How many times can you file an amendment 1040-X?

Discussion in 'Tax' started by popsof3d@gmail.com, Feb 15, 2006.

  1. Guest

    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. >>
    << ======================================================= >>
     
    , Feb 15, 2006
    #1
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  2. A.G. Kalman Guest

    wrote:

    > 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. >>
    << ======================================================= >>
     
    A.G. Kalman, Feb 15, 2006
    #2
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  3. Guest

    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. >>
    << ======================================================= >>
     
    , Feb 16, 2006
    #3
  4. <> wrote
    > 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


    << ======================================================= >>
    << 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. >>
    << ======================================================= >>
     
    Paul Thomas, CPA, Jun 2, 2006
    #4
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