3/9/2023 1 Comment Amending 2016 1065 tax returnThe reasons they amend vary, but the motivation is because it often can put money in their pocket. Millions of amended tax returns are filed by individual taxpayers each year. When you amend your tax return, you reopen the three-year window. The IRS looks back three years from the date you file a return. Amending the return will focus the IRS’s attention on your return but it will also extend your exposure to their challenges. Some taxpayers are worried that filing an amended return will increase their chances of being audited. Unfortunately, there are many times that you need to amend your return and doing so will be worth your time. The last thing you want to think about now is amending the return you just finished. You probably just finished filing your tax return for 2018 and you’re thankful that it’s done for another year.
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5/3/2023 01:22:46 am
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