We've got just about two weeks left in the 2025 tax season, and this late in the game, if you made a mistake on your tax return, there's a good chance the IRS has ...
Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...
It’s best to get your tax return right the first time, but mistakes happen. When they do, it may be necessary to file an amended return. An amended return is a taxpayer’s opportunity to receive any ...
Taxpayers typically amend their returns to correct mistakes, claim missed deductions or report additional income. While the IRS does allow amendments, many worry that filing a Form 1040-X could ...
It's no fun paying taxes, but it's worse to discover that you paid too much. Perhaps a receipt for a long-forgotten charitable donation turns up after a tax return has been filed, or you find out ...
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. A Reddit user realized ...
Southwest Floridians who took a financial beating from major hurricanes over the past few years are getting some tax relief. A bill signed into law by President Joe Biden on Dec. 12 will allow ...
What you need to know: If you need to amend your Individual Income Tax Return, file a new return with the corrected information and include a completed Schedule AMD. Check to see if your software ...