When you prepare the 1040X, it’s not necessary to complete a brand new tax return. Form 1040X only requires that you update numbers that will change. If your changes affect more than one tax return, ...
Taxes can be complicated, and it’s not uncommon to make a mistake on a tax return. The Internal Revenue Service recognizes this and allows taxpayers to amend their returns to correct errors they ...
If you’ve ever needed to amend your taxes, you know that the process takes place the old-fashioned way: by submitting your forms through the mail. But that will finally change later this summer when ...
9 facts on filing an amended return An amended tax return generally allows you to file again to correct your filing status, your income or to add deductions or credits you may have missed. Here are ...
Every year I must amend several clients’ returns that were previously filed for various reasons. This year as the Oct. 16 extension deadline for individual tax filing approaches, I am faced with a new ...
You likely already know you need some version of Tax Form 1040 to file your personal taxes, and you'll also be needing your W-2 from your employer to help you fill it ...
You are experiencing sweet satisfaction knowing that your taxes were filed on time. That is, until you realize that you took a deduction when you did not qualify for it, or forgot to claim an ...