IRS 1040X Form

IRS 1040X Form – A Form 1040X can be utilized to correct any mistakes in your tax returns. It is not essential that you simply complete a brand new tax return whenever you prepare the 1040X. The sole requirement for Form 1040X would be to update any numbers that may alter.

What is Form 10040-X: Amended U.S. Individual Earnings Tax Return

The 1040X Amended U.S. A form that allows taxpayers to correct an mistake in a federal tax return. Individual U.S. Earnings Return.

This form can be utilized to right common errors, this kind of as incorrect submitting status, dependents count, or omissions in credits or deductions.

You should not use Form 1040X to correct mathematical mistakes in a return. This is because the Internal Revenue Service, (IRS), corrects this kind of errors while processing returns.

How You Can Get The Most Out Of Your Investment

When you use Form 1040X to claim extra deductions or credits or to right an error that reduces the quantity of tax you owe for that year, the Form 1040X serves as your formal claim for a refund. The form can be utilized by little company owners to hold back again any net operating losses that were incurred in one of the two subsequent tax years. The IRS estimates that amendments can take eight to twelve weeks for processing, so that you should be searching out for the refund.

What’s a 1040X Tax Return?

The 1040X allows taxpayers to amend or correct an already filed tax return. This is the best form to make use of if you forget to claim a credit, or document a deduction. Ignore creating a mathematical error. The IRS corrects any errors by running the numbers.

Information You Need

The most helpful document you need when preparing Form 1040X is really a copy of the original tax return you are amending. You can transfer some of the original information onto the amended tax return, such as

  • Social security numbers
  • Your filing status
  • gross income.

Any documentation that pertains for your changes can also be needed. These can consist of documentation this kind of as evidence that you simply paid out for a new deduction or extra W-2s for extra earnings.

If you attached any schedules to the original return, you don’t need to complete these once more unless your amendments cause the numbers on it to alter.

Mailing Addresses for IRS Tax Return Amendments

Department of the Treasury
Internal Revenue Service
Austin, TX 73301-0215

Private Delivery Service Address:
Austin – Internal Revenue Submission Processing Center
3651 S IH35
Austin TX 78741

Department of the Treasury
Internal Revenue Service
Austin, TX 73301-0215

Private Delivery Service Address:
Austin – Internal Revenue Submission Processing Center
3651 S IH35
Austin TX 78741

IRS 1040X Form

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1040-X Form [132.39 KB]

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1040-X Form Instructions [228.25 KB]

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