what does it mean to amend your taxes
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Video: Does Amending Your Filing Status Trigger a Revenue enhancement Audit?
Updated for Tax Twelvemonth 2021 • January 19, 2022 03:28 PM
OVERVIEW
Do you lot demand to correct the filing status on a by return? Are you concerned that if you file an amended render that it will trigger an IRS audit? Spotter this video to find out if amending your filing condition volition trigger an IRS audit.
Video transcript:
Hello, I'm Scott from TurboTax with some information about changing your filing status on an amended render. Exercise you demand to correct the filing status on a past return? Are you concerned that if you file an amended return that information technology will trigger an IRS audit? If and then—don't be.
Amending a return is not unusual and it doesn't enhance any reddish flags with the IRS. In fact, the IRS doesn't want you to overpay or underpay your taxes because of mistakes yous make on the original return you lot file. And then regardless of whether you selected a filing status you later realized you lot were ineligible for, or realize y'all could have reduced your tax bill even more by choosing 1 filing condition over another—fear of an IRS audit shouldn't finish you from filing an amended return.
Understanding a little bit near how the IRS chooses tax returns for inspect may provide y'all with a little more comfort. Whenever someone files an original or amended tax return, the same inspect selection process prevails. The IRS first uses a computer program to compare the information on your return to a random sample of returns from similar taxpayers. If the plan picks up on something out of the ordinary—your render is flagged. But this doesn't mean yous will be audited simply notwithstanding. An auditor from the IRS will personally review your render to determine whether there are reasonable explanations for the items you reported on your render. If the auditor is satisfied, they will not pursue an audit. Merely if the accountant recommends your return for audit, they will forrad it to a different inspect group.
Even at this point, the manager of the audit group who receives your return will review it one last time to insure that it'south worthy of an audit. Just when this manager determines your render should be audited, volition you exist hearing from an IRS representative. In the effect you lot are chosen for a tax audit, remember that it's merely a review of your render. As long as y'all accurately report your income, deductions, filing status or but make mistakes that are inadvertent, you have nothing to worry almost.
If yous are only changing your filing status, one way to minimize your chances of an inspect is to provide a thorough explanation on your 1040-X as to why y'all are choosing a different one. If yous are eligible to use it, and could have reported it on your original return, an auditor will not make you change information technology once again.
TurboTax has you covered
Think, when you file your taxes with TurboTax, you automatically receive access to our Inspect Back up Eye for assist understanding your IRS discover, what to await and how to ready for an audit, and finding year-round answers to your audit questions. The TurboTax Audit Support Guarantee also includes the option to connect with an experienced revenue enhancement professional for costless one-on-1 audit guidance.
For those who want even more protection, TurboTax offers Audit Defense, which provides total representation in the event of an audit, for an additional fee.
Think, with TurboTax, we'll ask you simple questions almost your life and help yous fill out all the right tax forms. With TurboTax you can be confident your taxes are washed right, from simple to complex tax returns, no matter what your situation.
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Source: https://turbotax.intuit.com/tax-tips/amend-return/video-does-amending-your-filing-status-trigger-a-tax-audit/L95C0WhLj
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