It can happen to any of us–you go through all the paperwork, fill in all the necessary information to the best of your abilities, and you drop the tax return in the mail. No sooner had you sent out your tax return did you remember that you forgot to add something from another W-2 or 1099. Now you have to file an amended tax return…

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Question: How do I go about filing amended tax returns? What should I be aware of?  A little advice would go a long way  right now.  I am very grateful for your help!

Answer: The IRS is not obligated under law to accept an amended (1040X) return. Generally they do, but they can chose not to.  They can also chose to audit an amended return especially if you report additional expenses, a reduction in income, or a loss from a business or profession.

If you amend a tax return, you could be putting yourself under increased IRS scrutiny and you will need professional tax help to defend yourself against the IRS. You will need an experienced tax attorney or tax resolution specialist to help you beat the IRS audit!

Lastly, you can only go back 3 years (from the date the original return was filed) to amend.

Amended tax returns have to be filed on paper, and they can take 8 to 12 weeks for the IRS to process. You should file an amended tax return if you need to correct your filing status, total income, tax deductions, or tax credits. You should not file an amended return if you are only correcting math errors. The IRS computers will check your math and correct any errors in calculation.

Tax Resolution Services is a team of tax attorneys and tax specialists that can help you!  Just call our office at 1-866-IRS-PROBLEMS for a free, no-risk tax consultation, or visit www.taxresolution.com

More Tax Help, IRS News and Tax Relief Tips:

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