How to Easily Amend Tax Return Before IRS Catches Your Mistakes?


Why amend tax returns? It is simple, to rectify any error that you realized after the tax return was filed. . Now, those errors can be proved very costly. The reason is penalty provisions under the Internal Revenue Code for most of the errors which have an effect on your total income. Amending tax return quickly is beneficial to tax health of a person!

Most common reason to amend tax return

As the famous saying goes – to err is human, but not rectifying the error will make you an accused in the eyes of the IRS as a tax evader. Apart from the error that leads to charges of concealing income, certain innocent errors in very important aspects of tax return -say your bank account number or the address, may affect the refund that you were expecting. The most common errors that taxpayers generally finds after the tax return was filed :

  1. You forgot some income to include income
  2. Chose the wrong filing status. …
  3. You either claimed more or claimed fewer deductions. …
  4. You inadvertently forgot to claim a credit or correct a tax credit that was either claimed less or more.

Amending is not required for some type of errors

It is good news for all that the processing team of IRS may rectify certain types of errors. Like a mathematical or clerical error on a tax return. If you found such errors in your tax return, no action may be taken by you to amend the tax return. But, any error which is not a clerical error, must be rectified by filing a revised or amended return especially if there’s a change in your filing status, income, deductions, or credits.

How to Amend Tax Return Easily?

IRS has notified a tax amendment form –  Form 1040-X  known as Amended U.S. Individual Income Tax Return. to amend a previously filed Form 1040, Form 1040A, Form 1040EZ, Form 1040NR, Form 1040NR-EZ. This form is easy one and just requires you to pint out correct figure for various fields.

How to file amended returns online or offline.

IRS has now upgraded its system to accept the amended return electronically. It means you can file Form 1040-X, electronically using available tax software products. This facility is year 2019 onwards. If you want to amend tax return filed earlier than 2019 , you need to file Form 1040-X in paper form only.

Where to mail amended tax returns?

If you are not filing the amended tax return electronically, it men’s form 1040X is revised in paper form and that need to be sent to IRS for processing. The address on which you need to send the amended tax return is dependent on the region where you live . Refer the the table below :

If you live inAddress to send amended tax return
Florida, Louisiana, Mississippi, TexasDepartment of the Treasury Internal Revenue Service Austin, TX 73301-0052
Alaska, Arizona, Arkansas, California, Colorado, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Oregon, South Dakota, Utah, Washington, Wisconsin, WyomingDepartment of the Treasury Internal Revenue Service Fresno, CA 93888-0422
Alabama, Connecticut, Delaware, District of Columbia, Georgia, Kentucky, Maine, Maryland, Massachusetts, Missouri, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, West VirginiaDepartment of the Treasury Internal Revenue Service Kansas City, MO 64999-0052
A foreign country, U.S. possession or territory*; or use an APO or FPO address, or file Form 2555, 2555-EZ, or 4563; or are a dual-status alienDepartment of the Treasury Internal Revenue Service Austin, TX 73301-0215

Where’s my amended return?

Okay, so once you amend your return, either electronically or in paper form, you will have a curiosity to know the amended tax return status. There are basically two ways to check the status of a revised tax return – one is to check the IRS online tool called Where’s My Amended Return? (WMAR) online tool or even contact on IRS phone number for this purpose 866-464-2050. We have posted a detailed article Sad! Where’s My Amended Return Doesn’t Show These 5 pieces of information!

Is paying taxes quickly as per amended wise move?

If you file an amended tax return and accrue a tax amount due, penalties and interest can still build up. You should pay this balance as soon as possible as you would with your original tax return (Form 1040).

How many years can you amend tax return?

Your question “how much time to amend tax return” is answered by IRS as three years. That is, you can file an amended tax return in form 1040-X up to three years from the date you file the original tax return or two years from the time you pay the tax for that year.

To illustrate how these two rules work, suppose you file your 2020 tax returns long before the April 15, 2021 deadline because you were due a $500 tax refund. If you later discover a tax deduction you are eligible for, but failed to claim, you have until April 15, 2024, to file a 1040-X and collect the additional tax refund that the deduction will provide you with.

Hope you understood everything about revising tax return and hopefully got the answer of ” What’s amended tax return?” and how to amend tax return.

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