Many people are puzzled that how long does it take to get amended tax return back? Well! The answer is not easy but the experts are of the view that it might take 8 to 12 weeks on the trot. It is a two stage process where a new form 1040 is prepared along with 1040X. A person should complete all the details of the form along with accurate information since it will be compared with the data which is filled in the second form.
Accuracy is a very important task because if the details are fudgy, it will take more time to get the amended Tax return back. The IRS service center might require all the documents which will be attached to the form for submission. Official would verify and scrutinize the documents individually to ensure that the tax returns are filled in a proper manner.
After completing the first step, it’s time to fill in the second form 1040X. It is bestowed with the summary of the contents from 1040. Details of the original tax returns should also be filled in 1040X because it will help to evaluate the difference in the amendment. One of the most important parts of the form 1040X is C where it is important to explain the reasons behind the amended tax returns. The causes must be clearly explained because it might get rejected by the IRS. Therefore, one should take extra precaution while filling the form.
Number crunching plays a major role while evaluating the tax returns. Hence, a person should be vigilant in entering the correct figures because a slight mistake could lead to a delay in the return of the amended tax information. All the information such as salary and deductions should be double checked to ensure that data is authentic.
Whilst filling the form, one must remember to append the signature and the date. It will help the authorities to track the information. Sometimes, the form is too complex for the people therefore they might need the assistance of an accountant. It is also crucial to add the signature of the accountant so that IRS has detailed information. After submission of the form, people can track its status online by filling in the application number. Amended tax returns are filed in conditions when the status, dependents or total income are reported incorrectly. Mailing the amended tax return is necessary because it can be e-filled.