File updated tax return

Taxpayers filing an amended return because they owe more tax should file Form X and pay the tax as soon as possible. This will limit interest and penalty charges. Generally, to claim a refund, taxpayers must file a Form X within three years from the date they timely filed their original tax return or within two years from the date the person pays the tax — usually April 15 — whichever is later. Page Last Reviewed or Updated: Aug Share Facebook Twitter Linkedin Print.

What You Will Need fa-check. Social security number or ITIN. Your filing status. Your exact refund amount. Updates are made daily, usually overnight. Your transcript shows most of the lines from your tax return, including income, deductions, credits, and tax payments. You'll also need any forms that will be impacted by your change.

To amend your tax return to add additional interest or dividend income, you'll need a copy of Schedule B. Updating your capital gains and losses will require Form and Schedule D, and so on. You can also prepare your amended return in TurboTax. To do this, you need to use the version of TurboTax that applies to the tax year you need to amend.

For example, if you need to amend your tax return, you need to use the version of TurboTax. If you prepared your original tax return using TurboTax , log in to your account, open the tax return you already filed, and click on the link to amend your return. From there, the software will walk you through the process of filing the amendment. If you didn't use TurboTax to file your tax return, you can use TurboTax to prepare the amendment.

However, you'll first have to enter your information into TurboTax to match what you filed the first time, then start the process of amending it. Form X contains three columns:. Beginning with the tax year, you can e-file amended tax returns. If you used TurboTax to prepare Form X, follow the software's instructions to e-file the amendment. To amend a return for or earlier, you'll need to print the completed Form X and any other forms you're amending. Attach any necessary supporting documentation, such as:.

If amending your tax return results in a higher tax bill, you will need to make an additional tax payment. For an e-filed amended return, you can make a payment electronically through TurboTax. Otherwise, you can mail a check with the amendment. By making a payment now instead of waiting for the IRS to send an invoice, you can minimize the interest and penalties you'll owe. Keep in mind that if you file an amended tax return on paper rather the e-filing, it can take the IRS eight to 12 weeks to process the amendment.

Wait about three weeks from the date you mailed your return for the information to show up in the IRS system. Health and Wellness A neuroscientist shares the 3-step brain exercise she does for a stronger and Amishi Jha, Contributor.

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