How do I amend a 1041, 1065, 1120, or an 1120S return using worksheet view in CCH Axcess™ Tax and CCH® ProSystem fx® Tax?
The following video shows how to amend a business return.
Amending a return is a four step process.
- Create a second version of the return.
- CCH Axcess™ Tax. How do I create a copy or a new version of a return in CCH Axcess™ Tax?
- CCH® ProSystem fx® Tax or CCH® Global fx Tax. How do I create a copy or a new version of a return in CCH® ProSystem fx® Tax.
- Note: After creating a second version of the return, we recommend amending version 1. If version 1 is always your active return, it will be easier to know which return version to roll forward to the next year.
- Select the return to be amended (for Federal and state(s) as applicable).
- Use the table below to see where to mark the Federal return as amended.
- Many states are amended based on the Federal input. However, some states may have a separate input, within state level worksheets, to mark the state as amended.
- Calculate the return.
- Enter changes / overrides to correct the return as needed for amended filing.
- Calculate the return.
| Tax Product | Worksheet | Section | Line # | |
|---|---|---|---|---|
| Fiduciary - 1041 | Electronic or Paper file | Other > Amended Return | 1 - Original Return Amounts | 1 - Transfer original information |
| 2 - Amended Return Explanation | 1 - Amended Return Explanation | |||
| Paper File Only | General > Basic Data | 1 - General | 32 - Amended return | |
| Partnership - 1065 | Electronic or Paper file | General > Basic Data | 1 - General | 25 - Amended return and Schedule K-1 |
| Paper File Only | Other > 1065X - Amended Return or Administrative Adjustment Request (AAR) | 1 - 1065X General Information, Explanation | 1 - X to transfer original information (federal only) 25 - Explanation of changes to Items in Part II and Part III | |
| Corporation - 1120 | Other > 1120X - Amended Returns | 1 - Information from Original Return | 1 - Transfer original information (or as previously adjusted) 4-16 - Enter applicable information as overrides | |
| 2 - Miscellaneous Information | 13 - Explanation of Changes to Income, Deductions or Credits | |||
| S Corporation - 1120S | Electronic or Paper Filing | General > Basic Data | 1 - General | 27 - Amended return and Schedule K-1 |
| Electronic File Only | General > Electronic Filing | 5 - Explanations, Elections, and Preparer notes | 1 - Explanation code, enter code 56 - Amended Return Statement 8 - Explanation, enter the explanation of changes to income, deductions or credits | |
Notes
- Consolidated returns being amended for a specific tax authority (Federal or State(s)) require that same tax authority to be amended in each separate client return in the return group for electronic filing.
- Amended returns can be amended additional times. To amend a return another time, save the return as a new version, remove any of the amended input from the input listed above, and calculate the return. Create the amended return as if it had not been amended before.
Additional Information
| Solution Id | 000164377/sw3129 |
|---|---|
| Direct Link |
