Most taxpayers know an amended return is possible for a current year tax return – especially if it’s just been a short while since you filed. But what if you discovered something missing on an older return? You may be wondering how many years you have to file an amended return. Don’t worry – we can help you understand your options.
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Maybe you found a tax form behind your desk or maybe you receive an adjustment to a 1099 form from your bank – whatever the reason for having new information, you can generally go back three years to file an amended tax return in order to claim a credit or refund.
Said differently, that means the calendar years 2015 through 2018 are available to amend. If you discover a substantial mistake that results in a liability you should consider filing an amended return whether or not you are within the time frame above in order to avoid risking an audit.
If you are amending your return due to a new schedule or form, be sure to attach that schedule or form to your amended return.
WHEN CAN I AMEND MY TAX RETURN FOR THIS YEAR
If you need to amend your filing for the current tax year, there are some considerations for when you can amend your tax return. Once you’ve been notified that the IRS received and accepted your 2018 return, you can prepare an amended return using Form 1040X.
If you’re filing an amendment to claim an additional refund, the IRS recommends that you wait until you’ve received the original refund before filing Form 1040X.
If your amendment means you’ll owe more in taxes, you should file the amendment and pay what you owe as quickly as possible to minimize potential interest and penalties.
GET TAX RELIEF HELP TODAY
If you think that you may need help filing your 2017/2018 tax return or past due tax returns, you may want to partner with a reputable tax relief company who can help you get the max refund and reduce your chances for an IRS AUDIT.
Advance Tax Relief is headquartered in Houston, TX with a branch office in Los Angeles, CA. We help many individuals just like you solve a wide variety of IRS and State tax issues, including penalty waivers, wage garnishments, bank levy, tax audit representation, back tax return preparation, small business form 941 tax issues, the IRS Fresh Start Initiative, Offer In Compromise and much more. Our Top Tax Attorneys, Accountants and Tax Experts are standing by ready to help you resolve or settle your IRS back tax problems.
Advance Tax Relief is rated one of the best tax relief companies nationwide.
Call our team today at 800-790-8574 for more information. For a free consultation, schedule an appointment with us online. Feel free to also learn about us and contact us via www.advancetaxrelief.com.
However, it doesn’t matter where you live, we service taxpayers nationwide. We have settled millions in back tax penalties and interest for our clients nationwide.
Advance Tax Relief is a Professional Tax Relief Organization
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