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LSDefine

Simple English definitions for legal terms

amended tax return

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A quick definition of amended tax return:

An amended tax return is a form you fill out to fix mistakes you made on your original tax return. Mistakes can include things like reporting the wrong amount of money you earned or claiming the wrong number of dependents. You can also use this form to get a refund if you forgot to claim a credit. The form is called Form 1040X and you can file it electronically or by mail. If you file this form, you won't get in trouble for not reporting income or not paying enough taxes. The IRS will correct any math mistakes for you, so you don't need to file an amended tax return for those.

A more thorough explanation:

An amended tax return is a form that you file with the Internal Revenue Service (IRS) to correct mistakes that you made on a previously filed tax return. This form is called Form 1040X.

Some examples of mistakes that you might need to correct include:

  • Misreporting your earnings or tax credits
  • Claiming the wrong number of dependents
  • Choosing the wrong filing status
  • Forgetting to claim a credit

If you realize that you made a mistake on your tax return, it's important to file an amended tax return as soon as possible. This will help you avoid any penalties for failing to report income or not paying enough taxes.

Here's an example:

Let's say that you filed your tax return for the previous year and claimed a tax credit for buying a new electric car. However, you later realized that you forgot to claim another tax credit for installing solar panels on your home. In this case, you would need to file an amended tax return to correct your mistake and claim the additional credit.

amended pleading | American Bar Association (ABA)

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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