Amend after agreeing to, paying on CP2000?

[Richard B]

If a client agreed to the changes proposed on a CP 2000 and paid the tax, can a subsequent amended return be filed if it's still an open year and new information is discovered?

[Abby Normal]

Yes. You never give up your right to amend.

[Max W]

16 hours ago, Abby Normal said:

Yes. You never give up your right to amend.

Only open years, the last 3, can be amended, and older years where there is tax due and only the tax can be reduced, but no refunds.

[Lion EA]

You can always amend. The IRS can accept or not. You will not get a refund older than 3 years/2 years since payment without extraordinary situations.

[JohnH]

How about an audit reconsideration?  We've discussed it before but I'm not sure whether or not it applies here - just throwing it into the mix. 

[Max W]

On 10/16/2019 at 10:59 AM, Lion EA said:

You can always amend. The IRS can accept or not. You will not get a refund older than 3 years/2 years since payment without extraordinary situations.

If a 1040x is filed one day late, it will not be accepted.  Other returns not accepted are those with no change in tax liability, those with missing forms or insufficient information and frivolous returns.  Otherwise, all others will be processed.

On 10/17/2019 at 8:19 PM, JohnH said:

How about an audit reconsideration?  We've discussed it before but I'm not sure whether or not it applies here - just throwing it into the mix. 

An audit reconsideration is an entirely differenent animal than an amended return.  Audit recons mostly happen after when the taxpayer is a no show for the audit and an assessment is made.  Then anything that was disallowed has to be substantiated with receipts, bank stmts, cancelled checks, etc., just like at an audit, but it is all done by correspondence.   In my expereience it is easier to get more favorable results than going to a face-to-face audit.