How To File Form 1040X to Correct Tax Return Errors

By 11. oktober 2019 oktober 16th, 2022 Bookkeeping

1040-x instructions

You don’t need to file an amended return if you discover a simple math or clerical error on your return. The IRS can correct those types of mistakes on 1040-x instructions its own. Also, if you forgot to attach a particular form or schedule to your tax return, you don’t need to file an amended return to address that.

  • Follow the instructions and complete Form 1040-X by entering the correct information on the form.
  • You should include any unsubmitted and supporting documents with the form.
  • If you filed a superseding return before the April 18 due date for 2021 returns, you’ll receive the refund in 2022.
  • However, longer periods are allowed for significant underreporting of income and fraud.
  • Column A shows the numbers from your original tax return.
  • Paper filed amended returns may take six months or more to process.

If you don’t see the Amended Return topic, click Miscellaneous Topics to expand to find that topic. (You may have already completed those steps listed to print the return and modify/add/delete information).

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It might not be worth the effort if it’s only going to reduce your taxes for that year by a few bucks, but you do have the option. Form 1040x is the form used to amend individual income tax returns. Only business owners who report their company’s income and deductions on Schedule C use Form 1040x to amend a business return.

The form instructions tell you which other attachments are necessary. Enter the amount actually paid with your original tax return. Also, include any additional payments of tax made after the original tax return was filed. Do not include payments of interest or penalties.

IRS Instruction 1040X

SmartAsset does not review the ongoing performance of any RIA/IAR, participate in the management of any user’s account by an RIA/IAR or provide advice regarding specific investments. Many states require you to attach a copy of your amended federal return to your amended state return. Due to pandemic-related closures and staffing shortages, the IRS is still working through a backlog of paper returns from 2021. If you can e-file Form 1040-X, doing so will help ensure your amended return gets processed as quickly as possible. At the top of Form 1040x, fill in your basic information, including the tax year you’re amending, your name, Social Security number, home address, phone number, and filing status. Make sure you have the forms for the proper tax year. For example, if you’re amending your 2020 return, you need a copy of the 2020 version of Schedule C. You can find prior-year forms and their instructions at

1040-x instructions

If approved, funds will be loaded on a prepaid card and the loan amount will be deducted from your tax refund, reducing the amount paid directly to you. Tax returns may be e-filed without applying for this loan. Fees for other optional products or product features may apply. Limited time offer at participating locations. H&R Block online tax preparation and Tax Pro Review prices are ultimately determined at the time of print or e-file. All prices are subject to change without notice.

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