tag:blogger.com,1999:blog-6318055043707993918.post6360274294600814981..comments2024-02-20T02:12:18.090-05:00Comments on THE WANDERING TAX PRO: AMENDING YOUR RETURNRobert D Flachhttp://www.blogger.com/profile/06034127763662917220noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-6318055043707993918.post-22656939930603055512009-01-27T19:21:00.000-05:002009-01-27T19:21:00.000-05:00Anon-As I have said in the post - "you have three ...Anon-<BR/><BR/>As I have said in the post - "you have three (3) years from the due date of the return, including any extensions, - or two (2) years from the date you actually paid the tax, whichever is later - to “amend” the return".<BR/><BR/>TWTPRobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-63136852960470091002009-01-27T18:15:00.000-05:002009-01-27T18:15:00.000-05:00if i have already filed my tax return and another ...if i have already filed my tax return and another w2 has come in that i had forgot about, do i need to amend my taxes now or could i get by with doing it later????????Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-2964776608848076152009-01-25T08:59:00.000-05:002009-01-25T08:59:00.000-05:00Tamara-I will answer your question in an "Ask The ...Tamara-<BR/><BR/>I will answer your question in an "Ask The Tax Pro" post at TWTP on Wednesday, January 28.<BR/><BR/>TWTPRobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-62434670972576438392009-01-23T19:43:00.000-05:002009-01-23T19:43:00.000-05:00Question. My mother just found out that her 2007 e...Question. My mother just found out that her 2007 e-file was rejected due to her name change in the same year (marriage). She filed "married, separately" but now wants to change it to jointly. What should she do, and what numbers should she include on the 1040x since she has no "original" tax return but he does? Thanks.Tamarahttps://www.blogger.com/profile/00897740353083418658noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-46458728825168108372008-09-28T11:50:00.000-04:002008-09-28T11:50:00.000-04:00Anon-First - it is too late to amend your 2004 fed...Anon-<BR/><BR/>First - it is too late to amend your 2004 federal or state tax returns to get an additional refund. 2004 is a "closed" year. Only 2005, 2006 and 2007 are currently "open".<BR/><BR/>If you are amending the return to claim the EITC without a qualifying child you do not have to amend the 2005 or 2006 NJ returns.<BR/><BR/>Prior to 2007 you had to have New Jersey Gross Income of $20,000 or less AND at least one qualifying child in order to get a NJ-EITC.<BR/><BR/>In addition, to qualify for the federal EITC for a person without a qualifying child you must be at least 25 years of age, and you cannot be claimed as a dependent on someone else's return.<BR/><BR/>TWTPRobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-61229151906111526522008-09-25T17:56:00.000-04:002008-09-25T17:56:00.000-04:00I have printed out the forms to amend my 2006, 200...I have printed out the forms to amend my 2006, 2005, and 2004 tax returns and claim the EITC (1040X, 1040 and EIC - the later two forms for the correct year)(I was a grad student - nominal income) but how do I file a revision to the State of New Jersey? Thank you for your answer. JaneAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-33481065346911935582008-07-21T14:39:00.000-04:002008-07-21T14:39:00.000-04:00Dear Wandering Tax Pro,For the past 10 months I ha...Dear Wandering Tax Pro,<BR/>For the past 10 months I have been attempting to obtain an NJ State refund for 2002/2003 (during this period I had several family crises and apparently did not submit them).<BR/><BR/>My account has sent registered lettters and that I should have received about 5K.<BR/><BR/>I finally got someone on the phone in NJ and was told that the time had passed and I could not get the refund. I asked why that they never replied to my accountant's requests in the fashion and have asked for other related info? The gent on the phone had no answer.<BR/><BR/>Is there anything I can do that will get me my refund?<BR/><BR/>Thanks,<BR/>HowardAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-57865930437449342642007-08-02T00:21:00.000-04:002007-08-02T00:21:00.000-04:00Question. I am currently in a installment agreeme...Question. I am currently in a installment agreement for tax years 2002 and 2003. I recently found out I did not deduct my advertising expenses for those years which would make a considerable difference. Can I file an amended return for those years even though it is over the 3 year time limit and I haven't paid all the tax for those years? Thank you!Unknownhttps://www.blogger.com/profile/07824050232041973048noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-90461154913676006322007-07-06T11:57:00.000-04:002007-07-06T11:57:00.000-04:00Dear Anonymous-OOPS - As to the first part of your...Dear Anonymous-<BR/><BR/>OOPS - As to the first part of your question:<BR/><BR/>Yes, the person whose name is listed first on the return would use Column A.<BR/><BR/>Generally the husband's name goes first. But there is no rule that says this must be so. In the past I have put the wife's name first on a few occations.<BR/><BR/>If the husband has had problems with the IRS in the past, or owes back taxes, student loans, child support, etc, you should put the wife's name - and Social Security number - first on the return.<BR/><BR/>THE WANDERING TAX PRORobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-51772955895361261892007-07-06T11:53:00.000-04:002007-07-06T11:53:00.000-04:00Dear Anonymous-(1) If you switch from separate ret...Dear Anonymous-<BR/><BR/>(1) If you switch from separate returns to a joint return the amended joint income (AGI) determines eligibility for and amount of EIC.<BR/><BR/>(2) If the child is a qualifying child of two persons, and the two persons are parents of the child and they do not file a joint return together, then the child will be treated as the qualifying child of the parent with whom the child lived the longest during the year.<BR/><BR/>(3) If the child is a qualifying child of two persons and the two persons are parents of the child, the child lived with each parent the same amount of time during the year, and the parents do not file a joint return together, then the child will be treated as the qualifying child of the parent with the highest adjusted gross income (AGI).<BR/><BR/>The Wandering Tax ProRobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-13395433240923283862007-07-06T11:35:00.000-04:002007-07-06T11:35:00.000-04:00Thanks, that answers my question...it would certai...Thanks, that answers my question...it would certainly hit me then that whoever's name is listed on the 1040X first goes on column A. Question is, whose name goes first...hypothetical situation - husband makes more money but wife claimed both kids on her original tax return - would higher income then make her ineligible for EIC? much appreciatedAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-72673533279531335582007-07-06T11:18:00.000-04:002007-07-06T11:18:00.000-04:00Dear Anonymous-If you and your spouse are changing...Dear Anonymous-<BR/><BR/>If you and your spouse are changing from separate returns to a joint return, follow these steps:<BR/><BR/>(1) Enter in Column A the amounts from your separate return as originally filed (or as previously adjusted by the IRS).<BR/><BR/>(2) Enter in Column B the amounts from your spouse's separate return as originally filed or previously adjusted - combined with any other specific changes you are making to either original return.<BR/><BR/>(3) Enter in Column C the total of Column A and Column B - which represents the joint return.<BR/><BR/>What I do in such a case is do a 4-column spreadsheet. I put the numbers from the husband's original or revised return in the first column, the numbers from the wife's original or revised return in the second column, any other net changes to the originals in the third column, and the total of the first 3 columns in the fourth column. Column 1 is 1040X Column A, the sum of Columns 2+3 is 1040X Column B, and Column 4 is 1040X Column C.<BR/><BR/>I hope I have been clear. Any other questions?<BR/><BR/>THE WANDERING TAX PRORobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-37047873547311464502007-07-06T10:57:00.000-04:002007-07-06T10:57:00.000-04:00Question. Trying to amend my tax return to married...Question. Trying to amend my tax return to married filing jointly. On Column A, where it asks for the amount on the original return, do i put in say the AGI of one person and Column C the combined AGI of both myself and my wife or does column A hold that info. Hope the question is clear.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-32282621501788371622007-06-06T05:48:00.000-04:002007-06-06T05:48:00.000-04:00Dear Anonymous-I have responded to your question i...Dear Anonymous-<BR/><BR/>I have responded to your question in my June 6th posting.<BR/><BR/>TWTPRobert D Flachhttps://www.blogger.com/profile/06034127763662917220noreply@blogger.comtag:blogger.com,1999:blog-6318055043707993918.post-78026281759400022142007-06-04T14:35:00.000-04:002007-06-04T14:35:00.000-04:00Question. If you want to file an amended return fo...Question. If you want to file an amended return for 2004 and are not as tax saavy as the wandering tax pro is there any software that can help with this daunting task? I seem to be overwhelmed trying to amend our Sched. C and all of the accompanying forms (ie 8829,4562) and the instructions that can be over 50 pages long. Please help!?!Anonymousnoreply@blogger.com