When it comes to filing tax returns, mistakes are an unfortunate reality. However, the IRS and state authorities provide solutions for correcting errors. As the area's premier provider of income tax services, the office of Clark W. Terrell CPA in Crossett, AR, specializes in completing accurate and compliant filings for individuals and businesses. The locally owned firm often hears from people coming from other agencies who are worried about mistakes on their returns.

If you noticed a mistake was made after filing your return, submit IRS Form 1040X, the Amended U.S. Individual Income Tax Return. The form is generally used to correct mistakes involving filing status, income, deduction, and credit calculations. When or if to file Form 1040X depends on the IRS tax deadline. If the deadline has not passed, complete another return with the correct information instead of filing an amended return. Form 1040X should be filed if the tax deadline has passed and the return has already been submitted.

There are also instances when the IRS will send filers notices about incorrect information on their returns. In the letter will be an explanation of the concern and what the filer needs to correct the return. Income tax service agents strongly encourage their clients not to ignore these important notices. Instead, filers should respond immediately with the information requested.

The thought of making a mistake on a tax return after it’s been filed is likely to keep most people up at night. If you haven’t received a notice from the IRS and the deadline has passed, you can always contact the agency directly to follow up. If you’ve worked with an income tax services agent, they can also offer you professional guidance on the matter.

 

Mistakes come with the territory of filing tax returns. Let the office of Clark W. Terrell CPA help eliminate anxiety and fear if you find yourself in a situation when you need to make corrections. To schedule an appointment, call (870) 364-5006 today, or visit the website for more information on the firm’s lineup of income tax services. For your convenience, the office serves all of Ashley County and Southeast Arkansas.