The IRS now will allow individuals to file amended income tax returns electronically using commercial tax software products. Until now taxpayers have had to mail a paper Form 1040-X.
The agency said in a news release Monday that the latest development is a major milestone that will allow it to receive amended returns faster and enable taxpayers to correct their returns with fewer errors.
- According to the IRS, about 3 million Forms 1040-X are filed each year.
- “Given the details needed on the form, there have been numerous challenges to add this form to the e-file family,” Sunita Lough, IRS ...