What's an Amended Return?

A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

What does it mean when you amend your tax return?

Taxpayers who discover they made a mistake on their tax returns after filing can file an amended tax return to correct it. This includes things like changing the filing status, and correcting income, credits or deductions.

Is it bad to file an amended tax return?

Are you concerned that if you file an amended return that it will trigger an IRS audit? If so—don't be. Amending a return is not unusual and it doesn't raise any red flags with the IRS. In fact, the IRS doesn't want you to overpay or underpay your taxes because of mistakes you make on the original return you file.