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Taxes can be complicated, and it's not uncommon to make a mistake on a tax return. The Internal Revenue Service recognizes this and allows taxpayers to amend their returns to correct errors they...
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 ...
The Form 1040X, Amended US Individual Tax Return, is used to make corrections to Form 1040, Form 1040A, and Form 1040EZ tax returns that have been previously filed. Generally for a tax refund , this form must be filed within 3 years after the date that the original version was filed, or within 2 years after the date that the tax was paid ...
It usually takes up to 12 weeks for the IRS to process amended returns. See the Instructions for Form 1040X and the IRS's amended return page for more information.
Other popular tax software includes: TaxACT at 7%, Tax Hawk (including FreeTaxUSA) at 5.9%, Credit Karma's free tax software (now owned by Intuit/TurboTax) at 1.7%, and TaxSlayer at 1.5%. [ 6 ] In some countries, the tax agency provides a prefilled return to streamline the process, but the United States has failed to adopt these technologies as ...
Understand the steps you need to take to efficiently correct your tax mistakes so you can prevent your refund delivery from being delayed.
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