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Old 06-02-2006, 06:34 AM
Paul Thomas, CPA
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Default Re: How many times can you file an amendment 1040-X?

<popsof3d[at]gmail.com> wrote
- quote -

> Here's my situation:
> - already e-filed my 2005 return
> - got statement of mortgage interest paid right after
> e-filing (reason: statement sent to old address so it took a
> while to forward; and, I forgot about this since this was
> from a company who sold our mortgage to the current company
> after only 2 months)
> So, I plan to file 1040-X to get extra tax deduction.
> Here's where a 2nd amendment might come into play:
> I am currently in a Master of Science program and have paid
> tuition for 2005. Some of it may be reimbursed by my
> employer later this year if my grades are good enough. So, I
> did not claim credit on the tuition I paid (although they
> are in my 2005 1098-T) because I am hoping that my employer
> will reimburse me later on. But suppose my grades are not
> good enough and I don't get reimbursed, then I plan to file
> an amendment to claim these unreimbursed tuition as
> education credits.
> I guess I could always just wait until June to find out if I
> am getting reimbursed and just file a single amendment to
> include the yet unclaimed mortgage interest deduction.


If it's that short of a time span, just wait and file one
amended return. But to answer your question, you can amend
as many times as you need to to get the correct return data
on file. You should however, be more aware of the goings on
and wait to file until you are sure you have everything that
pertains to that tax year.

--
Paul Thomas, CPA
paulthomascpapc[at]bellsouth.net

<< ================================================== ===== > << 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 (2006) - All rights reserved. > << ================================================== ===== >
  #1  
Old 02-16-2006, 06:21 PM
popsof3d@gmail.com
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Posts: n/a
Default Re: How many times can you file an amendment 1040-X?

Thanks. So that means I can amend an amended return.

<< ================================================== ===== > << 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 (2006) - All rights reserved. > << ================================================== ===== >
 
Old 02-15-2006, 03:57 PM
A.G. Kalman
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Posts: n/a
Default Re: How many times can you file an amendment 1040-X?

popsof3d[at]gmail.com wrote:

- quote -

> Here's my situation:
> - already e-filed my 2005 return
> - got statement of mortgage interest paid right after
> e-filing (reason: statement sent to old address so it took a
> while to forward; and, I forgot about this since this was
> from a company who sold our mortgage to the current company
> after only 2 months)
> So, I plan to file 1040-X to get extra tax deduction.
> Here's where a 2nd amendment might come into play:
> I am currently in a Master of Science program and have paid
> tuition for 2005. Some of it may be reimbursed by my
> employer later this year if my grades are good enough. So, I
> did not claim credit on the tuition I paid (although they
> are in my 2005 1098-T) because I am hoping that my employer
> will reimburse me later on. But suppose my grades are not
> good enough and I don't get reimbursed, then I plan to file
> an amendment to claim these unreimbursed tuition as
> education credits.
> I guess I could always just wait until June to find out if I
> am getting reimbursed and just file a single amendment to
> include the yet unclaimed mortgage interest deduction.


There is no limit to the number of valid amended returns one
can file.

<< ================================================== ===== > << 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 (2006) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 02-15-2006, 03:15 AM
popsof3d@gmail.com
Guest
 
Posts: n/a
Default How many times can you file an amendment 1040-X?

Here's my situation:
- already e-filed my 2005 return
- got statement of mortgage interest paid right after
e-filing (reason: statement sent to old address so it took a
while to forward; and, I forgot about this since this was
from a company who sold our mortgage to the current company
after only 2 months)

So, I plan to file 1040-X to get extra tax deduction.

Here's where a 2nd amendment might come into play:
I am currently in a Master of Science program and have paid
tuition for 2005. Some of it may be reimbursed by my
employer later this year if my grades are good enough. So, I
did not claim credit on the tuition I paid (although they
are in my 2005 1098-T) because I am hoping that my employer
will reimburse me later on. But suppose my grades are not
good enough and I don't get reimbursed, then I plan to file
an amendment to claim these unreimbursed tuition as
education credits.

I guess I could always just wait until June to find out if I
am getting reimbursed and just file a single amendment to
include the yet unclaimed mortgage interest deduction.

Thanks.

<< ================================================== ===== > << 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 (2006) - All rights reserved. > << ================================================== ===== >
 

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1040x, amendment, file, times
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