10 tips to amend your personal federal income tax return

1. You can amend to correct a previously filed tax return Form 1040, 1040A or 1040EZ.

2. Amend your return if you discover errors such as filing status, dependents, total income, deductions, or credits.

3. Use Form 1040X to amend your U.S. Individual Income Tax Return.

4. You can also use Form 1040X to correct an electronically filed return.

5. File Form 1040X within three years from the date you filed your original return or within two years from the date you paid the tax, whichever is later.

6. If you are amending more than one tax return, prepare a separate 1040X for each year and mail them in separate envelopes. Enter the year of the return at the top of Form 1040X.

7. If the changes involve another schedule or form, attach that schedule or form to 1040X.

8. You do not need to file an amended return for math errors as the IRS will probably catch it and make corrections automatically. You also do not need to file an amended return because you forgot to attach forms such as W-2s or schedules (IRS normally requests those forms).

9. If you are filing to claim an additional refund, wait until you have received your original refund before filing Form 1040X. You may cash that check while waiting for any additional refund.

10. If you owe additional tax, file Form 1040X and pay the tax as soon as possible to limit interest and penalty charges. Interest is charged on any tax not paid by the due date of the original return, without regard to extensions.

Victor Santos Sy graduated Cum Laude from UE with a BBA and from Indiana State University with an MBA. Vic worked with SyCip, Gorres, Velayo (SGV – Andersen Consulting) and Ernst & Young before establishing Sy Accountancy Corporation in Pasadena, California.

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He has 50 years of experience in defending taxpayers audited by the IRS, FTB, EDD, BOE and other governmental agencies.  He is publishing a book on his expertise – “HOW TO AVOID OR SURVIVE IRS AUDITS.” Our readers may inquire about the book or email tax questions at vicsy@live.com.

Victor Sy, CPA, MBA
Victor Sy, CPA, MBA

Victor Santos Sy graduated Cum Laude from UE with a BBA and from Indiana State University with an MBA. Vic worked with SyCip, Gorres, Velayo (SGV - Andersen Consulting) and Ernst & Young before establishing Sy Accountancy Corporation. He retired after 50 years of defending taxpayers audited by the IRS, EDD, BOE and other governmental agencies. He published a book on “How to Avoid or Survive IRS Audits.” Readers may email tax questions to vicsy@live.com.

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