I made a mistake on my tax return. Now what?
Candace (Candy) Stevens, EA IRS Problem Solvers
Owe the IRS? I can help you resolve your IRS problems, making the pain caused by the IRS go away. Licensed to represent taxpayers in all 50 states
If you made an error on your tax return, don’t worry—there are two easy ways to fix it:?
A superseding return is an amended or corrected return filed on or before the original or extended due date. The IRS considers the changes on a superseding return to be part of your original return.?
A qualified amended return is an amended return that you file after the due date of the return (including extensions) and before the earliest of several events, but most likely when the IRS contacts you with respect to an examination of the return. If you file a qualified amended return, you avoid the 20 percent accuracy-related penalty on that mistake.?
When it comes to the IRS, an ounce of prevention is worth a pound of cure. If you made a mistake, fix it as soon as you know about it, which will save you penalties, increased interest accruals, and the headache of an IRS review of your return.?
The focus of our practice is helping individuals and businesses resolve their IRS tax problems in the Las Vegas, Nevada, St. George, Utah areas, and elsewhere.??
However, we also like to educate taxpayers to help them avoid an audit, or if they get audited, the IRS doesn't find anything to charge them extra tax, penalties, and interest on.
If you or someone you know is dealing with IRS problems, contact me at 702-469-9426 or [email protected].