The IRS form for amending a return is Form 1040-X. TurboTax Tip: When you file an amended return, you should include any new documents needed to support your changes, such as a new or amended W-2 or 1099 form to report additional income, a new or amended Form 1098 Mortgage Interest Statement, or a Form 1098-T to claim an education credit.
Your transcript shows most of the lines from your tax return, including income, deductions, credits, and tax payments. If you didn’t file using TurboTax and can’t locate a copy of your return, you can order a copy of your tax transcript using the Get Transcript tool on the IRS.gov website.
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If you initially filed your tax return using TurboTax, you can access your tax return online or print a copy of that return by logging in to your account at TurboTax online or print a PDF of your return from the copy saved on your computer. If you missed claiming a tax deduction or credit, you’ll need documentation to support the new deduction you're claiming, such as a receipt for a charitable donation, new or amended Form 1098 Mortgage Interest Statement, or Form 1098-T to claim an education credit. If you need to correct the income you reported on your return, you may have a new or amended W-2 or 1099 form. Gather your original tax return and any new documents needed to prepare your amended return. The process for filing an amended return is fairly straightforward. If you're outside of that window, you typically can't claim a refund by amending your return.
Within two years of paying the tax due for that year, if that date is later.Within three years from the original filing deadline, or.The IRS limits the amount of time you have to file an amended return to claim a refund to: How long do you have to file an amended tax return? That way, you can get ahead of any potential tax liabilities you may owe and minimize penalties. Mistakes happen and they can be easily fixed by amending your return.įiling an amended tax return as soon as you can is highly encouraged. While the IRS typically audits returns filed within the last three years, it’s better to get ahead of any potential issues. The IRS could audit your previous years’ taxes, which may result in an additional tax liability. Are you required by the IRS to file an amended tax return? The IRS will often correct those types of mistakes on its own and, if necessary, send you a bill for the additional tax due or a refund if the error was in your favor. You usually don't need to file an amended return if you discover math or clerical errors on a recently filed tax return. When don’t you need to file an amended tax return? If you've already received your tax refund, then you know the IRS has already processed your return. That way, it will be less likely that the IRS will get your original return and amended return mixed up. You realize you claimed an expense, deduction or credit that you weren't eligible to claim.īefore filing an amended return, make sure the IRS has already processed the tax return you need to amend.You forgot to claim taxable income on your tax return.You accidentally claimed the wrong tax filing status.You realized you missed out on claiming a tax deduction or credit.
Here are some common situations that call for an amendment: There are times when you should amend your return and times when you shouldn't. When should you file an amended tax return? Here's what you need to know about filing an amended tax return. That's why the IRS allows taxpayers to correct their tax returns if they discover an error on a return that's already been filed.
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