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New Member
posted May 31, 2019 5:49:43 PM

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

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

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1 Best answer
Level 13
May 31, 2019 5:49:47 PM

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.

2 Replies
New Member
May 31, 2019 5:49:44 PM

how do I get old w2S

Level 13
May 31, 2019 5:49:47 PM

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.