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Form 1040-X (officially, the "Amended U.S. Individual Tax Return") is used to make corrections on Form 1040, Form 1040A, and Form 1040EZ tax returns that have been previously filed (note: forms 1040-A and 1040-EZ were discontinued starting with tax year 2018, but a 1040X may still be filed amending one of these tax forms filed for previous years).
As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.
Tax returns, in the more narrow sense, are reports of tax liabilities and payments, often including financial information used to compute the tax. A very common federal tax form is IRS Form 1040 . A tax return provides information so that the taxation authority can check on the taxpayer's calculations, or can determine the amount of tax owed if ...
If the change lowers your tax liability, the IRS will send you a refund, complete with interest (the current rate is 3%) back to the original due date of the return. It usually takes up to 12 ...
AOL After working so hard to get your taxes filed on time, finding out that you made a mistake on your return is just about the worst news you can possibly get, short of an IRS audit. But making ...
After submitting a 1040, many people wonder how long it takes to get a tax refund. The IRS issues most tax refunds within 21 calendar days for forms submitted electronically.
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