Amendment Notes
Cut through the noise. Stay up to date on IRS changes, tax tips, and best practices on amended returns and IRS notices.
Amended Return Tax Education in Plain English.
Articles on correcting a return you already filed, with a focus on cryptocurrency: when an amendment may be needed, how to fix cost basis errors, rebuilding activity across wallets and exchanges, and the penalty questions a correction can raise.
Multi-Wallet and Multi-Exchange Reconstruction for Amended Returns
A multi-wallet and multi-exchange amendment is rarely a small project. The taxpayer has activity spread across several custodial exchanges, multiple…
What If Your Crypto Tax Software Was Wrong?
A crypto tax-software output is a starting point, not a finished return. The aggregator was given a set of accounts, addresses, and transactions; it…
How to Correct Cost Basis Errors for Cryptocurrency
A cost-basis error on a cryptocurrency return rarely looks like a single wrong number on Form 8949. It is usually a methodology problem: the wrong…
Crypto Amendment Fact Patterns with Kwong Overlap: DeFi, NFTs, Multi-Wallet Reconstruction, and the Penalty-Postponement Intersection | Special Deadline is July 10, 2026 |
A 2018-2022 crypto trader rebuilding incomplete books today is doing two things at once: reconstructing what should have been on the original return…
Crypto Amended Returns, Penalty Exposure, and Kwong: When a Digital-Asset Correction May Need More Than Form 1040-X | Special Deadline is July 10, 2026 |
A crypto trader who is preparing a 2018-2022 Form 1040-X to correct basis, add omitted income, or reconcile against an exchange’s revised cost-basis…
Do You Need to Amend a Tax Return for Cryptocurrency Transactions?
A cryptocurrency amendment looks like a Form 1040-X problem and is almost always a records-reconstruction problem. Digital assets are property for U.S.…