It’s best to get your tax return right the first time, but mistakes happen. When they do, it may be necessary to file an amended return. An amended return is a taxpayer’s opportunity to receive any ...

Taxpayers typically amend their returns to correct mistakes, claim missed deductions or report additional income. While the IRS does allow amendments, many worry that filing a Form 1040-X could ...

The 1040X isn’t hard. There are three columns: column A is the original figure from the first return, column B is the change (either negative or positive), and column C is the amended or correct ...

Filing taxes can be challenging, and it’s easy to make mistakes like math errors, missing deductions, or choosing the wrong filing status. These mistakes can cause stress and financial issues. However ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. A Reddit user realized ...

(NewsNation) — The Internal Revenue Service generally recommends keeping tax returns and related documents for at least three years after filing. That’s because the IRS has a statute of limitations to ...

While it’s true that you want to keep essential records, don’t be afraid to toss out what you don't need. Here's your quick guide to what to keep and what to throw out after Tax Day. Some taxpayers ...

A Reddit user overpaid his taxes and isn’t sure if he should amend his return. He is owed $106, and it’s worth filing an amendment to get back his money. The IRS makes it easy to file an amendment ...