Instructions for Form 1040X (Rev. January 2017)

1 Instructions for Form 1040X Department of the Treasury Internal Revenue Service (Rev. January 2017 ). Amended Individual Income Tax Return Section references are to the Internal Revenue Code unless Contents Page otherwise noted. Part I Exemptions .. 13. Contents Page Line 29 Exemption Amount .. 13. Future Developments .. 1 Line 30 Dependents .. 13. What's New .. 1 Part II Presidential Election Campaign Fund .. 13. General Instructions .. 1 Part III Explanation of Changes .. 13. Purpose of Form .. 2 Paid Preparer .. 13. Interest and Penalties .. 2 Assembling Your Return .. 13. When To File .. 2 Where To File .. 14. Special Situations .. 3 Paperwork Reduction Act Notice .. 14. Tracking Your Amended Return .. 5 Estimates of Taxpayer Burden .. 15. Line Instructions .. 5. Calendar or Fiscal Year .. 5 Future Developments Name, Current Address, and Social Security For the latest information about developments related to Form Number (SSN).

2 5 1040X and its Instructions , such as legislation enacted after they Amended Return Filing Status .. 6 were published, go to Lines 1 Through 30 Which Lines To Complete .. 6 What's New Columns A Through C .. 7 Delayed refunds for returns claiming certain credits. Due Income and Deductions .. 8 to changes in the law, the IRS can't issue refunds for returns that Line 1 Adjusted Gross Income .. 8 claim the earned income credit and/or the additional child tax credit until the 15th day of the second month following the end of Line 2 Itemized Deductions or Standard the tax year for which the return was filed (generally February Deduction .. 8 15th). This applies to the entire refund, not just the portion Line 4 Exemptions .. 8 associated with these credits. Form 1040EZ Filers Lines 2 and 4 .. 9 Improper withholding on severance paid to veterans. The Line 5 Taxable Income .. 9 Combat-Injured Veterans Tax Fairness Act of 2016 gives Tax Liability.

3 9 veterans who retired from the Armed Forces for medical reasons Line 6 Tax .. 9 additional time to claim a refund if they had taxes improperly withheld from their severance pay. Veterans who are affected by Line 7 Credits .. 10 this legislation will receive notice and Instructions as to how to Line 9 Health Care: Individual file an amended return to recover the amount that was withheld. Responsibility .. 10 Additional information may be posted at Line 10 Other Taxes .. 10 Individual taxpayer identification number (ITIN) renewal. If Payments .. 10 you, your spouse (if filing jointly), or a dependent were assigned Line 12 Withholding .. 10 an ITIN before January 1, 2013, or if you have an ITIN that you have not included on a tax return in the last three consecutive Line 13 Estimated Tax Payments .. 10 years, you may need to renew it before filing Form 1040X . For Line 14 Earned Income Credit (EIC) .. 10 more information, see the Instructions for Form W-7.

4 Line 15 Refundable Credits .. 11 Delivery services. Eight delivery services have been added to Line 16 Amount Paid With Extension or the list of designated private delivery services. For the complete Tax Return .. 11 list, see Private delivery services, later. Line 17 Total Payments .. 11 Cash payment option. There is a new option for taxpayers Refund or Amount You Owe .. 11 whose only option is to pay their taxes in cash. For details, see Line 18 Overpayment .. 11 Pay with cash under Amount You Owe in the Instructions for line 20. Line 19 Amount Available To Pay Additional Tax .. 12. Line 20 Amount You Owe .. 12 General Instructions Line 22 Overpayment Received as Form 1040X will be your new tax return, changing your original Refund .. 12 return to include new information. The entries you make on Form Line 23 Overpayment Applied to 1040X under the columns headed Correct amount and Correct Estimated Tax.

5 13 number or amount are the entries you would have made on your original return had it been done correctly. Jan 10, 2017 Cat. No. 11362H. You won't have to pay the penalty if you can show reasonable Many find the easiest way to figure the entries for Form cause for not paying your tax on time. TIP 1040X is to first make the changes in the margin of the return you are amending. Penalty for erroneous claim for refund or credit. If you file a claim for refund or credit in excess of the amount allowable, you To complete Form 1040X , you will need: may have to pay a penalty equal to 20% of the disallowed Form 1040X and these separate Instructions ; amount, unless you had reasonable cause for the claim. The A copy of the return you are amending (for example, 2014 penalty won't be figured on any part of the disallowed amount of Form 1040), including supporting forms, schedules, and any the claim on which accuracy-related or fraud penalties are worksheets you completed; charged.

6 Notices from the IRS on any adjustments to that return; and Penalty for frivolous return. In addition to any other penalties, Instructions for the return you are amending. If you don't have the law imposes a penalty of $5,000 for filing a frivolous return. A. the Instructions , you can find them online at frivolous return is one that doesn't contain information needed to formspubs. If you are amending a prior year return, click on figure the correct tax or shows a substantially incorrect tax Prior Year tab. You can also order paper copies of the because you take a frivolous position or desire to delay or Instructions for your return at or, if you interfere with the tax laws. This includes altering or striking out are amending a prior year return, by calling 1-800-829-3676. the preprinted language above the space where you sign. For a Purpose of Form list of positions identified as frivolous, see Notice 2010-33, 2010-17 609, available at Use Form 1040X to do the following.

7 Correct Forms 1040, 1040A, 1040EZ, 1040NR, or 1040NR-EZ. Other penalties. Other penalties can be imposed for Make certain elections after the prescribed deadline (see negligence, substantial understatement of tax, reportable Regulations sections through -3 for details). transaction understatements, and fraud. See Pub. 17, Your Change amounts previously adjusted by the IRS. However, Federal Income Tax, for more information. don't include any interest or penalties on Form 1040X ; they will be adjusted accordingly. When To File Make a claim for a carryback due to a loss or unused credit. File Form 1040X only after you have filed your original return. However, you may be able to use Form 1045, Application for Generally, for a credit or refund, you must file Form 1040X within Tentative Refund, instead of Form 1040X . For more information, 3 years (including extensions) after the date you filed your see Loss or credit carryback under When To File, later, and the original return or within 2 years after the date you paid the tax, discussion on carryback claims under Special Situations, later.

8 Whichever is later. If you filed your original return early (for example, March 1 for a calendar year return), your return is File a separate Form 1040X for each year you are amending. considered filed on the due date (generally April 15). However, if If you are changing your federal return, you also may need to you had an extension to file (for example, until October 15) but change your state return. you filed earlier and we received it July 1, your return is If you file Form 1040X claiming a refund or credit for considered filed on July 1. The time limit for filing Form 1040X . ! more than the allowable amount, you may be subject to can be suspended for certain people who are physically or CAUTION a penalty of 20% of the disallowed amount. See Penalty mentally unable to manage their financial affairs. For details, see for erroneous claim for refund or credit under Interest and Pub. 556, Examination of Returns, Appeal Rights, and Claims for Penalties, later.

9 Refund. Don't file Form 1040X if you are requesting a refund of Don't file more than one original return for the same penalties and interest or an addition to tax that you have already ! year, even if you haven't received your refund or haven't CAUTION heard from the IRS since you filed. Filing more than one paid. Instead, file Form 843, Claim for Refund and Request for Abatement. original return for the same year, or sending in more than one copy of the same return (unless we ask you to do so), could Don't file Form 1040X to request a refund of your share of a delay your refund. joint overpayment that was offset against a past-due obligation of your spouse. Instead, file Form 8379, Injured Spouse Bad debt or worthless security. A Form 1040X based on a Allocation. But if you are filing Form 1040X to request an bad debt or worthless security generally must be filed within 7. additional refund after filing Form 8379, see Injured spouse years after the due date of the return for the tax year in which the claim under Special Situations, later.

10 Debt or security became worthless. For more details, see section 6511. Interest and Penalties Foreign tax credit or deduction. A Form 1040X to claim or Interest. The IRS will charge you interest on taxes not paid by change a foreign tax credit or deduction for foreign taxes their due date, even if you had an extension of time to file. The generally must be filed within 10 years from the due date for IRS will also charge you interest on penalties imposed for failure filing the return (without regard to any extension of time to file). to file, negligence, fraud, substantial valuation misstatements, for the year in which the foreign taxes were actually paid or substantial understatements of tax, and reportable transaction accrued. For details, see Pub. 514, Foreign Tax Credit for understatements. Interest is charged on the penalty from the due Individuals. This extended period for filing Form 1040X applies date of the return (including extensions).