Think you might have paid too much with your 2012 Federal Income Tax Return? Fear not, Uncle Sam has you covered! The IRS has procedures in place that make it easy for you to correct any errors you may have made on your tax return… even if it wasn’t really an error, but you just changed your mind!
IRS Form 1040X is the primary form used to amend or correct tax returns, though there are other forms that are required for certain changes. Tax refunds can be amended up to 3 years after the year they were filed for. So, right now, you could amend your taxes from 2011, 2010 or 2009.
You can use Form 1040X to correct simple mistakes or omissions, such as a neglected deduction. But, there are also a few other special situations that you might consider amending for, such as:
So, if you rushed through your taxes and think you might have missed something, come see us at Fredrick James. We can review your 2011 tax return, and if errors are found, or additional deductions can be taken, we can file your amended return for you to get your refund!
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