by Blair Butters | Jun 4, 2019 | Uncategorized
Mistakes happen: you forget about your side-job income, forget to declare a dependent or forget to include important documents in your tax return. Perhaps your filing status changed, or you didn’t claim a key deduction. The quickest way to remedy the issue is to file an amendment, but you shouldn’t do this right away. If you made a mistake after filing your taxes, you cannot make changes until the IRS accepts or rejects your return. If your return is rejected, the IRS will tell you what information they need in order to fix the mistake. If you filed online, simply upload the necessary documents and make the appropriate changes from there. If you filed your taxes manually, you can mail in the corrected or additional documents, and if you hired a CPA to file your taxes, they can submit the additional information on your behalf. If you made a mistake, but your tax return was accepted by the IRS: If your return is accepted and the IRS does not catch the error or make the correction for you, you’ll need to confess to the mistake and amend your tax return. You can only amend an e-filed return accepted by the government or a paper return that has already been mailed. This means you need to wait until your taxes are fully processed, and you’ve received your tax return or paid your tax bill in full. The most important thing to keep in mind is that there’s no need to panic. Generally, you have up to three years of the original due date of your return to amend your...
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