We've got just about two weeks left in the 2025 tax season, and this late in the game, if you made a mistake on your tax ...
The Internal Revenue Service is now letting taxpayers submit Form 1040-X electronically when they want to file an amended tax return through commercial tax software, in what the agency called a “major ...
Taxpayers typically amend their returns to correct mistakes, claim missed deductions or report additional income. While the IRS does allow amendments, many worry that filing a Form 1040-X could ...
The IRS released Tax Tip 2024-38, April 25, 2024, to explain to taxpayers how to amend a tax return. If a taxpayer discovers an error after filing their return, the ...
When should you amend your tax return and when is it required that you do so? You need to file one with the IRS each year if your income is over the requisite level, which depends on your age and ...
If you had to submit an amended tax return this year, you may be wondering how come you haven’t received your tax refund yet. Due to IRS staffing shortages and an influx of amended returns, the IRS ...
As we approach the end of tax season, most taxpayers have either filed their 2017 tax returns or are in the homestretch of getting all their tax information ready for the final push toward the April ...
Every year I must amend several clients’ returns that were previously filed for various reasons. This year as the Oct. 16 extension deadline for individual tax filing approaches, I am faced with a new ...
Business owners who discover errors or other information that affects past tax returns can file amended returns. How far back they can do so, and how they go about amending their returns, depends on ...
The Internal Revenue Service hasn’t done enough to improve its procedures for reviewing amended tax returns to reduce erroneous and fraudulent tax refunds, according to a new report. The report, from ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. This article is more than 5 years old. The IRS has announced that ...