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In basic terms, they are two VERY different tax elections.
An extension allows you file your tax return at a later date (after the 4/17/18 deadline). It does NOT give you extra time to pay (any applicable interest & any penalty will continue to accumulate. https://ttlc.intuit.com/replies/3301811
An amendment allows you to make corrections to a tax return that has already been accepted. https://ttlc.intuit.com/replies/4204352
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