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 ...

The IRS released Tax Tip 2024-38, April 25, 2024, to explain to taxpayers how to amend a tax return. If a taxpayer discovers an error after filing their return, the ...

Taxes can be complicated, and it’s not uncommon to make a mistake on a tax return. The Internal Revenue Service recognizes this and allows taxpayers to amend their returns to correct errors they ...

Mistakes happen, and the tax law can be complex and ambiguous. The question becomes, what does a taxpayer do if they discover a mistake on their tax return? Should an ...

Filing an amended tax return can be a tedious and time-consuming process, but staying on top of the status of your return is crucial to avoid any potential issues. By monitoring your amended return, ...

What you need to know: If you need to amend your Individual Income Tax Return, file a new return with the corrected information and include a completed Schedule AMD. Check to see if your software ...

Can Amended Tax Returns Raise Red Flags? Submitting an amended tax return does not inherently raise red flags, but it does ...

If you're unable to file your 2024 federal income tax return by the standard deadline of April 15, 2025, you risk facing penalties and interest on any unpaid taxes. The traditional penalty for an ...

The 2024 tax filing season hasn’t officially started yet, but you can get an early start with your tax returns. The agency said taxpayers who have adjusted gross income (AGI) of $84,000 or less in ...

The IRS released guidance Thursday in Rev. Proc. 2025-28 advising taxpayers how to handle making various elections, filing amended returns, and changing accounting methods for research or experimental ...