SEARCH


PK Tax Services, L.L.C.
PK Tax Services, L.L.C.
  • Home
  • Services
    • 2021 Tax Season Documents for 2020
    • Year-End Tax Planning
    • FAQs on Mixed Marriages
  • Resources
  • Meet the Company
    • Videos
  • Blog
  • Contact
  • Client Portal Instructions

BLOG

How to fix a Tax Return Error

5/19/2015

0 Comments

 
If you discover a tax return error after filing your return, you may need to amend your return.The IRS may correct errors in math on a return and may accept returns without certain forms or schedules. In these instances, there is no need to amend your return! However, do file an amended return if there is a change in your filing status, income, deductions, or credits. Also, if the Form 8938 (PDF), Statement of Specified Foreign Financial Assets, applies to you, the form must be filed with an annual return or an amended return. See When and How To File in the Form 8938 Instructions (PDF).

Use Form 1040X (PDF), Amended U.S. Individual Income Tax Return, to correct a previously filed Form 1040 (PDF), Form 1040A(PDF), Form 1040EZ (PDF), Form 1040NR (PDF) or Form 1040NR-EZ (PDF). You cannot file an amended tax return electronically under the e-file system. See Where To File in the Form 1040X Instructions (PDF) for the address to mail your amended return.
If you owe additional tax for a tax year for which the due date for filing has not passed, file Form 1040X and pay the tax by the due date for that year (without regard to any extension of time to file) to avoid penalties and interest. If the due date falls on a Saturday, Sunday, or legal holiday, filing the form and paying the tax is timely if filed or paid the next business day.
Generally, to claim a refund, you must file Form 1040X within 3 years after the date you filed your original return or within 2 years after the date you paid the tax, whichever is later. Returns filed before the due date (without regard to extensions) are considered filed on the due date.
File a separate Form 1040X for each tax year you are amending. Mail each form in a separate envelope. Be sure to enter the year of the return you are amending at the top of Form 1040X. The form has three columns:
  • Column A shows original figures (the original return) or adjusted figures (prior amendments or exam changes).
  • Column C shows the corrected figures (what they should be).
  • Column B is the difference between Columns A and C. There is an area on the back of the form to explain the specific changes you are making and the reason for each change.
Attach copies of any forms or schedules affected by the change including any Form(s) W-2. You should also attach Form(s) 1099 if received after the original return filing and there is income tax withheld.
You can check the status of your Form 1040X (PDF) using the Where's My Amended Return? (WMAR) online tool or the toll-free telephone number 866-464-2050 three weeks after you file your amended return. Both tools are available in English and Spanish and track the status of amended returns for the current year and up to three prior years.
You must enter your taxpayer identification number (usually your Social Security number), date of birth, and ZIP code in either tool to prove your identity. Once you authenticate, the Web tool shows an illustrated graphic to visually communicate the status of your amended return within the processing stages: Received, Adjusted, or Completed. As a reminder, amended returns take up to 16 weeks to process and up to three weeks to show up in our system. Before that time, there is no need to call the IRS unless the tool specifically tells you to do so.
Originally posted on irs.gov if you need more help, contact Pat at PK Tax Services.

0 Comments



Leave a Reply.

    Picture
    Pat Kolodziej
    ​C.P.A., M.S.T.


    Categories

    All
    IRS Tax News
    Just For Fun
    Tax Tips For Businesses
    Tax Tips For Individuals


    Archives

    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015

Pat Kolodziej, CPA, MST
Managing Member
PK Tax Services, L.L.C.

87 South McLean Boulevard, Suite A
South Elgin, IL 60177


Phone: (224) 227-6061
Cell: (847) 858-5074

Fax: (224) 227-6059
Contact Us
Client Login
Picture
Picture
Picture
Picture
Picture
Picture
BACK TO TOP

Proudly Serving: South Elgin Illinois, St. Charles Illinois, Elgin Illinois, Geneva Illinois, Batavia Illinois, Bartlett Illinois, West Chicago Illinois, Algonquin Illinois, Crystal Lake Illinois, Aurora Illinois, etc.

© 2017-2020 PK Tax Services, LLC  |  All Rights Reserved  |  Website Created by LislDesign.com

PK Tax Services, L.L.C.