What’s the difference between an amended tax return and a superseding return? Amended returns can be filed to correct or change information on a timely filed return, after the original or extended due date has passed. However, a superseding return is a rare opportunity to change or correct a filed return before the original or extended due date. Why does this matter? Some tax elections you make are irrevocable (for example, the election to carry forward a tax overpayment to the next year). Such a change can be made only on an original return. A timely filed superseding return takes the place of the original return. Contact us to file a superseding return. Here’s more: https://bit.ly/4fv9woY
What’s the difference between an amended tax return and a superseding return? Amended returns can be filed to correct or change information on a timely filed return, after the original or extended due date has passed. However, a superseding return is a rare opportunity to change or correct a filed return before the original or extended due date. Why does this matter? Some tax elections you make are irrevocable (for example, the election to carry forward a tax overpayment to the next year). Such a change can be made only on an original return. A timely filed superseding return takes the place of the original return. Contact us to file a superseding return. Here’s more: https://bit.ly/4fv9woY