Posted on June 6, 2013
Written by Avner Polatsek | @AvnerPolatsek
Making an error when you file your tax return happens – especially when you’re unfamiliar with new tax laws or a change in your tax situation. Sometimes a form’s wording is confusing and people insert incorrect information or other times, someone makes a simple human error. In most cases, there are set steps you need to take if you’ve caught an error and need to make a correction.
If you’ve added numbers incorrectly or something else of that nature, you probably don’t need to do anything. As your tax return is processed, errors like this are usually caught.
Neglecting to attach addendum sheets, like: itemized deductions, dividend and interest income, business profit or loss, and capital gains will usually result in the IRS asking for whatever is missing. You will need to send in the information they ask for and then they will process your tax return. If you catch this before they do, get the sheets ready, but you don’t need to send them in until they ask for them.
Submitting false information is more serious than simply forgetting a schedule or making a math error on your tax return. If you’ve realized that you forgot to claim some of your income or didn’t claim a credit you were eligible for, you will need to file an amended or corrected return.
If you would like help filing your amended tax return, get in touch with us. We are tax specialists and will gladly correct any of your mistakes and double check to make sure that you haven’t missed anything.