10 Answers to Common Amended Return Questions

(That many practitioners don't know)

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There is a lot to know when it comes to preparing and filing amended returns! In this article you will learn:

  • Does an amended return extend the Statute of Limitations?
  • Can you avoid the 20% accuracy-related penalty by filing an amended return?
  • Should you file an amended return when your taxpayer has received a CP2000?
  • Do you file an amended return when AUR (Automated Under Reporter) Unit notifies your taxpayer of income missing on their tax return?
  • Can your divorced taxpayer file an amended return without their former spouse?
  • What place do amended returns have when a taxpayer has incomplete records?
  • When you discover an omission on a return, are you obligated to amend the return? Does your responsibility change depending on having prepared the return or not.
  • Should an amendment be prepared when IRS does an SFR (Substitute for Return)?
  • Does “quiet disclosure” by amended return qualify as voluntary disclosure for programs with specific voluntary disclosure methods or programs?
  • Practitioners can be penalized $5,000 for filing a frivolous return. But does this apply to amended returns?
  • Bonus – a quick run down of many of the items that are considered frivolous.

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