Which Form 8655 Amend 2024

Music Music before we begin, please hit the subscribe button for more updates and upcoming videos. - Filing an amended tax return is not hard and doesn't take long, but you must do it if you need to make a correction to your return. - What you should know about filing an amended tax return: - Make sure the IRS has completed your return once you hit submit in an e-file tax program. Your return is submitted just as if you had dropped it in the mail. The only way to change it or fix it is by doing an amended return, but you shouldn't begin to work on one until you know the IRS has completed your original return. - Wait to do your amended tax return until you receive your refund or, if you owed money, until your payment clears your bank. - Complete Form 1040X. You can find the 1040X form and instructions on the IRS website. The 1040X is a simple two-page form that shows what has changed from your original return. You'll refer to a copy of your original return to fill it out. You may need to include copies of other tax schedules, such as Schedule A if your itemized deductions changed or Schedule C for self-employment income of more than $400. Make sure you understand the difference between W2 and 1099 income, but you will likely only need to submit the actual two-page 1040X form. Even if you paid to have your taxes done the first time, you can probably figure out how to complete the 1040X on your own. And if you do make a mistake, the IRS will alert you and let you know if you owe more money or if you have overpaid. - Make a payment. If you owe the IRS money, you...