Amend Corporate Income Tax Return?
certainly. Amended and Superseding Corporate Returns – Revised 07-26-07 As of February 14, 2007, the MeF system processes both superseding and amended returns. Amended and superseding returns for Form 1120 and 1120S will be accepted for the 2005 tax year and forward. Beginning with 2006 returns – both amended and superseding returns will be required to be e-filed if the taxpayer is required to file electronically based on the temporary regulation unless a taxpayer has received an approved waiver to file that particular return in paper. All of the business rules for e-filing original returns will also be enforced for both superseding returns and amended returns. *Note: Carryback Claims, situations in which the change is due to a net operating loss carryback, a capital loss carryback, or a general business credit carryback, are exempt from the e-file requirement and should be filed using the existing paper process. Software developers who intend to support the new superseding and amended
