Filing taxes can be complicated, and mistakes do happen. Maybe you underpaid, or overpaid, or forgot to include key information. The good news is, there’s no need to panic. You can file an amended tax return if needed so that both you and the IRS have everything correct.
When to File an Amended Return
There are many reasons to file an amended return. Sometimes, you or your tax preparer may realize that there’s been an error. Other times, the IRS may flag your return and send you a notice that something’s not quite right.
Common reasons for filing an amended return include:
- Underpayment of tax due
- Overpayment of tax due
- Incorrect filing status
- Missing forms or income reports
If you need to file an amended return, you’ll typically need to file form 1040X, plus the correct versions of any additional forms or schedules that apply to your case.
When Not to File an Amended Return
If you have finished filing your tax return and you realize you made a math error, you do not need to file an amended return. The IRS has safeguards in place to catch and correct those errors internally.
If you are unsure whether or not you need to file an amended return, or if you need help with filing, contact your local tax professionals at Pro Tax Resolution We can walk you through the process so that you understand what’s going on and can get back on the right track with the IRS as soon as possible.
For expert tax assistance in Arlington and the surrounding area, call the Pro Tax Resolution team today!