2006-11-30 06:29:53 · 6 answers · asked by Tony 2 in Business & Finance ➔ Taxes ➔ United States
You have three years from the due date of your 2003 return to amend it. If you did not extend the 2003 return you have three years from April 15,2004 to amend your 2003 return. If you extended the return you could have three years from either August 15th or October 15th. In other words you have until April, 15, 2007.
The IRS can audit for this three year period. They can also audit for a six year period, but they have to know that you understated your income by 25% or more to be able to audit beyond the three years.
2006-11-30 07:34:22 · answer #1 · answered by waggy_33 6 · 1⤊ 0⤋
If the security was deemed worthless in 2003, you need to report it as of 12/31 on your 2003 return. You have 3 years from the date the original return was filed or due. Presumably you have until 4/15/07.
If you purchased the security in 2003 and just found out it is worthless, then you will report it on your 2006 return next year.
If you need assistance amending your return or with future work, I handle returns nationwide.
2006-11-30 17:57:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you have sold the security and the profit loss occurred from it,you will have to inform the IRS and you can am mend the return from 2003 to 2006-all the return you have to amends it.If you have received the interest or profit gain do mentioned as interest earned.
2006-11-30 06:44:53 · answer #3 · answered by Google P 2 · 0⤊ 0⤋
Federal : Form 1040-X and attach Schedule M. (But check the refund amount you received first as the IRS corrected most of these automatically without contacting the taxpayer or requesting the Schedule M.) MO: 2009 Form MO-1040 and check the Amended Return box. MO amended returns are a relative pleasure, but the refund will take several weeks.
2016-05-23 05:29:07 · answer #4 · answered by ? 4 · 0⤊ 0⤋
usually you can amend a return up to 4 years ago.
This is also try of your CA state return. go to www.irs.gov for forms and such if you are doing it yourself, otherwise your tax preparer can do them for you now before the filing rush after year end.
2006-11-30 06:31:58 · answer #5 · answered by Jen 5 · 0⤊ 0⤋
IRS gives you 3 years, from date filed, but they can come after you for up to 7 if they wish to audit you.
See " Amending Your Income Tax Return" at the Turbotax.com website
http://turbotax.intuit.com/tax_help/Amending_Your_Tax_Return.jhtml
2006-11-30 06:31:33 · answer #6 · answered by Kevin K 3 · 0⤊ 1⤋