Get Your Refund on Your Amended Return
Correcting Errors with an Amended Tax Return
Mistakes on a tax return can happen, but the good news is that you can correct them by filing Form 1040-X (Amended U.S. Individual Income Tax Return). Filing an amended return allows you to claim refunds, correct income, update filing status, and adjust credits or deductions. This blog explains when to file Form 1040-X and how you can secure a refund.
1. When to File Form 1040-X
You should file an amended return if:
- You discover errors in your original tax return after filing.
- You become aware of missed tax benefits (e.g., deductions, exemptions, or credits).
- Your income or filing status was reported incorrectly on the original return. Filing ITIN for spouse or dependents.
- You need to correct information on U.S.-sourced income as a non-resident.
Amended returns must typically be filed within 3 years from the original filing date or within 2 years of the date you paid the tax, whichever is later.
2. What Can Be Corrected with an Amended Return?
- Income Corrections: Report additional or corrected sources of income.
- Filing Status Adjustments: Change from single to married filing jointly, or vice versa.
- Claiming Missed Credits or Deductions: Examples include education credits, child tax credits, or other dependent credits.
- Errors on Previously Claimed Deductions: Remove or adjust deductions if necessary.
3. How to File Form 1040-X
Steps for filing include:
- Download and Complete Form 1040-X from the IRS website.
- Attach any required forms or schedules related to your changes (e.g., Form 1040NR, Form 8862 for credits).
- Mail the form to the IRS or submit it electronically if eligible.
4. Claiming a Refund
If your amended return results in a refund, the IRS typically takes 8-12 weeks to process it. For faster updates, track your refund using the Where’s My Amended Return? tool.
NOTE: For filing status change Foreign Spouses or dependents require a mandatory ITIN if these individuals do not have a valid SSN. For additional information related to the best time to apply for ITIN refer to our earlier ITIN blog
Final Thoughts
If you’ve made errors on your U.S. tax return, filing an amended return with Form 1040-X can help you secure refunds and correct your tax records. Be sure to provide accurate supporting documents and adhere to IRS timelines to avoid delays.
For professional assistance with the form, treaty benefits, or U.S. tax compliance, contact our team today.
We are one of the IRS Enrolled Agents with many years of experience in US 1040/1040NR personal tax compliance reporting and FATCA Compliance FBAR Reporting, We are happy to assist our clients in a timely, efficient, and cost-effective way.
