Do you amend your tax return to fix it? Do you owe a penalty for making a mistake? The IRS allows you to correct your return even if you make a huge mistake like forgetting to enter your Form W-2 earnings. The IRS has seen it all before. You found an error on your original return.
Did you enter your Social Security number incorrectly? Did you check the wrong box for your filing status? Did you simply make a typo when entering your Form W-2 wages? Did you forget to record a charitable contribution or other tax deduction? Other inconsequential errors are not worthy of amending a tax return.
The IRS will send you a letter letting you know they found an error and corrected it. If you agree with the corrections, you do not need to file an amended return. File the amendment when you discover the error.
You generally have three years to amend your tax return. In cases where you paid tax after you filed your original return, you only have two years to amend. If you discover you missed a tax credit for several years, you generally can only amend returns for the prior three years to claim a tax refund.
The EITC is a refundable tax credit. So even if you owed no taxes, you could file an amendment and claim a tax refund. Other tax credits, such as the child care credit or dependent care credit, are non-refundable. Therefore, if you owed no taxes, there is no use in filing an amendment for these unclaimed credits. On smaller devices, click in the upper left-hand corner, then choose Filing. Click on Amend Federal Return The program will proceed with the interview questions for you to enter the appropriate information to complete the amended return.
At the end of the process you will be prompted to print Form X, and the mailing address for the form will be provided note that you may have already completed both Steps 1 and 2 that are listed on the screen Amended Return - Four Steps if you have followed all of the above instructions.
You may need to verify with your state whether amending the federal return necessitates that you also amend your state return. Click here for steps to Amend Your State Return. Was this helpful to you?
Yes No. Submit Rating. Your request has been submitted. Error while submitting form. Review your returns and determine what corrections you need to make. Make a note of each item you are changing and the reason for each change as you will need these notes to complete the amendment. From within your TaxAct return Online or Desktop , click State , then click the applicable state name.
On smaller devices, click in the upper left-hand corner, then click State. Click Amended Return If you don't see the option listed, click to expand Miscellaneous Topics as it may be located there. The program will proceed with the interview questions for you to enter or review the appropriate information. Was this helpful to you?
0コメント