Hello again smorehead,
If you had business income or a business loss from 2008 that you did not include when you filed your 2008 personal return, you will need to file an amended return
for 2008 to report this additional business activity.
If you used Tax Act to file your return, you may also use Tax
Act to file your amended return. This will need to be done before 10/15/09 , as after that time Tax Act will no longer support filing of 2008 returns.
What you will need to do is sign back in to your Tax Act account and follow the instructions for completing an amended return. Let Tax Act take you back through the entire interview process on income that you need to report. It will ask you if you have business income that you need to report and you will answer yes to that question. It will then ask you a series of questions which will allow you to input all of your business income and expenses. Tax Act will then fill out the needed schedules and recalculate your tax for you.
Amended returns cannot be electronically filed, so once you have completed this amended return you will need to print out the return and mail it to the IRS
. If your amended return results in more taxes being due, you will need to remit payment with the return that you mail. If the amended return results in a lower tax amount, you will receive a refund once the IRS has processed your amended return.
Thank you smorehead and let me know if you have more questions.