Tax Tips And Tools For The 2017 - 2018 Tax Season

Amend Tax Return

Amend Tax Return

The question "how do I amend my tax return" gets asked thousands of times every year. Correcting errors after your tax return has been filed is referred to by the term "amend tax return" which in most cases can be a fairly simple process to complete, though it could delay any refund you have coming.

TurboTax and H&R Block Federal Tax Filing Amend Tax Return with TurboTax

 Amend Tax Return with H&R Block

How To Amend Your Tax Return

How To Amend Your Tax ReturnShould you discover that you made an error after your return has been mailed, you may need to amend your return.

The Internal Revenue Service (IRS) service center may at times accept tax returns with certain schedules or forms left out, as well as correct some errors for income tax calculations on your tax return.

In these instances you should not amend your return! However, you will need to file an amended return if your stated income, filing status, deductions or credits were incorrect. You can make changes or an adjustment to a tax return you’ve already filed by filing an amended return.

Top 10 things you should know about amending your federal income tax return:

  1. To amend your federal tax return you need to use Form 1040X, Amended U.S. Individual Income Tax Return. Form 1040X is used to correct previously filed 1040, 1040A, 1040EZ, 1040NR and 1040NR-EZ Forms. This form can also be used to correct an electronically filed (efile) tax return.

  2. You generally do not need to file an amended return for errors in math calculations; the IRS will automatically make these types of correction for you.

  3. You generally do not need to file an amended return if you forgot to include your W-2s or schedule tax forms. In this case the IRS will normally send a request asking you to submit those documents.

  4. You can only amended your federal income tax return by mail with a paper copy of your amendment file (not digital or electronic).

  5. You should file an amended return if your total income, filing status, dependents, deductions or credits were reported incorrectly on your original return.

  6. To amending more than one tax return, you will need to prepare a separate 1040X for each one. You will then need to mail them to the IRS campus in separate envelopes directed to the area in which you live. The 1040X instructions will list the addresses for each campus.

  7. If your tax return changes involve another schedule or form, you must attach it to your 1040X.

  8. TurboTax Online Tax Return PreparationBe sure to enter the tax year of the return you are amending at the top of your Form 1040X. You are generally required to file the Form 1040X within three years from the date that you filed your original federal income tax return or within two years of the date you paid that years taxes, whichever is later.

  9. If you find that you owe additional taxes on your Form 1040X you should file it as soon as possible and pay the additional taxes right away to limit penalty and interest charges. Interest is charged on any tax amount not paid by the due date of the original return, regardless of extensions.

  10. When filing to claim an additional refund you should wait until you have received your original refund before filing Form 1040X. You can cash that check while waiting for an additional refund.

Use Form 1040X Amend U.S. Individual Income Tax Return, for changes to forms below:

  • H&R Block Online Tax Preparation SoftwareForm 1040

  • Form 1040A

  • Form 1040EZ

  • Form 1040NR

  • Form 1040NR-EZ

If you owe additional taxes you need to amend tax return documents by filing Form 1040X and pay the additional taxes due by April 15 of the following year to avoid penalties and interest.

For due dates falling on a Saturday, Sunday, or legal holiday, your taxes are due the next business day.

The Form 1040X has been redesigned with just one column where the Correct Amount is the only figure you need to enter making it easier to make changes to previously filed returns.

Do not include any interest or penalty corrections on Form 1040X; they will be adjusted automatically by the IRS as needed.

Tips for Amending Your Tax Return:

  • When amending tax returns, attach copies of any W-2 forms received after the original return was filed as well as other forms or schedules that are being changed as a result of the amendment.

  • There is an area on the front of the form where you can explain why you are filing the Form 1040X.

  • Returns filed before the due date (regardless of extensions) are considered filed on the due date.

  • Processing for amended tax returns usually takes 8 to 12 weeks from the date of IRS receipt.

  • Your state tax return liability may be affected by any changes made on your federal income tax return.

  • For information on how to correct your state tax return, contact your state tax agency.

The Internal Revenue Service will usually correct math errors and let you know of any changes. In these instances, you don't need to amend tax return forms yourself. However, you should file an amended return if you discover that any of the following were reported incorrectly (before the IRS does).Start Your Tax Amendment Now!

  • Your deductions or credits

  • Your filing status

  • Your total income

  • Your dependents

If you send the IRS a corrected tax return in these instances, you might be able to get more money back.

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