Northside neighbohood Indianapolis/Carmel professional CPA firm located near Nora Plaza and the Monon Trail.
If you need to amend your tax returns after you e-filed or mailed the tax return due to an error, missed deduction, credit or a revised tax reporting form, here are points the IRS wants you to know.
1. Use Form 1040X, Amended U.S. Individual Income Tax Return, to file an amended income tax return.
2. Use Form 1040X to correct previously filed Forms 1040, 1040A or 1040EZ. An amended return cannot be e-filed; you must file it by paper.
3. Generally, you do not need to file an amended return to correct math errors as the Center will automatically make that correction.
4. You must file Form 1040X within three years from the date you filed your original return or within two years from the date you paid the tax, whichever is later.
5. If the changes involve another schedule or form, you must attach that schedule or form to the amended return.
6. If you owe additional tax, file Form 1040X and pay the tax before the due date to limit interest and penalty charges that could accrue on your account. Interest is charged on any tax not paid by the due date of the original return, without regard to extensions.
If you have any of the above situations, please reach out to us. Our CPA firm team will be happy to resolve your amended tax returns.
