If you're filing the amended return one year after it was due, you also owe a year's worth of interest. However, if you act quickly enough and submit the amended return before your filing deadline, you won't owe any interest because it's considered to be filed on time. For example, suppose you filed your original return in February, but realized your mistake and filed the amended return before April Since you amended and paid before your filing deadline, you won't owe any interest or penalties.
Even if your amended return is processed first, the original return will eventually get processed, too, and when the IRS sorts it out you will have minimized your liability for interest and penalties because you filed the amended return sooner rather than later. If you realize you did not include the right filing status on your return, or if your income, deductions or credits need correction, file the return with your tax amendment using Form X , Amended U.
Individual Income Tax Return. You can also use this form for amending an amended return. If you're receiving a refund on your original return, wait until that return gets processed before submitting an amended return. Form X. Use Form X to amend a federal income tax return that you filed before. Make sure you check the box at the top of the form that shows which year you are amending.
Form X has three columns. Column A shows amounts from the original return. Column B shows the net increase or decrease for the amounts you are changing. Column C shows the corrected amounts. You should explain what you are changing and the reasons why on the back of the form.
More than one year. If you file an amended return for more than one year, use a separate X for each tax year. Mail them in separate envelopes to the IRS.
See "Where to File" in the instructions for Form X for the address you should use. Other forms or schedules. If your changes have to do with other tax forms or schedules, make sure you attach them to Form X when you file the form.
Amending to claim an additional refund. You may cash the refund check from your original return. Amended returns take up to 16 weeks to process. We've completed processing your return. We've mailed you all the information connected to its processing.
You can check it daily. Some amended returns take longer than 16 weeks for several reasons. Delays may occur when the return needs further review because it:. You can find out about amended returns mailed to the IRS processing operations. Form X, Amended U. Individual Income Tax Return tells you where you need to mail your return. No, it doesn't have information about a current year return or refund. You can start checking on the status of your current year tax return within 24 hours after we've received your e-filed return or 4 weeks after you've mailed us a paper return.
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