FILE FORM 1040A TO AMEND YOUR TAX RETURNS – IRS HELP!

Mistakes happen and tax returns are no exception. Filing an amended tax return corrects information that changes tax calculations. This includes making changes to filing status and dependents, or correcting income credits or deductions. Don’t file an amended return to fix math errors because the IRS will correct those.

ADVANCE TAX RELIEF LLC – Serving All 50 States
www.advancetaxrelief.com
Call (713)300-3965 – Free Consultation
BBB A+ RATED
**Over 10 Million in Tax Debt and Penalties Forgiven for our clients

TIPS ON HOW TO AMEND A TAX RETURN

form-1040x-mistake-in-taxes-owed-advance-tax-relief-houston-texas
FILE USING PAPER FORM 1040X
Use Form 1040X, Amended U.S. Individual Income Tax Return, to correct errors to an original tax return the taxpayer has already filed. Taxpayers can’t file amended returns electronically. Mail the Form 1040X to the address listed in the form’s instructions.

PREPARING FORM 1040X
Many taxpayers find the easiest way to figure the entries for Form 1040X is to make the changes in the margin of the original tax return and then transfer the numbers to their Form 1040X. Taxpayers should be sure to check a box at the top to show the year they are amending. Form 1040X will be the taxpayer’s new tax return, changing the original entries to include new information. Taxpayers should explain what they are changing and why on the second page of Form 1040X in Part III.

KNOW WHEN TO AMEND
Taxpayers should amend a tax return to correct their filing status, the number of dependents or total income. They should also amend to claim deductions or credits not claimed or to remove deductions and credits they are not entitled to on the original return. The instructions for Form 1040X, Amended U.S. Individual Income Tax Return, list more reasons to amend a return.

Know when NOT to amend. In some cases, it is not necessary to amend a tax return. Taxpayers should not worry about math errors because the IRS will make the correction. Taxpayers do not need to amend their return if they forgot to include a required form or schedule. The IRS will mail a request to the taxpayer, if needed.

USE SEPARATE FORMS FOR EACH YEAR:
Taxpayers amending tax returns for more than one year will need a separate 1040X for each tax year. Mail each tax year’s Form 1040X in separate envelopes. See “Where to File” in the instructions for Form 1040X for the correct address.

INCLUDE OTHER FORMS OR
Include other forms or schedules. If a taxpayer makes changes to any form or schedule, they should attach them to the Form 1040X when filing. Not doing so could cause a delay in processing.

WAIT TO FILE FOR CORRECTED REFUND FOR TAX YEAR 2016
Taxpayers should wait for the refund from their original tax return before filing an amended return. It is okay to cash the refund check from the original return before receiving any additional refund. Amended returns can take up to 16 weeks to process.

PAY ADDITIONAL TAX
Taxpayers filing an amended return because they owe more tax should file Form 1040X and pay the tax as soon as possible. This will limit interest and penalty charges.

FILE WITHING THREE-YEAR TIME LIMIT
Generally, to claim a refund, taxpayers must file a Form 1040X within three years from the date they timely filed their original tax return or within two years from the date the person pays the tax, whichever is later. For taxpayers who filed their original return early (for example, March 1 for a calendar year return), their return is considered filed on the due date (generally April 15).

HIRE HELP TODAY!
If all of this seems too overwhelming, then hire a team of professionals to take care of this responsibility for you. Call Advance Tax Relief for a free consultation at 800-790-8574.

We are tax relief experts specializing in IRS back tax help, Installment Agreements, tax lien help, wage garnishment release, IRS Offer in Compromises, tax debt forgiveness and a whole lot more. Get a free consultation from an experienced tax relief expert today (800)790-8574

Some Recent Tax Settlements:
Mr. Dillard – CA Owed $6884, IRS settled for $400
Mr. Batiste – LA Owed $18513, IRS settled for $2972
Mr. Johnson – CA Owed $21,378, IRS settled for $4500
Ms. Gonzalez – TX Owed $28,816, IRS settled for $1700
Mr. Anthony – NY Owed $14,000, IRS settled for $900
Mr. Wilkes – CA Owed 32,211, IRS settled for $1250

Owe the IRS and need help? Call us to discuss your unique situation with Top Tax Attorney or IRS Enrolled Agent (800)790-8574 or visit www.advancetaxrelief.com

Connect with us:
BBB PAGE:
https://www.bbb.org/houston/business-reviews/taxes-consultants-and-representatives/advance-tax-relief-llc-in-houston-tx-90024857

GOOGLE PAGE:
https://plus.google.com/+ADVANCETAXRELIEFLLCHouston

YELP:
https://www.yelp.com/biz/advance-tax-relief-houston

TWITTER:
https://twitter.com/irstaxpro?lang=en

FACEBOOK:
https://www.facebook.com/advancetaxrelief/

#TaxAttorneysNearMe
#IRSFreshStartInitiative
#IOweMoneytotheIRS
#PaymentPlanwithIRS.
#TaxesOwed
#FederalTaxLien
#TaxAttorney
#TaxResolutionServicesCompany
#TaxPreparation
#IRSHELP
#BackTaxReturns
#SmallBusiness
#Form1040

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s