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amend my tax return Archives - R. Darren Sanford, CPA, CGMA
May 242015
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Facts about Filing an Amended U. S. Individual Income Tax Return

You’ve filed your tax return and received your refund and later discover that you left out a tax document.  Perhaps it was an oversight or you received a tax document after filing your return.  You may also need to make a correction to the information previously reported or for some other reason.  How do you handle this situation?  Generally, filing an amended U. S. individual income tax return is the solution.

There are nine points you should know about when filing an amended U. S. individual income tax return:

  1. Use Form 1040X, Amended U.S. Individual Income Tax Return, to file an amended income tax return.
  1. Use Form 1040X to correct previously filed Forms 1040, 1040A or 1040EZ.  An amended return cannot be filed electronically, thus you must file it by mail.  It’s always best to use a method of mailing which allows for tracking so that you can confirm the IRS received your return.  This is also true for original returns filed by mail.
  1. Generally, you do not need to file an amended return due to math errors.  The IRS will automatically make that correction.  Also, do not file an amended return because you forgot to attach tax forms such as W-2s or schedules.  The IRS normally will send a request asking for those.
  1. Be sure to enter the year of the return you are amending at the top of Form 1040X.  Generally, you must file Form 1040X within three years from the date you filed your original return or within two years from the date you paid the tax, whichever is later.
  1. If you are amending more than one tax return, prepare a 1040X for each return and mail them in separate envelopes to the appropriate IRS address.  The 1040X instructions list the addresses.
  1. If the changes involve another schedule or form, you must attach that schedule or form to the amended return.
  1. If you are filing to claim an additional refund, wait until you have received your original refund before filing Form 1040X.  You may cash that check while waiting for any additional refund.
  1. If you owe additional tax, file Form 1040X and pay the tax before the due date to limit interest and penalty charges that could accrue on your account.  Interest is charged on any tax not paid by the due date of the original return, without regard to extensions.
  1. Your state tax liability may be affected by a change made on your federal return.  For information on how to correct your state tax return, contact your state tax agency.

Filing an Amended U. S. individual income tax return can be a complex and confusing task.  For assistance with preparing and filing Form 1040X, you may wish to seek the services of a professional tax preparer.  For more information contact me via the form below.

Disclosure of Material Connection: Some of the links on this blog are “affiliate links.” This means if you click on the link and purchase the item, I might receive an affiliate commission. Regardless, I only recommend products or services I use personally and believe will add value to my readers. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”

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