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What is an amended tax return and what is it for?

After the hustle and bustle of tax season, you might find yourself reviewing your tax return and noticing a mistake. Whether it's an overlooked deduction or an incorrect income figure, these errors ...
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What to Do When You Make a Mistake on Your Taxes

Filing taxes can be challenging, and it’s easy to make mistakes like math errors, missing deductions, or choosing the wrong filing status. These mistakes can cause stress and financial issues. However ...
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Do Amended Tax Returns Raise Red Flags or Trigger an Audit?

Taxpayers typically amend their returns to correct mistakes, claim missed deductions or report additional income. While the IRS does allow amendments, many worry that filing a Form 1040-X could ...
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Tax Transcripts: How Can I Get a Tax Transcript Online Immediately?

Quick Take: What Is a Tax Transcript and Why Do You Need One? In short, a tax transcript shows basic data and line items such as adjusted gross income, AGI, or other taxable income, as well as FICA ...