![]() This is particularly true if the return seeks a tax refund. Yes, the IRS does encourage taxpayers to amend their returns after making such discoveries.īut you should also realize that when you amend your return, you may also be increasing your chances of being audited. It is quite a different matter, however, when a taxpayer realizes that he or she has made a mistake on a return that has already been filed. But those scenarios essentially come down to one type of case: when a taxpayer knows that the original return contained falsehoods at the time it was filed. To be sure, there are scenarios when a taxpayer really is required to amend. In this post, we will discuss how amending your tax return can make a tax audit more likely. When it comes to filing taxes, however, being overly quick to correct possible mistakes is not necessarily a good thing. This mindset usually means moving quickly to correct the human errors that inevitably occur. Year after year, in school and in the workplace, we are taught to build on our strengths, minimize weaknesses and strive for success. Learn more about Offers in Compromise, if you cannot pay the full amount of taxes owed.We live in a high-performance culture.Learn more about payment plans and installment agreements, if you cannot pay the full amount of taxes owed.Learn more about your payment options if you owe additional taxes. Interest continues to accrue until the unpaid balance is paid in full and penalties may apply.Order a transcript of your return, if needed.Correct the copy of your tax return that you kept for your records.Or, send us a Form 2848, Power of Attorney and Declaration of Representative PDF to allow someone (such as your tax return preparer) to contact us on your behalf. Complete section 3 (authorization) on the response form if you want to allow someone, in addition to yourself, to contact us about this notice.Keep a copy of the notice for your records.Review Publication 5181, Tax Return Reviews by Mail: CP2000, Letter 2030, CP2501, Letter 2531 PDF.Contact us with any unanswered questions you have or if you need time to respond to the notice. If you contact us by phone, keep in mind call volumes may be high and it could take some time to reach a representative. ![]() Individual Income Tax Return PDF, to correct the mistakes. ![]()
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