It is not uncommon to come across a significant deduction or error that was overlooked when you filed taxes. When this happens, the Internal Revenue Service allows you the opportunity to retroactively amend your taxes to rectify such errors. Whether you received a revised 1099, overlooked a sizable charity deduction, or even miscalculated your mortgage interest, amending your tax return can help you recover the money you are rightfully owed.
At Paramount Tax and Accounting, we not only help you amend your taxes, but also:
- Calculate your estimated refund
- Identify reasons (if any) NOT to amend
- Determine the timing of filing an amendment
- Determine whether amending your taxes is worth the time and investment
Although there are no requirements or penalties for not filing an amendment, our tax return specialists at Paramount Tax & accounting can help you best understand.
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