Just answer simple questions, and we’ll guide you through filing your taxes with confidence. Or you can get your taxes done right, with experts by your side with TurboTax Live Assisted.įile your own taxes with confidence using TurboTax. Let an expert do your taxes for you, start to finish with TurboTax Live Full Service. Some people who are disabled or otherwise incapacitated may have more than three years, depending on the circumstances. However, if you filed the original return after the deadline because you obtained an extension of time to file, then the three-year period begins on the date you actually filed it. within two years of actually paying the tax for that year.within three years of the original filing deadline, or.For most taxpayers, it must be done either The IRS limits the amount of time you have to file an amended tax return. If you attached any schedules to the original return, you don't need to complete these again unless your amendments cause the numbers on it to change. This can be a number of items such as proof of payment for a new deduction you are claiming or an additional W-2 for additional income you need to report. You also need any documentation that relates to your changes. You can transfer some of the original information onto the amended tax return, such as The most helpful document you need when preparing Form 1040-X is a copy of the original tax return you’re amending. The IRS notes that it takes approximately eight to twelve weeks to process amendments, so be on the lookout for your refund after this time.

Additionally, many small business owners can use the form to carry back net operating losses that occur in one of the subsequent two tax years. When you use Form 1040-X to claim additional deductions or credits or to correct an error that reduces the amount of tax you owe for that year, the Form 1040-X serves as your formal claim for a refund. Since it may be necessary to prepare additional forms or schedules, be sure you use the ones required for that specific tax year. If your changes affect more than one tax return, you must file a separate Form 1040-X for each tax year.

You can amend your taxes as long as your original tax return was prepared using Forms

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