The Internal Revenue Service is now letting taxpayers submit Form 1040-X electronically when they want to file an amended tax return through commercial tax software, in what the agency called a “major ...
If you had to submit an amended tax return this year, you may be wondering how come you haven’t received your tax refund yet. Due to IRS staffing shortages and an influx of amended returns, the IRS ...
Every year I must amend several clients’ returns that were previously filed for various reasons. This year as the Oct. 16 extension deadline for individual tax filing approaches, I am faced with a new ...
It’s not uncommon to make a mistake on your federal tax return or leave out important information such as a tax deduction or credit that you’re entitled to—but the IRS has a process that gives you a ...
If you’ve ever needed to amend your taxes, you know that the process takes place the old-fashioned way: by submitting your forms through the mail. But that will finally change later this summer when ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. This article is more than 5 years old. The IRS has announced that ...
As we approach the end of tax season, most taxpayers have either filed their 2017 tax returns or are in the homestretch of getting all their tax information ready for the final push toward the April ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. The IRS announced that you can now amend your tax return by ...
The IRS announced Monday that it has begun accepting Forms 1040-X, Amended U.S. Individual Income Tax Return, electronically, which it calls a “major milestone in tax administration” (IR-2020-182).
You are experiencing sweet satisfaction knowing that your taxes were filed on time. That is, until you realize that you took a deduction when you did not qualify for it, or forgot to claim an ...
Deal with everything from simple errors to big changes with this key IRS form. As we approach the end of tax season, most taxpayers have either filed their 2017 tax returns or are in the homestretch ...