Tax & Accounting Blog

Superseding and Amending Business Returns

CS Tax & Asset Management Solutions August 27, 2014

GoSystem Tax RS iconThe IRS accepts both superseded and amended returns for Forms 1120, 1120S, 1120-F, and 1065. You must e-file superseded and amended returns if the original return was required to be e-filed.

Superseded Returns

Superseded returns are subsequent returns filed within the same filing period as the original return. A superseded return is considered the original filing, because the return takes the place of any other return that was previously filed during the filing period. All e-filed business rules that are enforced for the original return apply to the superseded return.

To create a superseded return in GoSystem Tax RS:

  1. In a 1065 return, navigate to Organizer > General Information > Basic Return Data, click the Partnership Information tab, and mark the Superseded Return (For efile purposes only) checkbox.
  2. In an 1120 return, navigate to Organizer > General Information > Company Information, and mark the Superseded Return checkbox.
  3. Make all necessary changes to the return and then follow the usual procedures for creating, reviewing, and submitting an e-file.

Amended Return

Amended returns are subsequent returns filed after the due date of the original return. For 1120, 1120S, 1120-F, and 1065 returns, the amended return should include the main form and any changes that you made. Also, for 1120 returns, only a subset of the business rules apply, while 1065 returns follow all business rules.

To amend a return in GoSystem Tax RS:

  1. Create a new return by navigating to RS Browser > Returns > Find Return, click the option for the type of return, click Continue, mark the Select checkbox for the locator, and click Save As in the Returns pane.
  2. In the new 1065 return, navigate to Organizer > General Information > Basic Return Data > Partnership Information, and mark the Amended return checkbox.
  3. In the new 1120 return, navigate to Organizer > General Information > Company Information, and mark the Amended return checkbox.
  4. For 1065 returns, make all necessary changes to the return, and then complete the Amended Return Explanation Statement under Organizer > Electronic Filing > Amended Statement.
  5. For 1120 returns, make all necessary changes to the return, and then complete Form 1120X.
  6. For 1120S returns, make all necessary changes to the return, and then complete the amended return changes detail under Organizer > Amended Return > Amended Changes > Add new Amended Changes.
  7. For 1065 and 1120 returns, include an updated, signed Form 8453 or Practitioner PIN information.