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What Is an Amended Tax Return? | Latest News

What Is an Amended Tax Return?

What is an amended tax return? It's your do-over, your mulligan, your second chance. The IRS recognizes that we sometimes make mistakes on our tax returns, or that our circumstances can change, so we're allowed to file amended tax returns -- via IRS Form ... read more

How To Fix Your Mistakes By Filing An Amended Tax Return

If the amended return shows a balance due, include payment with your return (for more on how to pay your tax bill, check out this prior article; if you can’t pay in full, check out this prior article). There may be additional penalty and interest due but ... read more

What you should know about filing an amended tax return

"We have an amended return for the same reason pencils have erasers," said Smith. "We all make mistakes. … It's a mechanism to fix what's wrong." Reasons why a taxpayer might amend an income tax return filed this year, or even in previous years ... read more

Should you file an amended tax return? Here's what to do if you messed up on your taxes.

Just when you are patting yourself on the back for filing your tax returns on time, it suddenly dawns on you that you made a mistake. Maybe you forgot to declare your income from walking your neighbor's Pomeranian, or you didn't realize you couldn't ... read more

Ten Facts on Filing an Amended Tax Return

What should you do if you already filed your federal tax return and then discover a mistake? Don’t worry; you have a chance to fix errors by filing an amended tax return. This year you can use the new IRS tool, ‘Where's My Amended Return?’ to easily ... read more

Amended Tax Returns: Did You File With a Mistake?

But all hope is not lost! If you’ve realized you’ve forgotten something or you’ve entered the wrong information on your tax return, it can be corrected – even if you’ve already filed. Your next move: file an amended tax return. Simply put ... read more

How to File an Amended Income Tax Return (Form 1040X)

If you’ve made an error on your tax return after sending it in, you do have the ability to correct it using an amended tax form. For the IRS, this is the Form 1040X (and your locality also has the equivalent form and procedure). Filing an amended income ... read more

What is an Amended Return?

An amended return is an income tax return form that changes something from an original form filed. Most people file these types of returns because they made mistakes on the original income tax return and either owe money or are owed money by the tax agency. read more

How to File an Amended Tax Return

Revising your return can be accomplished by filing an amendment. Use Form 1040X along with a new Form 1040, plus any other necessary schedules and forms. There are a couple of drawbacks. Amended tax returns have to be mailed to the IRS on paper for manual ... read more

What is an amended tax return?

It is a second tax return which communicates inaccuracies filed on the return that preceded it and the correct or amended information. An amended tax return is usually triggered by the realization that there is an error or multiple errors on the original ... read more
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