File amended return irs

What should I do now? Individual Income Tax Return as soon as possible. Return the refund check with your amended return along with a letter of explanation.

Write "Void" in the endorsement section of the check when you return it with your amended return. Don't staple, bend, or paper clip the check.

When your amended return has completed processing, the IRS will issue a new refund check. Here's what you need to know about filing an amended tax return. There are times when you should amend your return and times when you shouldn't.

Here are some common situations that call for an amendment:. You usually don't need to file an amended return if you discover math or clerical errors on a recently filed tax return. The IRS will often correct those types of mistakes on its own and, if necessary, send you a bill for the additional tax due or a refund if the error was in your favor.

Before filing an amended return, make sure the IRS has already processed the tax return you need to amend. That way, you can ensure the IRS won't get your original return and amended return mixed up.

If you've already received your tax refund, then you know the IRS has already processed your return. Just keep in mind that the IRS limits the amount of time you have to file an amended return to claim a refund to:. Gather your original tax return and any new documents needed to prepare your amended return.

If you need to correct the income you reported on your return, you may have a new or amended W-2 or form. If you initially filed your tax return using TurboTax, you can access your tax return online or print a copy of that return by logging in to your account at TurboTax online or print a PDF of your return from the copy saved on your computer. Your transcript shows most of the lines from your tax return, including income, deductions, credits, and tax payments. You'll also need any forms that will be impacted by your change.

To amend your tax return to add additional interest or dividend income, you'll need a copy of Schedule B. Updating your capital gains and losses will require Form and Schedule D, and so on. You can also prepare your amended return in TurboTax. To do this, you need to use the version of TurboTax that applies to the tax year you need to amend. For example, if you need to amend your tax return, you need to use the version of TurboTax.

If you prepared your original tax return using TurboTax , log in to your account, open the tax return you already filed, and click on the link to amend your return. From there, the software will walk you through the process of filing the amendment. If you didn't use TurboTax to file your tax return, you can use TurboTax to prepare the amendment. It will ask you the following questions and some others depending on your answers and give you some suggestions based on your answers.

You can technically file an amendment for any year, but you have three years from the due date of your original return to file an amended return and claim a refund.

Another thing to consider is the IRS usually only has three years to do an audit on a tax return. In that case, the IRS has an additional 60 days to decide whether to audit. This all changes if you significantly under-report your income. This form details what your proposed change or amendment is and why the item must be changed.

The event must have reasonable cause meaning filing falsely cannot be the reason for the amendment and you must offer a thorough explanation of what occurred. You must file a separate form for every tax year you wish to amend. Filing an amended tax return means amending everything, not only the items that result in a larger refund.

You must fix all of the errors you claim in the return you filed originally, and this may mean your amended return results in additional refund or greater tax liability. Both original and amended returns are chosen for audit using the same process. Tax returns submitted by similar taxpayers are compared to each other within a computer system.

This computer analyzes various returns using certain thresholds and flags any that have noticeable differences. The IRS then assigns a revenue agent to physically review the flagged tax return. If the revenue agent conducting the review decides the return must be further reviewed, the tax return is handed off to the manager of another audit group. If the managing auditor decides your return must be audited, then does your audit begin and the IRS will notify you.

The IRS may choose your return for an audit without an amendment. If this happens, avoid sending an amendment. Since the auditor may never see your amended return, filing an amendment after the audit starts will create confusion and may result in a longer process than necessary. Not necessarily, but it all depends on what you include in the amendment.

ITA Home After filing your original return, you may determine that you made an error or omitted something from your return. Information You'll Need: Reason for making a change to a previously filed federal income tax return Note: Use this tax tool only if you're amending one of the following forms: Form , U. Disclaimer Conclusions are based on information provided by you in response to the questions you answered.