While you probably strive to get everything right on your tax return before filing it, there are still a few instances in which you might need to amend and re-file. These include:
- Employers sending you corrected W-2s and 1099s
- Employers sending tax documentation late
- Overlooking a significant tax deduction
- Forgetting to report income or other details
- Receiving an unexpected K-1 form related to estate taxes
Luckily, it’s not too difficult to correct the calculations and re-file. The key is to amend incorrect or incomplete tax returns as soon as you realize there’s a problem. If you’re due a refund, you have a maximum of three years from the April tax return due date to amend a return and receive that refund. In the case of owing additional taxes, you’ll want to send everything in promptly to limit interest charges and late fees.
Taxation Solutions, Inc. has tax resolution specialists standing by to guide you through all sorts of tax problems, including amending already-filed tax returns. In and around Milwaukee, we’ve become trusted for our experience and expertise. Get in touch with us today to learn more about amending tax returns, filing late tax returns, and other topics!