What is the difference between an Amended and a Superseding corporate return?
A9. A superseding return is a subsequent return filed within the filing period (including extensions). A superseding return is considered the return of record because it takes the place of any other return previously filed during the filing period, with extensions. An amended corporate return is a subsequent return filed after the expiration of the filing period (including valid extensions). Q10. My corporation prepares and submits more than one tax return prior to the due date, including extensions, of the return. These subsequent filings are commonly referred to as “Superseding” returns. Will my corporation be able to file more than one electronic return for the same tax period? A10. Yes, Since January 8, 2007, MeF can process multiple electronic income tax returns for the same tax period. A taxpayer filing a superseding return must indicate the return is such by selecting the Superseded Return checkbox designation in the software.
