Only if the amended return is filed before the statutory
deadline (including extensions) of the original return.
IOW, if you are talking about a calendar-year C corporation
that has a valid extension, you can file the amended return
by 09/15/05. On or after 09/16/05 will be too late.

For an individual, I would suspect you could do it by
amending on or before (Monday) 10/17 if there is a valid
extension.

You could try for =A7301.9100 relief, but if I recall
correctly, I believe the Service has said they will not
consider relief for missed elections to forego the
carryback.

Peter C. Gatto, CPA

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Craig wrote:

- quote -

I just heard the other day that it may be done if you amend
within six months of the due date of the already filed
return. But don't ask for a cite. Maybe someone else can
back me up here.

OOps, is this for a corporate return filed 3/15/05? Better hurry.

ChEAr$,
Harlan Lunsford, EA n LA

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If I did not elect to forgoe the NOL carryback on a timely
filed 2004 return but would like to now, can I amend the the
2004 return and make the election?

Thanks,
jcs

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >