It sometimes happens that after submitting your tax return, you realize, to your horror, that you made a mistake (or two). If this sounds familiar, it might be time to talk to a tax professional to have your return amended. In some cases, government tax representatives will correct basic math errors and even receive basic returns that don’t include all of their paperwork. If that happens to you, great! If not, a tax professional is here to help.
But if you know you made a mistake with what you listed as your filing status, the amount of income you received last year, an error on your withholding or credit, you definitely need to go ahead and see how. file an amended tax return. The process is usually very easy and simple, depending on the type of error you made on your original tax return.
Filing an amended return requires Form 1040X if you are only correcting errors made on your 1040, 1040A, 1040NR, 1040NR-EZ, or 1040EZ. This form can be downloaded in PDF format from the IRS website. If you are going to file an additional tax relief return, it is important that you wait until you receive the promised amount of your original refund before you file an additional claim form.
If you owe taxes and the due date has not yet passed, you need to file a Form 1040X and ensure that you pay taxes before the due date so that you are not faced with the many penalties and additional interest costs that could have easily been avoided. If your due date falls on a weekend or on a government-celebrated holiday, your due date is actually the next business day (Monday to Friday).
If you need a service center to help you fill out your tax change form, you can find the address and other contact information for the location closest to you by looking at the Form 1040X instructions listed on the IRS website. You can also contact the IRS customer service center and a tax professional can resolve your concerns over the phone.
There may be situations that arise when modifying your tax return that may require the assistance of legal counsel to obtain the amount of return you deserve without penalty. A tax attorney is always a good investment when dealing with legal issues regarding the IRS and their paperwork. Some of the reasons why you might need the help of a professional attorney are if you need someone to handle a very complex, technical or legal tax issue that you cannot solve on your own, if you have taxable property or you need to configure an estate planning strategy, and if you plan to If you file a lawsuit against the IRS, you will definitely need the help of legal counsel.
This attorney can also assist you with a plan to find an independent review of your case before you face US Tax Court, if you are under a criminal investigation with the IRS, or if you have any tax fraud committed, which will include claiming false income, deductions or credit. If these are circumstances that are not in your favour, then you need tax assistance from a tax attorney to settle your case.
It is important that you ask the attorney you are planning to choose from if they have experience working with cases similar to yours, and if they can indeed help you with your own legal tax needs. If not, then they may be able to refer you to another tax attorney who can help you with your case.
When you file Form 1040X, it is important that you remember to attach any copies you may have of the original form or schedule that you have changed or need to change due to an amendment. This includes any W-2 forms you may have as well as anything you received after you first filed your tax return. You can find all the necessary tax forms you’ll need by calling 800-829-3676 or visiting the IRS website. Keep in mind that modified tax forms cannot be processed online using the e-file system, even if you used this system to file your original tax return. The usual processing time for Form 1040X is typically eight to twelve weeks from the date the IRS receives your form.