96% Average Client Savings
Home » Tax Relief Blog

Denver Tax Attorney Tells When to Fix Your Taxes After Filing

Submitted by Tax Tiger on Tue, 4/19/2016 - 8:50 pm

We all make mistakes

You just filed your taxes and then it hits you – you made a mistake! You had looked your work over multiple times before filing, but now you find the error. While your instincts may be to go into panic mode, Denver tax attorney says you can relax because people do this more common than not. There is an option to amend your taxes for a reason. But sometimes a mistake is so minuscule you don’t even have to. So when is it appropriate to amend your taxes?


When not to amend

Perhaps you filled out the wrong form, which could mean you will owe more money or maybe you forgot to deduct something big from your taxes meaning your refund will be much smaller. In these situations, Denver tax lawyer -Tax Tiger, would highly recommend you amend. But if you happen to make a slight mathematical miscalculation, the Internal Revenue Service is likely to correct those mistakes for you. Same with forgetting to attach proof of something or a slight spelling glitch was made – these are not reasons to amend your taxes. The IRS will request items if needed.

If you decide that amending is what you need to do, you can do so by filing a 1040X form. You have 3 years from the date you had originally filed. Even if you filed your original return electronically, your amended work cannot be done electronically – it must be done so on paper.


Consequences of not filing correctly

Tax attorney in Denver, Tax Tiger, wants you to have the most accurate taxes you can. But we are all humans and we all make mistakes. Sometimes those mistakes can have big consequences on your taxes if you don’t amend. And when that happens, Tax Tiger can really help you out. For example, if you end up with a high tax bill or not as big of a refund that you had imagined, there could have been a mess up from your end. Tax Tiger can work out the incident with the IRS, and figure out what went wrong.