fantastictax
Level 2
07-24-2024
08:18 AM
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i mistakenly filed an 1120 tax return for a client before i received his notice of acceptance for the same year as an scorp. how can i amend the return from 1120 into 1120s, i read online that i need to file an amended 1120x as zero then file a new form 1120s, but i am concerned that client will be hit with penalties for late filing 1120s which can be hefty. please advise on the best approach.
thank you,
Alex
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