How Can I Track An Amended Tax Return
The good news is, if youre eager to see where your return is, there are ways to track it. You can call the IRS at 1-866-464-2050 or use its Wheres My Amended Return tool.
The tool can provide the status of amended returns for the current tax year and up to three years prior. The system can tell you if the IRS received your amended return, if your return has been adjusted to account for a refund, balance due or no change, and if the IRS is finished processing your amendment.
Once your amended return appears in the system, you can check its status daily since the system updates every day, usually at night.
How To Go About Filing An Amended Tax Return
With all the complexities of the US tax code there are times when mistakes are made on a tax return. So what do you do when you need to amend your income tax return?
First, you want to make sure that you actually proceed with an amendment. In most cases, you have to file your amended return within three years of the date you filed the original tax return, or two years from the date you paid any tax liability, whichever is the later of the dates.
Now, if the problem with the return is because you did not report income, or you filed under the wrong status or made other errors that would require you to pay more taxes, then you must file an amended return to correct the problems.
The first step in filing the amended return is to obtain Form 1040X. The 1040X serves a replacement to the original tax return. It also shows the difference between your original taxes and the amended return, so you will have to be prepared to document every deduction in the same manner as when you originally filed.
Make sure to double-check everything your amended tax return is likely to be examined even more closely than the original return. Occasionally, when filing the amended return you may want to attach a statement for the reason in changing the original return.
If You Owe Additional Tax With The Amended Return
Calculate the tax, penalty, and interest due, and include both your check and the IA 1040XV amended payment voucher with the amended return. You may make your tax payment online through ePay on our website or with a credit or debit card.
No penalty for additional tax is due if you voluntarily file an amended return and pay all tax due prior to any contact by the Department. However, interest will be due.
Do not send amended returns with the current-year return.
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Filing An Application For Abatement
Most taxpayers are able to file an application for abatement online with MassTaxConnect. Be sure to include all supporting documents so your request can be acted on as quickly as possible.
See Filing an appeal in MassTaxConnect for instructions on filing an application for abatement electronically.
Keep in mind that some taxpayers are required to file applications for abatement electronically.
Refer to TIR 16-9 to see if the electronic filing and payment requirements apply to you.
Filing electronically is always the quickest option but if you are not required to file electronically, you can mail a completed Form ABT.
How Long Does It Take For The Irs To Amend My Return
Due to COVID-19, the IRS is taking longer to process mailed documents, such as paper tax returns. The IRS is processing mailed documents in the order that it is received.
Your amended return can take up to:
- 3 weeks from the date you mailed it to show up in the IRS system.
- 16 weeks to process.
Amended returns may take longer than 16 weeks to process if the return is incomplete, has errors, is unsigned, is associated with identity theft or fraud, or includes Form 8379, Injured Spouse Allocation. In some cases, the IRS may contact you if more information is needed to process your return.
You can track the status of your amended return starting three weeks after you have filed. Visit Wheres My Amended Return? or call 866-464-2050. Both these tools are available in English and Spanish.
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How Can I File An Amended Tax Return
If you need to make changes to a previously filed tax return, youll use Form 1040-X. The form allows you to correct errors on these IRS Forms.
- 1040: This is the main individual income tax return for federal income taxes, starting with the 2018 tax year.
- 1040-SR: Seniors age 65 or older can use this form instead of the 1040, though both the 1040 and 1040-SR use the same schedules and instructions.
- 1040A and 1040EZ: The IRS retired both these forms with the 2018 tax year, but if youre filing an amendment for 2017 or earlier, you might have used one of these as your original return.
- 1040NR or 1040NR EZ: These forms are for nonresident aliens who work in the U.S.
Wheres My Amended Return
Track the progress of your amended tax return using the IRSs online tracking tool. You can also the progress of your amended tax return by calling the IRS.
It can take three weeks for an amended return to show up in the IRSs system and up to 16 weeks to process an amended return.
If nothing has happened after 16 weeks, call the IRS again or ask someone at a local IRS office to research your amended return.
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How Long Do You Have To File An Amended Return
- If you or the IRS changes your federal return, you must file an amended Virginia return within one year of the final IRS determination.
- If you file an amended return with any other state that affects your Virginia income tax, you must file an amended Virginia return within one year.
Interest on any amount due will still accrue from the original due date, so file the corrected return as soon as you can.
If Changes to Your Return Result in a Refund
We can only issue a refund if the amended return is filed within:
Amending An Individual Income Tax Return
Individual income tax returns from 2009 and forward may be amended electronically through Revenue Online. Filing and amending returns in Revenue Online is a free service. You may amend online even if the original return was filed on paper. Revenue Online has all the information from your original return. You will not need to re-enter everything.
If you cannot amend online, you may file the DR 0104X. Make sure you use the appropriate form version for the year you are amending. If you are changing your Colorado return because the IRS made changes to your federal return, you must file the DR 0104X within 30 days of being notified by the IRS. You must amend your Colorado return in this case, even if there is no net change to your tax liability. It is very important that you submit all schedules and supporting documentation for any changes with your amended return. You must submit all schedules, even if you are not changing those values.
Printable/downloadable forms can be found on the Individual Income Tax Forms web page.
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Can I File My Amended Return Electronically
If you need to amend your 2019, 2020 and 2021 Forms 1040 or 1040-SR you can now file Form 1040-X, Amended U.S. Individual Income Tax Return electronically using available tax software products.
Additionally, Tax Year 2021 Form 1040-NR Amended and Tax Year 2021 Form 1040-SS/PR Corrected returns can now be filed electronically.
You Can File An Amended Tax Return On Your Own
People with simple tax situations and small changes might be able to file an amended tax return on their own. Many major tax software packages include modules that will file an amended tax return. Many tax preparers are happy to file amended returns as well.
And note: Amending your federal tax return could mean having to amend your state tax return, too.
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Keep An Eye On The Calendar
Generally, the IRS audits only returns from the previous three tax years though there are major exceptions. So although it might be tempting to wait and see if the IRS will catch you in an error, it might be cheaper to fess up sooner rather than later.
The IRS charges interest and penalties on outstanding tax liabilities going all the way back to the original due date of the tax payment. So the longer you wait to fix a mistake, the more expensive that mistake can get.
How To Complete An Amended Return
You can file your amended return electronically, or on paper. If you file electronically, follow the instructions for your software provider.
In either case, make sure to indicate that its an amended return before filling it out.
For paper returns, mark the oval labeled Amended Return. Complete the new return using the corrected information, as if it were the original return. Do not make any adjustments to your amended return to show that you received a refund or paid a balance due with your original return. Attach a complete copy of your federal amended return, if applicable.
If your amended return results in additional tax due, interest must be paid on the tax you owe from the due date on the original return to the date filed or postmarked.
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If You Need To Change Your Return
You can make a change to your tax return 72 hours after youve filed it, for example because you made a mistake. Youll need to make your changes by:
- 31 January 2023 for the 2020 to 2021 tax year
- 31 January 2024 for the 2021 to 2022 tax year
If you miss the deadline or if you need to make a change to your return for any other tax year youll need to write to HMRC.
Your bill will be updated based on what you report. You may have to pay more tax or be able to claim a refund.
Theres a different process if you need to report foreign income.
How Does An Amended Tax Return Work
IRS Form 1040-X is the form you fill out to amend or correct a tax return. On that form, you show the IRS your changes to your tax return and the correct tax amount.
If youre fixing more than one year of returns, youll need to fill out a separate Form 1040-X for each. Youll also need to include forms or schedules affected by the changes.
If you’re filing Form 1040-X to get money back, you generally need to do so within three years of filing your original return or within two years of paying the tax, whichever is later.
You might catch an error before the IRS does, or you might receive new tax documents after youve already filed if your employer sends you a revised W-2, for example. In those cases, dont fire off a letter to the IRS saying, Forgot to include some income. Heres 10 bucks” or “You owe me $50.” Fill out Form 1040-X.
The IRS also has an interview-style tool that can help you to determine whether your situation requires filing an amended return.
In 2020, the IRS began allowing taxpayers to file Form 1040-X electronically. This means you can file an amended 1040 and 1040-SR form for tax years 2019, 2020, 2021 online. If you need to file an amended return for an older return , the amended return must be filed with the IRS by mail.
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When Should I File Form 1040x
The IRS says you probably need to amend your return if you made a mistake on your filing status, your income, deductions or credits on your original return. You should also amend your return if you need to:
- Correct information on your Form 1040, 1040-NR, or 1040-NR EZ
- Make certain elections after the prescribed deadline
- Change amounts previously adjusted by the IRS
- Make a claim for a carryback due to a loss or unused credit
If youre due a refund from your original return, wait until you get the refund before filing Form 1040X to claim an additional refund. On the other hand, if you owe more tax, you should file the amended returnand pay the taxas soon as possible to reduce any interest and penalties.
Theres a three-year window to file an amended return in order to claim a refund. That means you have three years from the date you e-filed your original return, or two years from the date you paid the tax, if that date is later.
There are some special rules that may apply, so check out the 1040X instructions for those.
Amending more than one return? Youll need to prepare a 1040X for each year you amend. Write the year of the return at the top of the 1040X. Form instructions should tell you where to mail it.
Want To Know How To File An Amended Tax Return
Today, were going to walk through, step by step, how to do it.
Lets dive right in!
As an accounting firm, weve filed our fair share of amended tax returns. And, we wanted to make this post so there is less confusion and stress surrounding the topic.
In todays post, well be going over when to amend your taxes and the 5 steps to actually amend your taxes.
Additionally, well also discuss how to track your amendment, and 5 tips to get your amendment right the first time.
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When Electronically Filing Amended Returns If A Field On Form 1040 Amended Return Is Blank Should The Corresponding Field On The Form 1040
For electronically filed Amended Returns: If an amount in a field on the Form 1040 or 1040-SR is blank, then the corresponding field on the Form 1040-X must also be left blank. If there is a zero in a field on the Form 1040 or 1040-SR, then the corresponding field on the Form 1040-X must also contain a zero.
When Should I Submit My Amended Tax Return
If your amended forms will result in a larger refund, the IRS recommends waiting to submit the 1040-X until youve received the refund from your original return. But if youll owe taxes based on your amended return, send in your 1040-X and pay the taxes as soon as possible to limit penalties and interest due on late tax payments.
Generally, you have three years from the date the return was originally filed to file an amendment, says Micah Fraim, a CPA in Roanoke, Virginia.
But multiple factors can influence how long you have to amend a return, including when you filed the original return, when you paid any tax you owed for that year and even if you have a disability that interferes with your ability to manage your own finances. Youll find more information in the When To File and Special Situations section of the 1040-X instructions each year. So if you think you may have missed the deadline, be sure to check if there are any special dispensations for your situation.
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Taxpayers Who Do Need To Amend Their Tax Return Might Have Questions About How To Do So Here Are Some Things They Should Know:
- Taxpayers may now use tax software to file an electronic Form 1040-X. At this time, only tax year 2019 Forms 1040 and 1040-SR returns can be amended electronically if the original 2019 tax return was also filed electronically.
- Taxpayers who cannot or chose not to file their 1040-X electronically should complete a paper Form 1040-X.
- If filing a paper 1040-X, mail it to the IRS address listed in the forms instructionsPDF under Where to File. Taxpayers filing Form 1040-X in response to an IRS notice should mail it to the IRS address indicated on the notice.
What Is Form 1040x
Form 1040X Amended U.S. Individual Income Tax Return is a special tax form used to correct errors on your tax return. It serves like a road map that details any mistakes and guides the IRS to your corrections.
Your Form 1040X is only one part of the amended return make sure to attach your new and improved tax return with all the correct information on it. Once you have everything you need, youll need to print and mail the Form 1040X and tax return in a single package.
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Fill Out The 1040x Form
Next, you can from the IRS website, along with instructions for filling it out. You can also write in an explanation of why youre filing an amended tax return. The 1040X form has three columns you need to fill in:
- Column A: This is where you write in the amounts related to your income and withheld taxes from your original tax return
- Column B: This is where you write in the net changes to your income and taxes between the original filing and the amended filing
- Column C: This is where you write in the correct amount for your income and taxes from your amended filing