This webinar will be held on Wednesday, November 18 at 2:00pm ET
Sponsor: Drake Software
Duration: 1 Hour
Participants will also review e-filing considerations, Form 8879 requirements, filing deadlines, processing expectations, interest and penalties, transcript authorizations, and practical best practices for managing amended returns.
Learning Objectives
- Identify common circumstances that may require an individual income tax return to be amended, including omitted income, incorrect credits or deductions, filing-status changes, election errors, and carrybacks.
- Distinguish between an amended return and a superseded return based on purpose and whether the corrected return is filed before or after the applicable due date, including extensions.
- Determine when Form 1040-X is used and apply the general filing deadline for requesting a credit or refund.
- Recognize key e-filing requirements for amended and superseded returns, including the requirement to obtain a new Form 8879 each time such a return is e-filed.
- Apply practical procedures and best practices for preparing amended returns, including documenting changes, attaching required documentation, confirming signatures, retaining the original return, reviewing state guidance, and managing taxpayer expectations.
| Program Level | Basic |
| Prerequisites | None |
| Field of Study | Tax |
| Advance Preparation Needed | None |
| Delivery Method | Group Internet-Based |
| Recommended CPE Credit | 1 Credit per 50-Minute Session |
| Registration Instructions | Register Online |
| Cost | Free |
| Complaint Resolution | editor@cpapracticeadvisor.com |
Presented by:
Amanda Watson, EA, is the Onboarding and Retention Manager at Drake Software, where she leads a team to drive customer success. As a tax industry veteran, Amanda is a favorite speaker and trainer known for making tax topics accessible and relevant.
Moderated by:
Isaac M. O’Bannon is the managing editor and digital content manager for CPA Practice Advisor, drawing on two decades of experience covering the areas of professional accounting, taxation, business productivity and consumer technologies. Prior to CPA Practice Advisor, O’Bannon was a consultant at firms in San Francisco, Denver and Tulsa, serving clients that included Logitech, Polycom, Hilti, Microsoft, the Stanford Research Institute, the University of Oklahoma’s College of Engineering and other technology leaders. He is a U.S. Navy veteran.
Drake Software, a private company founded in 1977, provides software solutions to over 70,000 tax and accounting firms that file more than 36 million tax returns every year. Known for its award-winning customer service team, Drake Software is also consistently recognized for excellence in quality, value, and reliability.
CPA Practice Advisor is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/. For more information regarding administrative policies please contact Isaac O’Bannon at isaac.obannon@cpapracticeadvisor.com.
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