| Did you make a mistake on your tax return? | | | | information do you need to include? Generally |
| Mistakes happen, and there is no reason to get | | | | speaking, this form requests the corrected |
| upset. Instead, you need to file an amended | | | | information as well as the changes that are being |
| return to ensure that this error is taken care of. | | | | made. |
| No matter if you made an error in your favor or | | | | Many people are unaware of the fact that they |
| against yourself it has to be done to get | | | | can file an one within three years of the original |
| everything squared away. | | | | filing date. So if you made a mistake in the past |
| Why? In most cases you need to do this if you | | | | and have been putting it off you may still have |
| realize a mistake in the following areas: your total | | | | time to rectify the situation. But of course, it is |
| income, your filing status, your credits, your | | | | better to do this sooner rather than later to |
| deductions, or your dependents. The IRS usually | | | | ensure accuracy. If you did not pay your taxes in |
| corrects mathematical mistakes so you don't | | | | full the first time around you only have two years |
| have to worry about amending a return if you | | | | to make corrections. |
| added or subtracted wrong. | | | | As noted above, even if an amended form is |
| If you need to file this return you should start by | | | | going to cost you money it is better to be safe |
| filling out Form 1040X, Amended U.S. Individual | | | | than sorry. Remember, the IRS will more than |
| Income Tax Return. Does it matter how I filed | | | | likely catch the mistake soon enough. For peace |
| my return in the first place? No matter if you filed | | | | of mind you should file an amended return no |
| electronically or with the paper form you can | | | | matter what it will bring. |
| amend your return with Form 1040X. That being | | | | Filing and correcting a tax return is easy enough if |
| said, it is important to note that you must file | | | | you know the process for doing so. Once you |
| your amended return on paper. At this time the | | | | have Form 1040X by your side you will find it |
| IRS does not electronically accept Form 1040X. | | | | simple to get started. |
| What does Form 1040X look like? What type of | | | | |