The 1040X isn’t hard. There are three columns: column A is the original figure from the first return, column B is the change ...
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 ...
Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...
Once you’ve clicked “file” or dropped your tax return in the mail, use this form to provide the IRS with updated information Written By Written by Contributor, Buy Side E. Napoletano is a contributor ...
Filing an amended tax return The actual process of correcting a tax return is pretty straightforward: Simply submit Form 1040X and include whatever additional documentation might be necessary to ...
It’s not uncommon to make a mistake on your federal tax return or leave out important information such as a tax deduction or credit that you’re entitled to—but the IRS has a process that gives you a ...
What you need to know: If you need to amend your Individual Income Tax Return, file a new return with the corrected information and include a completed Schedule AMD. Check to see if your software ...