![]() Complete Form 1040-X: Add your personal information, details of what’s changed, and your explanation for the changes. You’ll need the information from your original tax return for the given tax year, any new documentation or forms, and the reason for the amendment.ģ. Download Form 1040-X from the IRS website.Ģ. If you just want to know how it works or don’t need help from a tax professional just yet, check out the steps below to understand how to file an amended tax return.ġ. Here’s how to start the process with the H&R Block Online product. For this reason, many people choose to work with a tax pro or online. How to file an amended tax returnįiling an amended return is considered a complex task for some. ![]() If you owe interest or a penalty, the IRS will bill you. If you owe tax, send the amount to the IRS along with the 1040-X tax form. If you’re due a refund, the IRS will send it to you after it accepts your amended return. Reporting additional income and withholding.What are the benefits of filing an IRS amended return?īelieve it or not, filing an amended return could result in benefits, like: If that’s the case, you have seven years after your original return’s due date to file the amended return. You have more time to file if you’re filing an amended tax return due to a bad debt or a worthless security. The tax deadline if you filed your return after the extension period expired.The actual date you filed your return within the extension period.If you received an extension, the filing date is: Within two years from the date you paid the tax.Within three years from the date you filed your original return.To obtain a refund, you usually must file an amended return: The IRS limits the time you can amend a return – so it’s important to understand your timeframes. How long do you have to file an amended return? Review your entire original return, as you might spot additional tax savings, such as missed credits or deductions. ![]() Before filing an amended return, ensure the IRS has already processed your return.Thankfully, the IRS will correct minor mistakes and may send you a bill for the additional tax owed, or a refund if you overpaid. You took the standard deduction, but actually would get more benefit if you itemized your deductions.ĭon’t worry about filing an amended tax return if you discover minor math errors.You didn’t claim important tax credits or deductions and want to take advantage of the tax benefits.(For example, you tried claiming the Earned Income Credit, but you don’t qualify). You claimed an expense, deduction, or credit you weren’t eligible for.You made a mistake on your original tax return: such as an incorrect deduction, claiming the wrong filing status, or omitting certain income (maybe you received a form after you filed).But there are a few instances where you should file an amended tax return: Re-doing your taxes probably sounds like a chore.
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