Strike That: IRS Guidance for Amending a Return
Yesterday, the IRS released advice for amending a federal tax return. Among the ten tips, the article highlights the circumstances necessitating an amended return, the number of forms needed, how long to wait before filing, when owed taxes should be paid, and more.
When filing an amended return, remember to get your hands on a Form 1040X. As the IRS suggests, don’t worry about correcting computational errors: They will make corrections for mathematical mistakes. The IRS also reminders readers that amended returns can be tracked online at IRS.gov.
To read the original article, click here.
Source: Internal Revenue Service