9. When Should You Amend Your Tax Return
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9. When Should You Amend Your Tax Return
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Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.
We are your hosts, Kevin Molen and Charles Steinmetz. Our job is to help educate you on how to manage your money and save on taxes. In this episode, we discuss when to file an amendment to your tax return.
Important Points:
What is an amendment?
When NOT to amend your tax return?
When should you file an amendment?
Correcting an error
Taking advantage of missed deductions
Pros and Cons of filing an amendment
What if you don't file an amendment for a problem?
Filing an amendment electronically or on paper
What is the internal revenue manual?
Comfort Zone:
What filing status should I choose?
If I pay for my daughter's college tuition, can I get credit for what I pay?
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