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What if I need to amend a tax return? | Latest News
What if I need to amend a tax return?
OKLAHOMA CITY - You completed your tax return and submitted it on time. But while you thought tax time was behind you, suddenly you realize that you made a mistake on your return. What can you do? Don’t panic: There is a process for amending your return ... read more
McCain to make dramatic return for Obamacare vote
John McCain, diagnosed with brain cancer just a few days ago, would return to Washington for the Tuesday vote ... Then there’s McCain, whom GOP leaders sorely need on the procedural vote. He has been critical of both the substance and process of ... read more
The Latest: Senate blocks proposal to repeal 'Obamacare'
Senators voted 57-43 late Tuesday to reject the plan in the first vote on an amendment to the bill ... by Senate Majority Leader Mitch McConnell erasing the Obama law's tax penalties on people not buying insurance and cutting Medicaid. read more
You Made a Mistake on Your Tax Return. Should You Amend It?
In such cases, “there is no need to amend your return.” However, the IRS says, “do file an amended return if there is a change in your filing status, income, deductions or credits.” Q: Suppose I want to fix mistakes on tax returns for more than one ... read more
Amended Tax Returns: Did You File With a Mistake?
Your next move: file an amended tax return. Simply put, an amended return is usually filed because something was incomplete, incorrect or omitted from the original tax return. It should be filed if you forgot to claim credits and deductions, or need to ... read more
What to Do If You Find a Mistake on Your Tax Return
If fixing the mistake would mean a larger refund, the experts say you'll need to determine if any fees you pay a tax preparer to file an amended tax return will offset the extra money coming back to you. On the other hand, if the mistake was an honest ... read more
Ten Tips For Amending Your Tax Return
Here are 10 things you need to know about amended returns. No. 1: Amended returns are NOT mandatory. This may surprise you, but you are not under an affirmative obligation to file an amended tax return. You must file a tax return each year with the IRS if ... read more
Do you need to file a tax return in 2017?
Special Circumstances There are, however, some other financial situations that will require you to file a tax return, even if your gross ... this tool at IRS.gov/filing – click on “Do you need to file a return?” under the Get Ready tab. read more
What You Should Know about Filing Amended Tax Returns
Q: What if I’ve made a mathematical error on the tax return I already submitted? A: Generally, you do not need to file an amended return to correct mathematical errors because the IRS will automatically make such corrections and send you a printed notice. read more
What if I need to amend my tax return?
How does the process work? You can generally amend a return up to three years from the date the original return was filed (or up to two years after the tax was paid, whichever is later). If you were due a refund from your original return and realize you ... read more
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