IRS Announces Form 1040, Form 1040-X electronic filing options; A major milestone reached for electronic returns in the United States as the Internal Revenue Service (IRS) announces Form 1040-X electronic filing options to start very soon this summer. For the very first time in the history of return filing, taxpayers in USA will be able to file their Form 1040-X, Amended U.S Individual Income Tax Return, electronically later this summer. Furthermore, the Form 1040-X electronic filing options will be able to use with the help of available tax software products. If you find any difficulty in electronic filing of Form 1040-X, you can consult Black Ink for an initial free of cost inquiry to assist you by providing the best tax preparation services during pandemic in USA.

Press Release

The Commissioner at Internal Revenue Service, Mr. Chuck Rettig, is very positive about the commencement of electronic filing of Form 1040-X and shared words to the press,

This new process is a major milestone for the IRS, and it follows hard work by people across the agency. E-filing has been one of the great success stories of the IRS, and more than 90 percent of taxpayers use it routinely. But the big hurdle that’s been remaining for years is to convert amended returns into this electronic process. Our teams have worked diligently to overcome the unique challenges related to the 1040-X, and we look forward to offering this new service this summer.

Apart from Mr. Chuck Rettig, the Commissioner at the IRS Wage and Investment division, Mr. Ken Corbin, also explained that how the Form 1040-X electronic filing options will be used. He said to the press,

Adding amended returns to the electronic family also complements our partnership with the tax software industry, which continues to work with us to provide better ways to help taxpayers.

Electronic Filing Options for IRS Form 1040-X In USA

Each year, approximately 3 million taxpayers file Forms 1040-X in the United States. The Internal Revenue Service (IRS) has been working for a number of years to make it possible for the taxpayers to file Form 1040-X electronically. On the continuous demand from the tax professional community of USA as well as ongoing recommendation from the Internal Revenue Service Advisory Council (IRSAC) and Electronic Tax Administration Advisory Committee (ETAAC), the IRS proudly announces that Form 1040-X electronic filing options will be available to the taxpayers this summer.

At present, a completed Form 1040-X must be mailed by the taxpayers for processing to the IRS. With the launch of new electronic option for filing Form 1040-X, the IRS will be able to receive amended returns faster than the paper filing procedure. Along with it, Form 1040-X electronic filing options will minimize the chances of error that are generally associated with manual completion of the form.

The new electronic filing option for Form 1040-X also ensure the IRS with accurate and complete data and records. The data can be accessed in an easy-to-read and simple-to-understand format by the customer service representatives, so that they can answer taxpayers’ questions. The IRS has always recommended to electronic file your returns and choose Direct Deposit option to get the fastest refunds.

How to Check Status of Electronically-Filed Form 1040-X?

In order to check the status of electronic filing of Form 1040-X, taxpayers can use the online tool available with the name “Where’s My Amended Return?” on the when the Form 1040-X electronic filing options will be able in the late summer 2020, only tax year 2019 Forms 1040 and 1040-SR returns can be amended electronically. On the whole, taxpayers will still be able to paper file Form 1040-X in a paper version. For doing so, taxpayers are required to follow the instructions for the preparation and submission of paper Form 1040-X.





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