Aron Govil explains How to amend your US tax return from previous years

If you are an American citizen or resident, you are required to file a US tax return every year, regardless of whether you owe any taxes or not says Aron Govil. If you have made mistakes on your tax return in previous years, you may be able to amend it to correct the errors.

This article will explain how to do so.

• Amending your tax return can be a complicated process, so it is important to seek professional help if you are not sure how to proceed. The IRS offers free help through its toll-free telephone line and website.
• There are several reasons why you might need to amend a previous year’s tax return. Perhaps you neglected to report some income, or you claimed deductions or credits that you were not entitled to. Whatever the reason, amending your return can result in a refund if you have overpaid your taxes or in a payment if you owe additional taxes.
• The first step in amending your tax return is to gather all of the relevant information and documents. This includes copies of your original tax return, any supporting documents (such as W-2s or 1099s), and amended return forms (such as 1040X). You will also need your Social Security number, date of birth, and current mailing address.
• Once you have gathered all of this information, you can begin the process of amending your return. According to Aron Govil the easiest way to do this is to use the IRS’s online tool, Amended Return (Form 1040X). This tool will help you to complete the correct form for your specific situation. You can also download the form from the IRS website, or pick up a copy from your local IRS office.
• If you are filing an amended return because you discovered an error on your original return, be sure to file Form 1040X within three years of the date you filed your original return, or within two years of the date the tax was paid, whichever is later.
• If you are filing an amended return because you received a corrected W-2 or 1099 after you filed your original return, be sure to file Form 1040X within three years of the date you filed your original return.
• It is important to note that amending your tax return will not automatically result in a refund. The IRS will review your amended return and may contact you for additional information. It can take up to 12 weeks for the IRS to process an amended return.
• If you have made changes to your tax situation since you filed your last US tax return, you may need to amend that return. This article details the steps necessary to amend a US tax return from previous years.

Amending a Tax Return:

1. Gather all the required documents and information.

You will need to have your original tax return, as well as any amended returns and supporting documentation.

2. Go to the IRS website and download Form 1040X, Amended U.S. Individual Income Tax Return.

This form is used to amend federal income tax returns.

3. Complete Form 1040X.

Be sure to include all the relevant information, including your name, social security number, and address and filing status. You will also need to indicate the year of the return you are amending.

4. Send the completed form and all supporting documentation to the IRS.

You can send it by mail or electronically. If you choose to mail it, be sure to use certified mail with a return receipt so you can track it.

It can take up to 16 weeks for the IRS to process an amended return, so be patient. If you have any questions, you can call the IRS helpline.

Amending your US tax return from previous years can seem daunting, but with the right information and tools it can be a relatively easy process says Aron Govil. By gathering all the required documents and information. And following the steps outlined in this article, you can amend your tax return with ease.

As always, if you have any questions or need help filing your amended US tax return. Please don’t hesitate to contact us. We would be happy to assist you.

Conclusion:

Amending a tax return can be a complicated process, but by following the steps outlined in this article you can make it a little easier. Gather all the required information and documents complete Form 1040X, and send it to the IRS. It can take up to 16 weeks for the IRS to process an amended return, so be patient.