What to look for when you file the 1040X form If you owe interest or a penalty, the IRS will bill you. If you owe tax, send the amount owed to the IRS along with the 1040X tax form. If you’re due a refund, the IRS will send it to you after it accepts your amended return. Owe additional taxes as a result of the correction.In fact, by filing the 1040X form for an amended return, you might:

Reporting additional income and withholding.

What are the benefits of filing an IRS amended return?īelieve it or not, using an amended return can result in major benefits such as: In fact, if you find errors or you left out information on your original return, you can use Form 1040X: Amended Tax Return to file a corrected version of your federal return.

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).While many people think taxes are a “set it and forget it” task - this is not actually the case. © Australian Taxation Office for the Commonwealth of Australia If you feel that our information does not fully cover your circumstances, or you are unsure how it applies to you, contact us or seek professional advice. Make sure you have the information for the right year before making decisions based on that information. Some of the information on this website applies to a specific financial year. If you follow our information and it turns out to be incorrect, or it is misleading and you make a mistake as a result, we will take that into account when determining what action, if any, we should take. We are committed to providing you with accurate, consistent and clear information to help you understand your rights and entitlements and meet your obligations.

1040 form 2019 pdf download