Solved

How do I e-file a "Superseded" 1120S return?

Forum|Forum|6 years ago
June 3, 2019
3 replies
0 views

I e-filed my original 1120S return earlier today and then realized shortly after that I made a mistake. I went through the (obscure) process to created an amended 1120S return, but TurboTax won't let me eFile it.

My understanding is that a "superseded" return is one filed prior to the filing deadline; after that it becomes and "amended" return. I see no options in TurboTax to file a "superseded" return - though it would appear that other tax prep software has that option.

Am I stuck waiting until after the March 15 due date and then filing an Amended return? Will TurboTax let me e-file the amended return after that date? Can I re-print my amended Schedule K-1 and use it on my personal return prior to filing my amended 1120S (and accompanying K-1)?

TurboTax Business Windows

Best answer by JulieH1

You can file a Superseded return in TurboTax, but not electronically. Once you have made the corrections, you can reprint your K-1 and use on your personal return. If you have other shareholders, you have to amend their K-1s also.

You cannot efile an amended return either. You will have to mail it either way.

You would have to print and mail it in with the word "Superseded" across the top instead of putting an "X" in the amended bow.

You would do it the same way as an amended for below, but just write that on the top. Per the IRS: "You will not see a checkbox or selection entitled “Superseding Return” available on the paper forms."

Amending a Corporate or S Corporation Return

To amend a tax return for a corporation, file form 1120x.
To amend taxes for an S corporation, create a copy of the original return (on Form 1120S), and check Box H-4 (Amended Return) on the copy. Then use the copy to make the changes to the return, and re-file.

If the change results in a change to shareholder information, you must also file an amended Schedule K-1 and give a copy of the amended K-1 to the shareholder. Make a copy of the original K-1 and check the correct box to indicate that it is an amended K-1. Then make the necessary changes.

J

JulieH1Answer

You can file a Superseded return in TurboTax, but not electronically. Once you have made the corrections, you can reprint your K-1 and use on your personal return. If you have other shareholders, you have to amend their K-1s also.

You cannot efile an amended return either. You will have to mail it either way.

You would have to print and mail it in with the word "Superseded" across the top instead of putting an "X" in the amended bow.

You would do it the same way as an amended for below, but just write that on the top. Per the IRS: "You will not see a checkbox or selection entitled “Superseding Return” available on the paper forms."

Amending a Corporate or S Corporation Return

To amend a tax return for a corporation, file form 1120x.
To amend taxes for an S corporation, create a copy of the original return (on Form 1120S), and check Box H-4 (Amended Return) on the copy. Then use the copy to make the changes to the return, and re-file.

If the change results in a change to shareholder information, you must also file an amended Schedule K-1 and give a copy of the amended K-1 to the shareholder. Make a copy of the original K-1 and check the correct box to indicate that it is an amended K-1. Then make the necessary changes.

M

mtippinAuthor

So you're saying to just make the corrections to my 1120S in TurboTax, print out "all required forms for filing" and write "SUPERSEDED" at the top? Or do I print the original and mark up the corrections in pen on the printed pages?

M

MauryM

If you file an extension, file your taxes, but make a mistake and refile before Oct 15th, (when they are technically due...) Would that be considered superseded or ammended?

J

JotikaT2

If you filed your S-corporate tax return after you extended them, then they are technically filed. If you need to correct mistakes on that return, it is a superseded return. A return is considered superseded if it's filed before the original due date including extensions.

Amended returns are filed after the due date of the return, including extensions. In this case, anything filed after October 15th would be considered an amended return.

Please see the attached link to the IRS for more details.

Amended and Superseding Corporate Returns

@MauryM

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"