How to fill out Form 1040X, Amended Tax Return

amended return adjusted but not completed This is a topic that many people are looking for. is a channel providing useful information about learning, life, digital marketing and online courses …. it will help you have an overview and solid multi-faceted knowledge . Today, would like to introduce to you How to fill out Form 1040X, Amended Tax Return. Following along are instructions in the video below:

“This is john with pdf tech s right now we have form 1040x the amended amended us. Individual income tax return here on the screen. So we re going to a little time seeing how this form works. This is the form that you would use if you made some kind of mistake on your original tax return your form 1040 and you needed to fix that so i ve already entered the names social security numbers and address for this this married filing joint couple they also have one dependent.

Although that doesn t show on on page 1 of 1040 x. So let s go ahead. And see how this will work and we re going to say that this is for year 2017 and i ve already checked this box married filing joint and then over here we need to indicate whether they had full health care coverage. All year and we re gonna say yes they did now let s suppose that on their original return.

They had one w2 and that s all they had for income which was 75000. So the first thing we need to do is enter the original amounts from the original tax return and then we ll adjust those. Later..


So we ll put 75000. In here like that and that carries over just to the corrected column. But we ll we re gonna change that a little bit later when we make some corrections and then on line two we need to enter their standard deduction. Which for a married filing joint return in 2017 is twelve thousand seven hundred so put that there and then with three exemptions.

One for each of them and one for their dependent their exemptions for 2017 is three times 4050. Which is twelve thousand 150 like that so now their taxable income on line 5 shows up as fifty thousand 150 and now we need to and our the tax and if you look in the 1040 instructions in the tax. Table you ll see that the amount of tax on 50000. 150.

Is sixty five ninety four. There right there. Like that and then we need to tell the irs how that tax was figured and the most common method and the ones that these taxpayer used was the tax table..


So we ll put that in there like that no they also had some income tax withheld on their w2 of 6800. So that goes on line 12 and on their original return. They had a refund of 206 dollars. Which right now anyway shows up on line 22.

But we need to put that on line 18. The overpayment on the original return of 206. So now their refund at least right now is zero. Because they haven t made any adjustments yet but we ll do that now so like i said earlier they had a w 2.

Form that they forgot to put on their original return excuse me. And the amount of income on the w. 2..


The amount of wages. It s twelve thousand so put that there like that and the standard deduction doesn t change and the exemptions. Don t change so their new taxable amount is 60 to 150. Now if we go back in the tax table and look up the amount of tax for 60 to 150.

We can see that that comes up to 83 94 whoops. It s 83 94. But we want to put just the increase and the increase is 1800. So the new tax is 83 94.

And that s still from the tax table. So we ll leave that alone so there we go like that and however on line 12. They also had some income tax withheld on that new w 2 form of 2000..


Right there so their total withholding that was 8800 so we would expect that since they re withholding increased by two thousand and their tax increased by eighteen hundred dollars the refund. What would be that they d expect a refund of 200 the difference between 2000 and 1800 and you can see that s exactly what we have on line 22. That s the difference between line 11 see on line 19. The amount overpaid is 200.

So when they send in this tax return. They will be getting a refund of 200 that s how that s how the 1040x works. If you have any questions about that please put that in your comments below and thanks for ” ..


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