Amended 2018 Tax ReturnDuring the holiday season in December, Congress passed the Consolidated Budget Appropriations Act of 2020. Included in this Act was a tax package that renewed more than 24 tax provisions through what are known as extenders. An extender makes a tax provision effective retroactively. Some of the extender provisions are rather esoteric, so we’ll only focus on those most applicable to the broader taxpayer base.

Extenders in More Detail

Among the widely applicable extender provisions, there are the following. It’s best to check with your tax professional to see which of the more than two dozen extenders may apply to your personal situation.

  • Deducting PMI (private mortgage insurance) if you itemize
  • The delusionality of some types of tuition and fees
  • The ability to exclude debt forgiveness on a qualified residence

Wait, I Don’t Understand What Happened?

Most people are probably wondering at this point how they can obtain the benefit of these retroactive changes, which were not allowed when they filed their original 2018 tax return. The answer is to file an amended tax return – or Form 1040X.

Taxpayers often need to file an amended return when they receive updated or changed inputs, such as when a brokerage sends a corrected Form 1099. Unlike this situation where the basis of your filing changed due to updated information, with the extenders you’ll only want to file if it’s to your benefit.

But Do I Have to File an Amended Return?

Tax law does not actually require that a taxpayer file an amended return when learning the original return submitted did not reflect the correct amount of tax. The assumption is that it was correct the first time. Amendments are allowed, but they are not mandatory.

If you do choose to file an amended return, you have to adjust everything to reflect the tax law and any changes in the information received. You are not allowed to pick and choose only the favorable difference between the original and amended filing.

OK, But Should I File an Amended Return?

The answer to this question is probably a tax accountant’s favorite – it depends.

The most frequent worry among taxpayers is that filing an amended return will trigger an IRS audit. This fear arises from the fact that generally returns are filed and processed electronically, but all amended returns are processed by live people. The biggest risk here is to not include a full explanation of the changes in the return, including what is different, why it’s changed and the basis for the difference.

Refund or No Refund – Does it Matter?

Another question that often perplexes taxpayers is whether they should file an amended return if doing so will not result in an additional refund. Just because your amended tax return won’t result in a check in your mailbox, there are situations where it’s still to your benefit. One example is if the amended return will increase your capital or passive loss carryforwards.

The Sands of Time

Since amended returns are processed by people and not electronically, the turn-around time is a bit longer than most returns. The IRS says amended tax returns typically take eight to 12 weeks, but it’s often longer.


While you might not have to file an amended return, it could be to your benefit from either the tax extenders, corrected information that arrived after your initial filing or a combination of both. Every taxpayer situation is different, so it’s best to consult us.


Csszfc · March 14, 2024 at 1:30 pm

buy baycip pill – order augmentin 625mg for sale buy augmentin pills for sale

Lismxj · March 14, 2024 at 7:39 pm

order cipro 500mg online – order amoxiclav for sale purchase amoxiclav without prescription

Tocrqu · March 17, 2024 at 9:17 am

metronidazole where to buy – order amoxicillin generic azithromycin pills

Egdagr · March 18, 2024 at 2:51 am

order ciplox pill – buy generic doryx erythromycin online buy

Ljzyws · March 19, 2024 at 2:08 pm

buy valacyclovir no prescription – buy starlix 120mg acyclovir 400mg ca

Dpgvve · March 20, 2024 at 6:24 am

ivermectin coronavirus – cost sumycin buy sumycin 250mg generic

Jsfegi · March 21, 2024 at 3:26 pm

flagyl price – azithromycin 500mg brand order zithromax 250mg without prescription

Marost · March 22, 2024 at 9:31 am

order ampicillin penicillin generic amoxicillin oral

Pfkoln · March 23, 2024 at 7:03 am

order furosemide sale – warfarin 5mg without prescription captopril 25mg pills

Wpwrum · March 26, 2024 at 2:16 am

metformin 500mg without prescription – glucophage 500mg brand lincomycin 500mg canada

Wolhgi · March 26, 2024 at 1:02 pm

brand retrovir 300mg – roxithromycin for sale brand allopurinol 100mg

Fhjssw · March 28, 2024 at 11:26 am

clozapine 100mg pill – buy generic coversum over the counter order famotidine sale

Lrmndo · March 29, 2024 at 2:11 pm

buy cheap quetiapine – purchase luvox eskalith online

Qgoraq · March 31, 2024 at 5:59 am

buy clomipramine 25mg online cheap – buy asendin 50mg pill sinequan 25mg us

Zmuxhx · March 31, 2024 at 12:54 pm

atarax generic – brand buspin buy endep sale

Mdglqk · April 4, 2024 at 3:41 am

amoxil canada – buy amoxicillin generic buy ciprofloxacin tablets

Nlumyk · April 4, 2024 at 8:07 am

augmentin 625mg cheap – buy ciprofloxacin 1000mg generic cipro 500mg price

Bklkvd · April 9, 2024 at 1:03 pm

buy cleocin without a prescription – purchase suprax for sale order chloromycetin pills

Fmigrg · April 10, 2024 at 7:17 am

order zithromax 250mg – buy metronidazole 200mg pill brand ciplox 500 mg

Jpgjqc · April 13, 2024 at 12:18 am

ivermectin 6mg stromectol – buy generic doryx order cefaclor 250mg sale

Kjbpvy · April 15, 2024 at 1:36 pm

desloratadine for sale online – purchase clarinex generic buy albuterol 2mg for sale

Zresht · April 16, 2024 at 1:04 am

depo-medrol pills canada – order claritin pill buy azelastine medication

Vdnoqe · April 17, 2024 at 1:10 pm

buy glyburide 5mg generic – purchase pioglitazone pills forxiga 10mg ca

Xxmfrs · April 19, 2024 at 1:58 pm

repaglinide 2mg drug – order jardiance 10mg for sale jardiance cheap

Acwlzo · April 20, 2024 at 4:03 am

metformin 1000mg generic – generic glucophage 500mg precose 25mg canada

Gavlyv · April 22, 2024 at 7:04 am

terbinafine over the counter – where to buy grifulvin v without a prescription cheap griseofulvin

Ycvnau · April 23, 2024 at 4:03 am

rybelsus pill – buy generic semaglutide for sale buy desmopressin without prescription

Imgxts · April 24, 2024 at 10:38 am

nizoral cheap – order nizoral 200mg online buy sporanox 100mg

Zlpfxu · April 26, 2024 at 5:08 am

famciclovir 250mg tablet – buy cheap famciclovir valcivir 1000mg price

Ojfcgj · April 26, 2024 at 12:16 pm

buy digoxin 250mg pills – buy generic irbesartan furosemide 40mg tablet

Yhwbae · April 28, 2024 at 2:22 pm

microzide 25mg brand – order prinivil generic order generic zebeta

Gzyylx · April 29, 2024 at 8:58 am

lopressor drug – oral inderal 10mg adalat 30mg uk

Kyadoz · April 30, 2024 at 1:58 pm

purchase nitroglycerin online cheap – buy lozol 1.5mg sale order diovan 80mg pills

Daurob · May 3, 2024 at 5:44 am

crestor pills just – rosuvastatin pills snort caduet baby

Pxfgun · May 4, 2024 at 5:55 am

simvastatin ghoul – simvastatin messenger lipitor for sale online

Iyghlm · May 5, 2024 at 12:22 pm

viagra professional online slow – avana glide levitra oral jelly online respect

Bbkmnj · May 7, 2024 at 8:15 am

priligy goblin – udenafil start cialis with dapoxetine precise

Nfpvvk · May 8, 2024 at 3:01 am

cenforce witness – tadalis online hum brand viagra statement

Abihnr · May 10, 2024 at 12:22 am

brand cialis wipe – viagra soft tabs dish penisole scientific

Nztyjr · May 11, 2024 at 2:04 pm

cialis soft tabs online nowhere – viagra oral jelly retreat viagra oral jelly hurl

Foohfh · May 12, 2024 at 10:53 am

brand cialis mere – forzest everything penisole pry

Fdlvck · May 14, 2024 at 8:38 am

cialis soft tabs okay – valif pills listen viagra oral jelly temple

Pfnvzx · May 18, 2024 at 10:04 am

cenforce battle – zenegra library brand viagra pills four

Sopmbn · May 19, 2024 at 7:53 am

priligy box – viagra plus catch cialis with dapoxetine stain

Xrhwtr · May 20, 2024 at 1:18 am

acne treatment curve – acne treatment weakness acne medication fix

Wamxbs · May 20, 2024 at 8:21 pm

inhalers for asthma neither – inhalers for asthma line inhalers for asthma summon

Tyaajz · May 21, 2024 at 9:36 pm

uti medication bench – uti antibiotics social uti antibiotics handful

Mkmblu · May 22, 2024 at 4:25 pm

prostatitis medications hunter – prostatitis pills style prostatitis treatment upward

Cqxptk · May 23, 2024 at 8:56 pm

valtrex pills recollection – valacyclovir pills side valtrex online grateful

Uexoln · May 25, 2024 at 11:15 am

loratadine medication shade – claritin pills lip claritin pills swoop

Ulundp · May 27, 2024 at 5:17 pm

claritin pills program – claritin pills lake loratadine puff

Liaqyb · May 27, 2024 at 11:39 pm

dapoxetine distant – dapoxetine vague priligy preserve

Mchoga · May 30, 2024 at 4:22 pm

promethazine familiar – promethazine people promethazine stupid

Ecffau · May 31, 2024 at 4:16 am

ascorbic acid warn – ascorbic acid afford ascorbic acid possibility

Rcuvzh · June 2, 2024 at 11:25 am

fludrocortisone pills winter – prevacid pills accept lansoprazole blue

Qfhjjf · June 6, 2024 at 1:28 pm

bisacodyl 5 mg cheap – buy generic dulcolax online buy liv52 10mg generic

Ejldew · June 7, 2024 at 1:20 am

buy aciphex 20mg generic – rabeprazole us order motilium for sale

Mylcwm · June 9, 2024 at 3:24 am

bactrim 960mg canada – order levetiracetam 500mg sale buy tobramycin 5mg sale

Cmqtin · June 9, 2024 at 11:31 pm

order eukroma generic – order cerazette 0.075mg generic order duphaston 10mg pills

Wyklqm · June 11, 2024 at 5:01 am

order forxiga pills – dapagliflozin order online purchase acarbose sale

Pplofj · June 12, 2024 at 12:28 am

griseofulvin 250 mg price – generic dipyridamole buy lopid 300mg online cheap

Ucpkun · June 13, 2024 at 4:14 pm

enalapril 10mg uk – order doxazosin generic latanoprost over the counter

Kcyiky · June 13, 2024 at 11:20 pm

dimenhydrinate for sale online – order actonel sale order risedronate online cheap

Leave a Reply

Avatar placeholder

Your email address will not be published. Required fields are marked *