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Tax File Amended Tax Return

Tax file amended tax return . This tax preparation blog will show how it will change your income tax return. The main  IRS  form you will use is the 1040x.  It is used to amendyour federal tax return.  We are only going to over what the IRS requires to file.  A 1040x could change your tax refund.  The amount of the change could change your tax bracket.

The Irs  came out with around 10 reasons to change your federal forms that you original filed.  They are 1. When to amend a return. You should file an amended return if you need to correct your filing status, number of dependents, total income, tax deductions or tax credits. The instructions for Form 1040X, Amended U.S. Individual Income Tax Return, list additional reasons to amend a return.

 

2. When NOT to amend a return. In some cases, you don’t need to amend your tax return. The IRS usually corrects math errors when processing your original return. The IRS will send you a request for whatever is missing if you did not include a required form or schedule.

Make sure you check the box to show the tax year that you are amending on the Form 1040X. You can not e-file an amended return. You must file an amended tax return on paper.

4. Multiple amended returns. Prepare a separate 1040X for each return if you’re filing an amended return for more than one year. Mail them in separate envelopes to the appropriate IRS processing center. (See “Where to File” in the instructions for Form 1040X.).

7. Amending to claim an additional refund. If you’re expecting a refund from your original tax return, don’t file your amended return until after you have received that refund. You may cash the refund check from your original return. The IRS will send you any additional refund you are owed.

8. Amending to pay additional tax. If you’re filing an amended tax return because you owe additional tax, you should file Form 1040X and pay the tax as soon as possible to limit any interest and penalty charges.

9. When to file. To claim a refund, you generally must file Form 1040X within three years from the date you filed your original tax return or within two years from the date you paid the tax, whichever is later.

You should file an amended return if you need to correct your filing status, number of dependents, total income, tax deductions or tax credits. The instructions for Form 1040X, Amended U.S. Individual Income Tax Return, list additional reasons to amend a return.

If you’re filing an amended return for more than one year, prepare a separate 1040X for each return. If you’re expecting a refund from your original tax return, don’t file your amended return until after you have received that refund. If you’re filing an amended tax return because you owe additional tax, you should file Form 1040X and pay the tax as soon as possible to limit any interest and penalty charges.

If you need need more tips and video on any thing for income tax please click to our other blog posts at  www.irs.albertcorey.net

Tax File Amended Tax Return

Corey & Associates contributed to this  Tax File Amended Tax Return  tax return post. We have been filing tax returns since 1985.  Our accounting has filed many amened tax return. If you have any questions please call us at 305-823-9228 or email albert@1040w2.com. Our office is open all year round. The address is 1800 W 68 St suite 118, Hialeah fl 33014.  Corey tax files all federal state and Corporate returns. All the forms and Schedules need to file an income tax return correct. We are minutes away from  Miami, Miami-Dade, Doral, Miami Lakes, Miami Gardens, Hialeah Gardens off the express ways. Right off I 75 for clients who live is South Broward, Pembroke Pines area.

To file amended tax return you need to use a 1040x. below is this tax form.

tax return

 

 

 

 

 

 

 

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