Thursday, May 20, 2010

Form 1040X

Bleifeld CPA Tax Form of the Day

http://www.irs.gov/pub/irs-pdf/f1040x.pdf

The 1040X is the way to ammend or correct a tax return. They are undated and can be used for multiple years. A friend of mine who insists doing his own taxes missed a 30k tax deduction for a theft loss. I had to explain to him about the 1040X and how he could refile and get his money back.

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