Tax Return Draft Explanation

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Tax Return Draft Explanation

To make any changes to an already filed tax return, we shall go for amendment and the tax form is 1040X. The normal deadline for filing an Amendment Tax Return is three years from date of filing the original return or two years after paying the tax, whichever is later. Form1040X cannot be filed electronically. It is always requires paper filing (Manually). You can file 1040X even after 3 years but you will not get any refund amount. If you are in Owe/Due position you have to make the payment.

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