It’s best to get your tax return right the first time, but mistakes happen. When they do, it may be necessary to file an amended return. An amended return is a taxpayer’s opportunity to receive any ...

Tax authorities have issued a new revenue procedure that explains how taxpayers can act on recent law changes, including making elections, filing amended returns, and changing accounting methods. The ...

Federal tax authorities released a revenue procedure offering step-by-step instructions for taxpayers navigating a recent law. The guidance explains how to make elections, file amended returns, and ...

The $1.9 trillion stimulus package that Congress aims to send to President Biden this week may make tax filing even more complex. For some Americans who have already filed, it may mean they need to ...

Taxpayers typically amend their returns to correct mistakes, claim missed deductions or report additional income. While the IRS does allow amendments, many worry that filing a Form 1040-X could ...

The IRS released guidance Thursday in Rev. Proc. 2025-28 advising taxpayers how to handle making various elections, filing amended returns, and changing accounting methods for research or experimental ...