Fill Form 2220 Amended 2023-2024

Hi guys, this is a tremendous senior program coordinator for York College. Today, I'm going to show you how to do amendments to tax returns. First, let's discuss the major differences between filing an amendment and filing a regular return. When you file an amendment, it means that the original return has already been accepted, but there are incorrect amounts that need to be fixed. However, when you file a regular return, you assume that all the information is correct and you're just trying to get your client their refund or determine what they owe the IRS. Before you start making changes to a return, you need to make sure that your client filed their taxes with your system. If they used another tax program like H&R Block or Jackson Hewitt, it may be difficult for you to reflect the original filing accurately. Once you have confirmed that your client filed with your system, you can pull up their return and double-check if everything matches their original filing. Make sure to refer to their copy of the return for verification. To start the amendment process, add the amendment forms. In this case, we'll add the federal form 1040X and the state amendment form. Now, let's go over the form. Remember, you need to ensure that the original numbers in your system match the client's original filing. This form works by taking the original amounts, making changes in column B, and adjusting the original amount to reflect the correct amount. To make sure only the changes are considered, check the that says "check to override all entries in column A." This will prevent the system from considering the current amounts as part of the original filing. For the example return I'm using, I'll be adjusting the Schedule B interest amount. By increasing it to $6, you can see...