A tax amendment is the process of correcting or making changes to a previously filed tax return. If you realize there were mistakes or omissions in your tax filing, you can amend the return to ensure it is accurate and compliant with tax laws. To amend your federal tax return, you need to file Form 1040-X for that you need to Provide Correct Information and Attach Supporting Documents.
You generally have three years from the original filing date to file an amended return. For example, for a 2020 tax return filed in 2021, you have until April 15, 2024, to amend it. If you are due a refund from the amendment, you must file the amended return within the 3-year period.
Amended returns can take 8 to 12 weeks or longer to process, depending on the complexity and volume of returns the IRS is handling.
Contact us today for assistance with amending your tax return and correcting any past filing mistakes!
