There are several reasons for processing an amended tax return. You should file an amended tax return if you want to correct any piece of info that will alter your tax calculations. You’ll be able to use an amended return to make corrections to your submitting status, dependents, revenue, deductions, or taxes credits. As an example, if you want to report extra earnings from a W-2 that arrived after you filed your unique return, you will need an amendment. Likewise, if you have to remove loved ones simply because you were not eligible to claim them, you can do so through this process.

You will also want to make sure no personal information is changed in case you are only correcting math errors as the IRS computers will check your math and correct any errors in calculation. Math errors are errors in adding or subtracting items on your tax return.

In order to start the amended tax return process you will need to file at Form 1040X with the federal government. Then, get the proper form from your state and use the information by way of Form 1040X to help you make all necessary changes.

Like the IRS, a state makes use of a specific form for an amended return that will need to be acquired. Several states likewise use the X suffix in order to specify the use of the form. As an instance, California makes use of Form 540X.  Likewise some states don’t. The Hawaii kind, as an example, is Timetable AMD.

Do not forget to attach a replica of the amended government return (Form 1040X) for your amended state return, if the state needs it, as is the case.

Be aware that you will have 3 years to produce any kind of corrections that bring about additional tax discounts. That is simply because there is a three-year time limit on issuing tax refund checks. This particular three-year period is assessed from the date a person filed your special tax return. In the event you filed your return just before April 15th, the actual three-year period begins April 15th. Inside the event you requested an extension, the three-year period runs coming from October 15th.

For those who might be beyond the three-year period, you might be able to only receive refunds for overpaid taxes that had been really paid through the prior two years.

Given this knowledge it is advisable that any individual who is so considering an amendment should take advantage of a professional tax review. We are able to discuss in detail several tax return errors for you, so contact us now and let us help you get your tax review set up for free.  Take a minute and visit our amend tax return site and sign up for a free tax review and second look before we do a tax amendment.


Karla Dennis, E.A., MST
Karla Dennis And Associates, Inc.™
4 Centerpointe Drive
LaPalma, Ca 90623