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Posted by D. Stussy on August 24, 2009, 9:10 pm
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> I am years late filing and paying my taxes, and under a deadline now.
> Can I still file 1040 as an amended tax form later, after I file a
> 1040A now in order to meet the deadline they have given me?
No. Amended returns belong on form 1040X.
> Is my current deliquency a bar to getting a reduction of interest and
> penalties, by filing an amended tax form, after filing one now with no
> deductions in time for an individual deadline given to me on the phone
> by an officer of the IRS?
Interest: Yes. There is no provision for a reduction.
Penalties: Depends. Simple procrastination is not a valid reason.
> I had little income and don't owe that much tax, and may not benefit
> much by filing an amended 1040A, but still, have I lost that chance by
> being so late.
>
> I think the main thing I would gain is the form 1116 foreign tax
> credit, but that would reduce my taxes iirc on a dollar per dollar
> basis (almost?) as well as interest and penalties. So it might be
> worth it.
Check on this, but I don't believe you're eligble for form 1040A if you
need to include an 1116.
> Given my past behaviour and my ongoing state of depression, I'll
> probably never get around to filing amended returns, and I'll consider
> any extra money paid to be a) a contribution to America, b) my
> punishment for being tardy. But I should still know if I can or not.
>
> I may really need the money, I don't know. Just as I've been negligent
> with taxes, I've been negligent with everything else and don't even
> know how much money I have to live on.
Insufficient information.
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