Is It Worth It to Amend Your Return?

Friday, August 31, 2018

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Whether it makes sense to amend your return depends on which of the situations you’re in.

If you owe the IRS

If you discover an omission on your tax return that results in you owing additional tax, you need to correct it with an amendment and provide the tax due.

Don’t delay if this is your situation. If the IRS discovers the omission before you do, they may add interest and penalties to your bill.

Questions? Get in touch with us!