Do you need to amend a tax return ? 1-866-700-1040

August 11, 2010
Written by: steve

IRS : Do You Need to Amend Your Return? 1-866-700-1040
If you need to amend your Income tax return or any other tax return, call the professional tax team of Fresh Start Tax. 1-866-700-1040. Fresh Start Tax is one of the finest tax resolution companies in the United States and they are licensed to prepare and represent individuals and businesses in all 50 States. They have the highest BBB rating that is available. There team of experts have been in the tax business for over 28 years and have over 100 years of combined experience in the tax  industry . They have many former IRS Agents on staff and cannot only amend your tax return but work out an deals necessary if you owe a balance to IRS. Here are some tax tips for you:
Tax Tips for amending Tax Returns:
If you forgot to include some income or to take a deduction on your tax return ? you can correct it by amending your tax return.
In some cases, you do not need to amend your tax return. The Internal Revenue Service usually corrects math errors or requests missing forms ? such as W-2s or schedules ? when processing an original return. In these instances, do not amend your return.
However, you should file an amended return if any of the following were reported incorrectly:
Your filing status
Your dependents
Your total income
Your deductions or credits
You may also elect to amend your 2009 return if you are eligible to claim the first-time homebuyer credit for a qualified 2010 home purchase. The amended tax return will allow you to claim the homebuyer credit on your 2009 return without waiting until next year to claim it on the 2010 return.
Use Form 1040X, Amended U.S. Individual Income Tax Return, to correct a previously filed Form 1040, 1040A or 1040EZ. Be sure to check the box for the year of the return you are amending on the Form 1040X, Line B. 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 processing center.. The 1040X instructions list the addresses for the centers.
The newly revised Form 1040X (Rev. January 2010) now has only one column used to show the corrected figures. There is an area on the front of the form where you explain why you are filing Form 1040X.
If the changes involve other schedules or forms, attach them to the Form 1040X. For example, if you are filing a 1040X because you have a qualifying child and now want to claim the Earned Income Credit, you must attach a Schedule EIC, Earned Income Credit to show the qualifying person’s name, year of birth and Social Security number.
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. If you owe additional tax for 2009, you should file Form 1040X and pay the tax as soon as possible to limit interest and penalty charges. Interest is charged on any tax not paid by the due date of the original return, without regard to extensions.
Generally, to claim a refund, 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.
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