Is an amended return required if changes occur but do not alter tax liability?

gt4or4 · ‎May 31, 2019

I received a corrected 1099B, but the change didn't alter tax liability. Do I need to file 1040X?

Rick19744 · ‎May 31, 2019

In this case you would not need to amend if there is no change in your tax liability.

Under the IRS matching program, they send notices to taxpayers if they believe a correction is necessary. This does not mean the IRS is always correct. So if you do get a notice, make sure you respond accordingly. The IRS does not like being ignored; and I can't blame them.

Additionally, make sure there is no impact at the state level.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

View solution in original post

jratt724 · ‎May 31, 2019

how do I get old w2S

Rick19744 · ‎May 31, 2019

In this case you would not need to amend if there is no change in your tax liability.

Under the IRS matching program, they send notices to taxpayers if they believe a correction is necessary. This does not mean the IRS is always correct. So if you do get a notice, make sure you respond accordingly. The IRS does not like being ignored; and I can't blame them.

Additionally, make sure there is no impact at the state level.

*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.

Expert does your taxes

Do it yourself

Resources

Support

Is an amended return required if changes occur but do not alter tax liability?