Form 1040X

AAA

DEFINITION of 'Form 1040X'

A form used by taxpayers who have to amend their tax returns for any reason. Form 1040X is an itemized, line-by-line description of all necessary adjustments, so that the taxpayer can clearly record the exact type and amount of each amendment, and give a brief description of what is being amended and why.

INVESTOPEDIA EXPLAINS 'Form 1040X'

Form 1040X can be downloaded off the Internal Revenue (IRS) website. In most cases, taxpayers who use this form need to also amend their state tax returns. Taxpayers must fill out this form regardless of whether they initially used Form 1040, Form 1040A or Form 1040EZ.

To learn more about this IRS tax form, read When would I need to fill out an IRS Form 1040X when filing my taxes?

RELATED TERMS
  1. 1040 Form

    The standard Internal Revenue Service (IRS) form that individuals ...
  2. 1040EZ Form

    The 1040EZ is an alternative to the Internal Revenue Service's ...
  3. Amended Return

    A return filed in order to make corrections to a tax return from ...
  4. Deferred Tax Asset

    A deferred tax asset is an asset on a company's balance sheet ...
  5. Buffett Rule

    A tax rule proposed in 2011, by President Barack Obama, stating ...
  6. Benefits Received Rule

    1. A theory of income tax fairness that says people should pay ...
Related Articles
  1. Taxes

    Inaccurate Tax Return, Now What?

  2. Taxes

    Get A Tax Credit For Your Foreign Investments

  3. Taxes

    3 Common Tax Questions Answered

  4. Options & Futures

    Which is better for tax deductions, ...

Hot Definitions
  1. Capitulation

    When investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into ...
  2. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  3. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  4. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  5. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  6. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
Trading Center