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Amending Tax Returns – Filing Amended Back Tax Returns, Former Agents

April 19, 2013
Written by: Fresh Start Tax

Amending Tax Returns – Filing Amended Tax Returns, Former Agents  1-866-700-1040

 
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.
Here is what to do. Should you have any questions feel free to contact us today to get help for amending your back tax returns.
1. Use Form 1040X, Amended U.S. Individual Income Tax Return, to file an amended tax return. An amended return cannot be e-filed. You must file it on paper.
2. You should consider filing an amended tax return if there is a change in your filing status, income, deductions or credits.
3. You normally do not need to file an amended return to correct math errors. The IRS will automatically make those changes for you. 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.
4.Very Important Note ;  Generally, you must file Form 1040X within three years from the date you filed your original tax return or within two years of the date you paid the tax, whichever is later.
Be sure to enter the year of the return you are amending at the top of Form 1040X.
5. If you are amending more than one tax return, prepare a 1040X for each return and mail them to the IRS in separate envelopes.
You will find the appropriate IRS address to mail your return to in the Form 1040X instructions.
6. If your changes involve the need for another schedule or form, you must attach that schedule or form to the amended return.
7. If you are filing an amended tax return to claim an additional refund, wait until you have received your original tax refund before filing Form 1040X.
Amended returns take up to 12 weeks to process. You may cash your original refund check while waiting for the additional refund.
8. If you owe additional taxes with Form 1040X, file it and pay the tax as soon as possible to minimize interest and penalties.
 
Should you have any questions feel free to contact us today about amending your back income tax returns.
 

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