It’s best to get your tax return right the first time, but mistakes happen. When they do, it may be necessary to file an amended return. An amended return is a taxpayer’s opportunity to receive any unclaimed refund or correct an instance of ...

You are experiencing sweet satisfaction knowing that your taxes were filed on time. That is, until you realize that you took a deduction when you did not qualify for it, or forgot to claim an important tax credit that could save you hundreds of dollars.

The $1.9 trillion stimulus package that Congress aims to send to President Biden this week may make tax filing even more complex. For some Americans who have already filed, it may mean they need to amend their return. Stream Connecticut News for free, 24/7 ...

Taxpayers typically amend their returns to correct mistakes, claim missed deductions or report additional income. While the IRS does allow amendments, many worry that filing a Form 1040-X could increase their chances of an audit. Since tax laws are complex ...

Tax filing mistakes can happen to anyone, even if you have a fairly straightforward return. Some mistakes will simply delay your refund, while others can trigger an IRS notice or result in tax underpayment penalties and interest charges.

(NewsNation) — The Internal Revenue Service generally recommends keeping tax returns and related documents for at least three years after filing. That’s because the IRS has a statute of limitations to audit your return. There is also a three-year ...