| No one wants to receive an IRS audit. If the IRS | | | | original tax return; Column B provides information on |
| discovers a discrepancy in your return, it could lead to | | | | the adjustments made; Column C indicates alterations |
| future problems. If you find discrepancies in a previous | | | | made between columns A and B.o Do not forget to |
| return, the best thing you can do is file an amended | | | | write the year of the tax return you are amending at |
| tax return. | | | | the top of the form. Always double check the |
| An amended tax return is usually filed if you need to | | | | numbers and calculations. Indicate any change of |
| make revisions to a previous tax return. Most people | | | | address by checking the correct box.o After you have |
| file an amended tax return because they need to | | | | completed all needed information, double check |
| correct their filing status. This will allow them to claim | | | | everything for errors and then mail it to the IRS |
| the deductions that were missed as a result of filing in | | | | Service Center. Make sure you have written the |
| the wrong status. | | | | correct address of IRS in your area. An IRS agent will |
| Form 1040x, the Amended U.S. Individual Income Tax | | | | review your file to confirm that you have provided |
| Return, is used to file an amended tax return. This will | | | | enough information regarding your request for |
| correct the tax return filed under Forms 1040EZ, | | | | revision.o Pay the IRS the amount you owe before |
| 1040A, or 1040. Processing time usually takes between | | | | they impose penalties and additional interest. Never |
| 8 to 12 weeks. If you had simple mathematical errors, | | | | make any claims that you cannot validate since you |
| there is no need to file for an amendment since IRS | | | | might end up with a more serious problem.o In some |
| computers automatically do the math and check for | | | | situations, the IRS may require an audit of your |
| calculation errors. | | | | amended return due to insufficient information. To |
| The following tips and information should help you | | | | avoid going through the process, make sure that all the |
| correctly file your amended return:o When filling out the | | | | claims you have provided can be substantiated by the |
| form, clearly and concisely provide the reasons for | | | | documents you have attached to form 1040x. |
| making changes in your IRS return. Make sure you | | | | Filing an amended return is beneficial if you have to |
| provide all of the required information. It is important to | | | | make corrections to your tax return. Such corrections |
| include the necessary forms and documentation.o The | | | | can include changes on your deductions, recalculations |
| filing of the amended tax should only be done through | | | | of tax credits, or removal of previous dependents. |
| mail since submission of form 1040X is not available | | | | When filing an amended return, being careful will go a |
| electronically.o The form 1040x is divided into 3 | | | | long way. |
| columns; Column A indicates information on your | | | | |