Amended Individual Tax Returns Made Simple

By
Education & Training with KLSM CPA Firm, PLLC

"The hardest thing in the world to understand is the income tax" – Albert Einstein

 

There are only a few things that people find more confusing than income tax. Therefore, it is not surprising that every year approximately 3 million taxpayers file amended tax returns. If you've had to file an amended return, then you are familiar with the frustrations of having to mail in a paper return and then wait for the IRS to receive and process the return. Fortunately, the IRS announced starting late this summer you will be able to file amended returns electronically. The key points and benefits of electronically filing amended individual tax returns are as follows.

 

  • Only 2019 amended individual tax returns will be eligible for electronic filing this summer. Previous year amended returns will still need to be filed via mail.

 

  • The online IRS tool "Where is My Amended Tax Return?" will be able to track the status of both mailed in and electronically filed amended tax returns.

 

  • Amended tax returns filed electronically can be processed faster, and the risk of errors from manual processing decreased. 

Comments (5)

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Krystin,

Thank you for that helpful information.  We were just talking yesterday about finding out how our accountant is doing with ours.  Wishing you a wonderful weekend.  A

May 29, 2020 10:57 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hello Krystin... that is good news. And thanks for sharing this update, which should prove helpful to many. Happy Friday!

May 29, 2020 11:37 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Krystin Mitchell, CPA CFE thank you for sharing very good post about amended individual tax returns.

May 29, 2020 05:39 PM
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Krystin.

I had to do one this year for 2018.  First time in a long time

May 30, 2020 01:05 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Having someone like you to lean on during tax time is essential, the tax code is so difficult for most people to understand.

May 30, 2020 07:24 AM