Filing your taxes is stressful enough as is, especially if you are doing them on your own or through a somewhat trustworthy tax website. However, if you notice a mistake after you’ve submitted it, try not to panic; there is a way to amend your honest errors! With help from local accountants like ours at JLW Tax & Bookkeeping Services in Springfield, IL, we can help amend your tax return in a few simple steps. Keep reading below to learn more about how to amend your state or federal tax returns. Complete the 1040-X Form The 1040X form is the first document you will need to obtain and [...]
Tax season can be hectic and confusing as you rush to gather important documents from over a year ago. With all of the requirements and specifications that taxpayers need to remember, oftentimes confusion and mistakes happen, leading to an inaccurate claim on their tax return. If you notice a major issue on your tax return, chances are the IRS will notify you and request that you amend your recent return to make any necessary corrections. Whether you filed under the wrong status or forgot to claim a dependent, an amended tax return is here to fix the mistake! If you’re unsure of how to go [...]