IRS Amended Returns: Saving You from IRS Tax Debt


IRS Amended Returns: When to Use Form 1040X

IRS Amended Returns - 1040xIRS amended returns can be a lifesaver. If you've made an error on your federal income tax returns, you can easily correct them with IRS Form 1040X without fear of additional penalties or other consequences with the IRS. Plus, depending on what you're amending, you could be entitled to a refund.

It should go without saying, but always be honest with IRS Amended Returns. Don't risk altering a past tax return to claim a refund you're not really entitled to. If you're caught, the IRS has every right to charge you with tax fraud, meaning you'll owe the money back (plus penalties and interest) and could even face jail time. Don't risk getting on the IRS' bad side; use IRS Amended Returns wisely. This page will help you do so.

When IRS Amended Returns Aren't Necessary

Simple mathematical errors can happen to anyone, and the IRS recognizes this. Their computers are smart enough to catch these errors and correct simple math mistakes for you, so don't worry about submitting IRS Amended Returns if that's your only issue. Missing W2s and schedules are also an easy fix that IRS Amended Returns aren't necessary for.

If you're looking to score additional income tax refunds, be aware that your IRS Amended Return must be submitted within 3 years of the return's due date. For instance, if the refund you're seeking is from your 2007 taxes (due April 15, 2008), then you are not eligible for that refund because it is now past April 15, 2011.

When IRS Amended Returns Are Needed

Larger errors and information the IRS doesn't have readily available will require you to submit IRS Amended Returns. For instance, you must file IRS Amended Returns if you are correcting your:

  • Number of claimed dependents
  • Filing status
  • Amount of income made during the year
  • Personal exemptions
  • Amount of claimed tax credits
  • Withholding amount

Even if filing an amended return results in you owing the IRS more than you had before, you should still submit your corrections. Once you file your income tax return, the IRS has 10 years to come after you for any outstanding amount, plus all penalty fees and interest charges that have accrued up to that point. You shouldn't go everyday with that worry hanging over your head.

IRS Amended Returns: Technical Tips

Now that you have the tools to decide if you need to file IRS Amended Returns, don't risk wasting anymore time by not abiding by the IRS' amendment rules. Keep the following in mind:

  • IRS Amended Returns cannot be submitted electronically, period. They must be submitted by regular mail.
  • You must file a separate Form 1040X for each year you're amending. If you're submitting IRS Amended Returns for multiple years, you must use separate envelopes for each year.
  • Include copies of any forms or schedules that will be affected by your IRS Amended Returns, including W2s or 1099s received after you originally filed.
  • If you're submitting IRS Amended Returns to claim an additional refund, wait until you've received your original refund before filing Form 1040X. You may cash your original refund while waiting for your additional refund.
  • IRS Amended Returns can take 8-12 weeks for the IRS to process, so be patient.

Call now or fill out the form below for a free consultation to learn if IRS Amended Returns can help resolve your tax debt. We'll only connect you with a tax debt relief company holding at least a B rating with the Better Business Bureau.


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