Sometimes a Tax Return Needs to be Amended
Here are Some Good Reason to Have Us Prepare Your 1040X:
We recently encouraged you to take advantage of incentive benefits from the American Recovery and Reinvest Act such as the first-time home buyer credit or the student learning credit. Now, you may ask, how can I reap these benefits and get the money?
In most cases, you have already filed your taxes for the most recent year, but without waiting until next year you can file an amended income tax return.
All you need is your completed tax return, a blank 1040X Form, the appropriate credit form (i.e. Homebuyer Credit, Hope and Lifetime Learning Credit and your adjusted values.
Make sure you are entering information based on the tax year you are amending. For example, if you are completing the 1040X in September 2009 to amend the taxes you filed in April 2009 (for the 2008 tax year), make sure you enter 2008 information.
Don’t forget to double-check you have all forms necessary pertaining to your specific credit! For more information, check out the IRS website (irs.gov) and good luck!
Tags: American Recovery and Reinveestment Act 2009, IRS, tax deductions, tax preparation