ever figure this out?
Hi very good video but still a little confused. But my question on this form it includes the previous w2 s and the one you might have forgotten as well?
Thanks for the video.
I have a very, very time sensitive question. For line 5 of the 1040 X Rev July 2021. For line 5 it says subtract line 4b from line 3. If result is zero or less, enter 0. Which column do I put the zero sum? My relative had no taxable income so would I put the zero in column A B or C?
Thanks for the video. What if I forget to report a 1099-D (for dividends) because I received the form later after I’ve already filed my taxes. Where do I enter the dividend income? It’s around $160 total
What do I enter in column A, B, and C if I am amending my 2018 tax from HOH to MFJ? Both of us filed HOH in 2018
I received two w2 and both corrected. I filed the corrected one now I need to amend it with w2c. I'm stuck with the boxes 3-6,they appear with negative signs. What this could be
Thank you. This is helpful. I need help on the 1040x, My friend took out 35,000 during covid time. She didn't have to pay back for 3 years. Now the IRS asked her to file a deficiency and along with 1040x for her 2020 tax year. How would she go about doing this?
Do you have any idea of what other documents do I need to put inside the envelope along with my 1040x?
I have a rental property and had many repairs done. When I filed I used an online service that didn't allow depreciation using the form 4562. Can I use the 1040x to amend that return and would I also send in a form 4562 for depreciating the cap ex improvements of around 20k?
My dad's SSDI was reported as income and he needs to amend it. Do we use just the form 1040x to make corrections? Oh and the kept his SSA-1099
Hi Sir, this is such a great explanation. I just have one quick question. I was wondering what other documents I would have to send along with my 1040-X form. Could you please let me know?
Thank you, this was very helpful, butt question is what do I do with line 7? My original form is 0 for credits, but in the instructions for an amendment, it states : If you made any changes to Form 1040x,lines 1-6, be sure to refigure your original credits
Hello, I filed ira 2k in original tax, but was denied at bank because pass the dead line of 4-18-22?
Please advise. Thank you 🙏
Ps. Do you have to send in all the original ( 1040, schedule a,b etc...) again with this amended one ?
Sir, How long one can revise or amend their return? Is there penalty for fing 1040x?
If all I need to do is remove a dependent would I not fill out anything for the tax part of the form & only adjust the dependent box on the 2019 form?
If so, which box is it?
Thanks for posting this. It really pointed me in the right direction!
THANK YOU!!!!!!!!!!!!
I accidentally put myself as dependent instead of independent, what would I need to change? Also, since I only need to change that one thing, do I still need to fill everything else in?
Same boat omg
SAME BOAT TOOOOO!!!!!!
Same 😂😂
Same
I need this answer please! I could get my stimulus check!
I was wondering if I file my 2019 tax return in 2021, will I still be able to get my stimulus check?
There was a 1099 reported on my 1040, which needs to be taken off(should have not be on my 1040). The IRS overpaid made adjustments, refund me an amount and charge me a fee(which I paid). I want to correct to get the proper refund(which was less, so id owe) and receive the payment penalty fee back after the corrected 1040x. The funds I owe(due to original over refund less the actual refund) to the IRS can be taken from the payment I made to the IRS pre 1040 x correction. Is that possible? Please help and let me know if this is clear. You assistance would be golden.
Hello, if my 2016 taxes were kicked back only due to the fact the IRS didn't send me my PIN # (that they NEVER sent me), do I have to file a 1040X??? I mean, am I able to just put this years PIN on it and resend the information???
Where do I find this particular form that does the calculations for me as your form does?
Hello!
Great video! I am in a situation now that I have to amend my 2017 Tax status from single to Married filing separate, How do I go about doing this?
Thank you much!
Check the box for MFS amended return filing status.
@@pdftax8031 I have the exact same question. I know i need to check the box for married filing jointly now but in the original amount do i include both our incomes? I'm so confused
@@veznha No just yours
how do you add a 300 charitable contribution to the standard deduction is it a separate line or can you just add it to the standard deduction
Great Video
Hi John. Great explanation. My question is can you do that with a schedule C form. I did a schedule A but should have did it as a schedule C. If so what's the difference
Schedule C is for business. A is itemized deductions.
@@pdftax8031 I am self employed. I do contract work and I also have rental property so I qualify for it. Do I do a 1040x or just a schedule c since I didn't do one at first.
If I did not entered one 1099 detail information but I did include the income as other income when I filed the return, how can I do the amended return while I don’t have any increased tax liability
Where should I put an IRA contribution? I filed then invested. Does it go under a deduction of wages?
John, can you help?? My husband failed to file his business returns for 2016. I was not aware of this until IRS and State sent letters. At first thought is was a scam. Now I know differently. I filed married/jointly because the tax preparer stated it would be better for us to do so. Now I have to pay IRS and State. I want to amend and show the losses for the business and hopefully get my money back that I have paid in. This is his business I have no part of it. I am the sole provider for our household. He does not work and this is a hobby for him.
I watched your video but I became confused. I have tried to do it on my own but am at a loss as to what I am doing. I tried to go back to the preparer but he is no longer in business.
Please show me how.
Thank you Sue
Hi , I have to amend my tax for the year of 2018 , first is that still okay to do , and secondly the amendment is because I failed to claim the CHILD TAX CREDIT that year and I qualified for it . I do not see anything on the 1040-x where I can add that information. Can you please guide me in the right direction? Thank you so much for your anticipated help in this matter
In 2018, the IRS made a typo when transcribing my paper tax return and added $34,000 to my income. They admitted the mistake but didn't change the figures in my transcript. They said I need to file a 1040x. How do I do that when the mistake wasn't mine? Thank you for any help you can offer. Your video is the most clear to understand of any that I have watched.
Hard for me to believe that you need to amend if your original return is correct. I'd call the IRS again and get a better answer.
@@pdftax8031
Thank you so much for your prompt reply.
I didn't see how I could amend a return that had been done correctly. You make me feel more secure about not copping to a mistake I didn't make. I will put in the hours on hold again and try for a better answer. All the documentation exists, it's getting anybody to pay attention that's really hard.
Have a good life! I really appreciate your help! 👍
i did my wifes taxes, i wrote them under spouse and checked "married filing spereate" but when we submitted they did it jointly,,,, was i supposed to leave spouse blank?
I am a non-resident alien. I accidentally filed form 1040. I need to submit form 1040X and a completed form 1040-NR-EZ. The instructions for this sort of change are below. These instructions do not say anything about checking the box to indicate the calendar year. Should I check the box to indicate the year or leave all those checkboxes blank?
Additionally, should I indicate my filing status even if I am not changing the filing status. Form 1040X says I must check the box even if I am not changing my filing status, however the instructions for this form from the IRS (as below) say the only things I should enter are my name, current address, SSN OR ITIN, and nothing else on page 1.
To amend Form 1040NR or 1040NR-EZ, or to file the correct return, do the following:
• Enter your name, current address, and social security number (SSN) or individual taxpayer identification number (ITIN) on the front of Form 1040-X.
• Don’t enter any other information on page 1. Also, don’t complete Parts I or II on page 2 of Form 1040-X.
• Enter in Part III the reason why you are filing Form 1040-X.
• Complete a new or corrected return (Form 1040, 1040-SR for
amended 2019 and later returns, Form 1040NR, etc.).
• Across the top of the new or corrected return, write “Amended.”
• Attach the new or corrected return to the back of Form
1040-X.
My daughter marked that no one could claim her, so her Father wasn't able to, though she lived with us and attended school and only worked part time. Can this be amended? Also, does it carry over to the State return, or is that a separate amendment?
Hello. My employer reported $2,000 as social security tax withheld while $3,000 was withheld.
On which line should I report the correct amount of the social security tax withheld on 1040-X?
Hi- thanks for posting this. I had a 1099 show up late with 17500 income. However, I had many expenses and the net was about 2866. I would need to do a schedule c - eh?
yes
would tax witheld be the combined taxes? im a bit confused as i am trying to fix something
Hi! For the new return form that we have to submit additionally to this form, when they say to put “Amended” on top is it by hand?
Yes, correct
If you owe money after amending and cant mail the payment at the same time with the return. But the tax cut off is basically next month.. do I have to wait untill the return is amended before I can make a payment n is it possible that late fees n penalties will apply to the bill if it doesnt get processed before the tax cut off date?
Did you owe on the original return and did you pay?
@@pdftax8031 yes I did and I paid immediately.. reason why am asking is that I recently got my 1095 C health insurance proof n apparently I wasnt covered for some months but I thought I was so I put covered all yr when I first filed so now corrected it I have to pay the penalty
I just filed my 2020 tax return and it was accepted. But I need to remove one of my dependents and I have absolutely no idea how to do this? I need help please!!!
Filled out this form due to forgetting depreciation. What do I need to include in the mail along with form 1040x?
Depreciation goes on form 4562.
Thank you John, I have tried downloading your pdf and opening in Adobe and I've tried opening it in MS Edge, both times you can't I've tried on several computers, any suggestions to get these working? I would really appreciate your help, I've been trying to get this done as my CPA didn't reconcile my HC subsidies. I've got everything corrected but can't finish 1040X, THANK YOU
Try this on a Windows 10 machine. Reboot. Download a new copy of 1040X. Open it with Adobe.
So how do I remove the Child EIC from a return that already has been filed?
Help!!!!!! My situation is different and I need help with mine
The state sent me the adjustment amount for unemployment for 2021. How do I document that on the 1040-x?
No mention on what documents should be mailed in addition to the 1040X if any.
Where do u add EIC and UC benefits and 1099R?
You added an extra income what if I need to add two forms of income one for unemployment and one for inheritance
it was clear but I'm still lost! last time I do my taxes by myself. I'm about to be audited. . .
Great job, John! I do have a question. I received a corrected 1099 where they moved some money from line 1b - Qualified Dividends to line 3 - Nondividend Distributions. Does this require a 1040X, and if so, any advice on how to do it correctly? I'm a bit lost. Thanks in advance! Cary
You'll probably need to fill out a new schedule D and form 1040 and attach it to the 1040X.
@@pdftax8031 Thank you very much! Cary
the link doesn't have a 1040x, Amend Tax Return self calculating, which is what I need. But, thank you for the video.
If nothing financially has changed on the return, and you are simply changing perrsonal info such as name, address etc. Do you still have to fill out the financial information boxes if nothings changed? If so do you just fill out the original and then correct boxes with the previous info?
Here's what the 1040 instructions say:
Name Change: If you changed your name because of marriage, divorce, etc., be sure to report the change to the Social Security Administration (SSA) before filing your return. This prevents delays in processing your return and issuing refunds. It also safeguards your future social security benefits.
Address Change: If you plan to move after filing your return, use Form 8822 to notify the IRS of your new address.
On line 12 do I need to add federal income , social security tax, Medicare tax on that? I don’t know what to add on line12
Line 12 is for tax withheld, normally from a form W2 or 1099R. If you had excess soc sec tax or medicare withheld it would go on this line as well. That usually only happens when you have more than one employer and the total withheld is greater than the maximum allowed.
Do you use this for cancelation of debt as well ?
I forgot to add a 1099 G unemployment
Would I put that amount in the same box you put their missing W2?
I am filing a 2019 amended tax return. The only thing I need to change is the dependents section and claim the child tax credit. I don't know how to complete form. Help
If I am changing my filing status from HOH to MFS am I just plugging in the information from my 2018 taxes?
Amounts from your original HOH return go in column A. Corrected amounts from the MFS return go in column C.
What if you want to change just your dependants?
Hi there, I clicked the link that takes to the self-calculating IRS forms, but this form 1040-X is not available :(
if i need to remove dependents for 2019, should I write anything in the 24-30 lines?
Here's what the instruction on the form says.
! CAUTION
For amended 2018 or later returns only, leave lines 24, 28, and 29 blank. Fill in all other applicable lines.
what is carry back? explain me please in simple English with example. i have 1099 MISC(10000.00) 2017 which I did not include in 2017 tax return. i am single and had 2017 filed 1040 with one W2. got refund from federal 1137 and from NY State 587. please help me to sort it out
A carry back refers to the net operating loss that is carried back to the year you are filing an amended return for from a later year. NOL is a complicated subject, but generally it occurs when your business losses exceed your income.
My question is what if you ONLY need to change your filing status. Do I need to enter ALL the same information again? Or can I just Change the filing status and submit the form?
Yes you do because your tax rate will be different.
I had a dependant(minor) placed in my custody last year but did not have her social yet when I was filing for 2019. Can you please explain how to do this form to claim a dependant? I only saw a video on the first half. And how would that change my numbers or deductions on my original 1040 ( which had no dependents). Or does it stay the same?
There are no dependent exemptions for 1040. That's part of the new tax law. But you might be able to claim a child tax credit.
How did you get the information for line 6, I have been trying to figure it out for awhile now. I am having trouble with my tax form for line 6.
Form 1040X line 6 is the tax. It comes from the tax tables in the instructions for form 1040.
www.taxact.com/tools/tax-bracket-calculator
Just go to h&r block
@@fr.josephpremthumma9670 your amazing thank you so much
I accidentally filed single meant to file head of Household. Would I just mark head of household and plug in original numbers?
Income is the same, but standard deduction increases, so taxable income and tax decreases.
I’m what box should we put education expensss that were not seclared
forgot a 1099-B but took a loss. Already applied a capital loss carry over of $3000 for previous years losses, hence, not having to pay any additional tax and not getting any additional refund.
So in filling out the form , everything in column B=0. Do I need to fill in all information from 1-23?
Where do I get the Tax liability? is that essentially information form 1040 form?
Regarding the forgotten 1099-B with a loss. The instructions for 1040X don't specifically address that issue. Since you already have the maximum $3000 loss on your 1040 that won't change, so column B will all be 0. So what I would do if I were you is to fill out all the lines 1 to 23 even though nothing changed. Then explain why you are filing 1040X in the explanation lines on page 2. And be sure to attach a corrected copy of schedule D, which should show an increased carryover amount.
Hey,john I'm doing a amendment for my 2019 taxes and I am stuck,I've never done one of these and I'm unsure if it's asking for multiples #s or one total..here it is and thanks in advance
Amended Return - Credits
Enter the original total credits from Schedule 3, Part I, lines 1-6 and 13a of Form 1040 or 1040-SR. If you used Form 1040-NR, leave blank and click continue.
can you amend a 2021 return and add to your ira to reduce your tax burden?
I have used a tax preparer and I have missed declaring dividends on 16$ and 32$ in 2018 and 2019 tax returns... do I need to amend them? If so, can I myself amend these or do I need to contact the tax preparer to do these.. I might just end up paying 20-30$ overall but the tax preparer is charging 300$ for two years...any suggestions please? Thnx in advance
You can do it yourself if your comfortable doing it. You're not required to use a tax preparer.
Thanks for these instructions. Can I use the 1040x for a missing 1099?
Yes you can.
For a missing 1099, do you have to fill out a 1099 form and mail that along with your 1040X ?