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All of the following are true regarding individual voluntary contributions except: A. Voluntary contributions may be...

All of the following are true regarding individual voluntary contributions except:

A. Voluntary contributions may be made on the return Form 5420 2WZ
B. A taxpayer can make contributions of $1 or more, in whole dollar amounts
C. The voluntary contribution can only be made on the original return
D. Voluntary contributions can be reversed on an amended return

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Answer #1

The correct answer is D. Voluntary contributions can be reversed on an amended return

Voluntary contributions are irrevocable and cannot be made or reversed on an amended return

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