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Filing an amended Tax Return - 5 Rules
Old 01-18-2015, 10:53 AM   #1
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Filing an amended Tax Return - 5 Rules

Interesting article, and I never knew that you were not obligated to file an amended return if your original return was correct, to the best of your knowledge.

5 Simple Rules to Follow When Amending Your Tax Return - Forbes

1.Amended returns arenít mandatory
2.You canít cherry-pick what you correct.
3.Some errors donít merit amending
4. Timing counts.
5. Only paper will do.

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Old 01-18-2015, 12:24 PM   #2
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#3 Some errors don't merit amending.

FYI (from a past life) a "no-change" audit is owing less than $50. Might want to use that as your threshold to decide to amend or not. I've been away from that world for a long time now, so I assume that amount would still be true.

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Old 01-18-2015, 03:33 PM   #3
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Amended returns aren't that difficult. I do about a dozen a year.
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