TAG Posted February 13, 2014 Report Share Posted February 13, 2014 I inadvertently E-F'd a MFJ return and should have E-F MFS returns. Now I need to amend before 4/15/14 to MFS. Any suggestions please. I know I need better glasses. Terry Quote Link to comment Share on other sites More sharing options...
MsTabbyKats Posted February 13, 2014 Report Share Posted February 13, 2014 Did you tell the client yet? What was the reason for mfs....maybe you can let them know they are better off by filng jointly. If you have to amend....I hope they're on speaking terms. Quote Link to comment Share on other sites More sharing options...
michaelmars Posted February 14, 2014 Report Share Posted February 14, 2014 YOU CAN't amend from joint to separate Quote Link to comment Share on other sites More sharing options...
Terry D EA Posted February 14, 2014 Report Share Posted February 14, 2014 You are correct. As mentioned earlier, I hope your client's are on speaking terms. Really no harm done as they will probably get a higher refund or greater reduced tax due. Quote Link to comment Share on other sites More sharing options...
Pacun Posted February 14, 2014 Report Share Posted February 14, 2014 Yes, you can amend before April 15th. This is a very stupid rule but after April 15th, you cannot amend. This is what I do, I prepare the efile file to make sure everything is in order. Then, I print the returns, then I resave the return and that will make the efile invalid. After they sign, I go back and recreate the efile file. I have made mistakes in the past that require amending, so I have learned my lesson. A mistake like yours should be shared with your clients immediately because one of them will get the check at his/her address. Quote Link to comment Share on other sites More sharing options...
michaelmars Posted February 14, 2014 Report Share Posted February 14, 2014 Yes, you can amend before April 15th. This is a very stupid rule but after April 15th, you cannot amend. This is what I do, I prepare the efile file to make sure everything is in order. Then, I print the returns, then I resave the return and that will make the efile invalid. After they sign, I go back and recreate the efile file. I have made mistakes in the past that require amending, so I have learned my lesson. A mistake like yours should be shared with your clients immediately because one of them will get the check at his/her address. I stand corrected as to amending prior to 4/15 Quote Link to comment Share on other sites More sharing options...
MsTabbyKats Posted February 14, 2014 Report Share Posted February 14, 2014 You are correct. As mentioned earlier, I hope your client's are on speaking terms. Really no harm done as they will probably get a higher refund or greater reduced tax due. But you (and I) assume that they aren't in the middle of a nasty divorce....or that the data was entered for both parties. This is my biggest tax nightmare...incorrectly e-filing. Quote Link to comment Share on other sites More sharing options...
Janitor Bob Posted February 14, 2014 Report Share Posted February 14, 2014 It happens to the best of us.....You're in Ohio like me...so I assume the couple is together and are just filing separate to take advantage of Ohio's crazy tax law. If so, it should not be an issue like it would be if they were estranged. Just let them know what happened and amend. Quote Link to comment Share on other sites More sharing options...
TAG Posted February 14, 2014 Author Report Share Posted February 14, 2014 MFS saves them $ 2,256 because of Ohio's stupid tax laws. They are married and like each other and are good clients. I will tell them the facts: 1. I'm having major trouble seeing; 2. I'm using a new tax software program-Drake; and I really didn't look as closely as I should have when I E-F'd.; I'm 66; been doing this since I was 21 and my body is falling apart. It's getting to the point where I need to be put out to pasture. Terry Quote Link to comment Share on other sites More sharing options...
MsTabbyKats Posted February 14, 2014 Report Share Posted February 14, 2014 Just a question because I have an Ohio client who got married in 2013. Is it because of the state....and under what circumstances? My client works...spouse is a stay at home dad...maybe with a tiny pension. Quote Link to comment Share on other sites More sharing options...
Jack from Ohio Posted February 14, 2014 Report Share Posted February 14, 2014 Just a question because I have an Ohio client who got married in 2013. Is it because of the state....and under what circumstances? My client works...spouse is a stay at home dad...maybe with a tiny pension. If there is a large difference in income, the MFS is not beneficial. A rule of thumb for Ohio Residents: If the difference in the two incomes is 20% or less, there is a good chance that MFS may help. However, if the couple is eligible for Education Credits, Earned Income or Childcare Credits, the benefits are way overshadowed by the losses on the Federal return. In your circumstance, it probably will not benefit them. Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted February 14, 2014 Report Share Posted February 14, 2014 YOU CAN't amend from joint to separate Yes you can as long as you do it by the extended due date. Quote Link to comment Share on other sites More sharing options...
joanmcq Posted February 15, 2014 Report Share Posted February 15, 2014 Before April 15, you can do a 'corrected' return. Quote Link to comment Share on other sites More sharing options...
RichRhodesEA Posted February 15, 2014 Report Share Posted February 15, 2014 Be careful and don't rely on the MFS worksheet this year. There are a number of items that don't calculate correctly, esp Ohio. If incomes are or can be made close, you almost have to do all 3 returns. Rich Quote Link to comment Share on other sites More sharing options...
TAG Posted February 15, 2014 Author Report Share Posted February 15, 2014 joanmcq, What's a "corrected" return? Terry Quote Link to comment Share on other sites More sharing options...
Pacun Posted February 15, 2014 Report Share Posted February 15, 2014 joanmcq, What's a "corrected" return? Terry It is a 1040 replacing a 1040 before April 15. Quote Link to comment Share on other sites More sharing options...
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