Get the free Form 1040X

This document provides instructions for completing Form 1040X, the Amended U.S. Individual Income Tax Return. It outlines the purpose of the form, filing deadlines, necessary attachments, and provides

How to fill out form 1040x

How to fill out Form 1040X

1. Obtain a copy of Form 1040X from the IRS website or your local tax office.
2. Fill out your personal information at the top of the form, including your name, address, and Social Security number.
3. Indicate the tax year you are amending by marking the appropriate box.
4. Complete the 'Income and Deductions' section by entering the corrected amounts next to the corresponding lines from your original Form 1040.
5. Explain the reason for the amendment in the 'Explanation of Changes' section.
6. Review your entries for accuracy and completeness.
7. Sign and date the form at the bottom.
8. Mail the completed Form 1040X to the address provided in the instructions, depending on your state.

Who needs Form 1040X?

1. Anyone who has already filed their federal tax return and needs to make changes, such as correcting income, deductions, or filing status.
2. Taxpayers who received a notice from the IRS regarding discrepancies in their tax filing.
3. Individuals who need to claim a tax credit or refund they initially overlooked.

People Also Ask about

Does IRS charge penalties on amended returns?

If you owe additional tax, file your amended return, and pay the tax by the April due date to avoid penalties and interest. Your return will replace your original return. If you file after the April due date, don't include any interest or penalties on your amended return.

Can I file a 1040x myself?

You can file Form 1040-X, Amended U.S. Individual Income Tax Return electronically with tax filing software to amend your Form 1040, 1040-SR, 1040-NR, or 1040-SS/PR for the current or two prior tax periods. If amending a prior year return originally filed on paper, then the amended return must also be filed on paper.

Do you have to pay a fee to amend a tax return?

The fee for filing an amended tax return can vary significantly, but a general range is between $200 and $1,500. Here is a more detailed breakdown of these costs based on different factors.

Can I download a 1040x form?

Download Form 1040-X from the IRS website.

How long do you have to amend a tax return without penalty?

How long do you have to file an amended tax return? The IRS limits the amount of time you have to file an amended return to claim a refund to: within three years from the original filing deadline. within two years of paying the tax due for that year, if that date is later.

Is there a penalty for filing an amended tax return?

There is no penalty for simply filing an amended return. But if your mistake caused you to underpay tax, you will owe that additional tax. If you amend your tax return before the April deadline and pay the remaining tax you owe, you won't have to pay a penalty.

What are the consequences of amending a tax return?

Is there a penalty for amending a return? No, not in most cases. But, if the reason you're amending your tax return is because you made a mistake that means you underpaid the IRS, you CAN owe the IRS money and could face other penalties and interest.

What do I send with a 1040x amended return?

When mailing your federal amended return, you will need to send the following: 1040-X. Income documents such as W-2's and 1099 forms if they support the changes on the return. Any forms that have a calculation change from the original return. Payments if you do not wish to pay electronically.

For pdfFiller’s FAQs

What is Form 1040X?

Form 1040X is the Amended U.S. Individual Income Tax Return, used by taxpayers to correct errors or make changes to previously filed tax returns.

Who is required to file Form 1040X?

Taxpayers who need to correct errors in their original tax returns or make changes to their filing status, income, deductions, or credits are required to file Form 1040X.

How to fill out Form 1040X?

To fill out Form 1040X, taxpayers must enter their personal information, explain the changes being made, provide the original and corrected amounts for income and deductions, and sign the form. It is important to follow the instructions provided by the IRS.

What is the purpose of Form 1040X?

The purpose of Form 1040X is to allow taxpayers to amend their tax returns to correct mistakes or to change their filing status, deductions, or credits, ensuring that their tax information is accurate.

What information must be reported on Form 1040X?

Form 1040X requires taxpayers to report their original tax return information, the changes being made, the reason for the amendments, and the new amounts for their total income, deductions, and tax credits.