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You rushed to get your taxes and and now and now you realize you -- -- like.
Well you're not alone two million taxpayers made nearly three million the stakes last year.
Turns out you can fix the errors but how do you do that joining me now rich cop but.
The managing director at wealth helped rich always good to see you -- -- -- so we talked about how many people do -- what are the most common mistakes.
That was the common mistakes are not filing with 101990 received -- W twos that maybe you didn't have this right.
RS is a paper blocked a piece of paper that you missed 1099 -- -- -- from brokerage accounts.
Things they've asked -- to those people that are filing early.
And they follow you know by February to trying to get their refund and then months later things trickle -- because you know that's the way like this that is the way why -- he might have to amend.
So here's my question just the IRS only really care.
About errors they give them an advantage areas that will result in -- it stroking a bigger check to them or do they pay attention to everything.
They pay attention everything on -- I would say it's intentional but you have to realize RS only knows certain things about your return they -- things that are also filed with them so W -- -- filed within 1099 stepfather with them.
So that's -- -- find this a deduction if -- -- care they don't care but that any.
And they may not know so if you -- charitable deductions or you had medical expenses -- forgot to take those deductions they're not -- now.
I don't know -- -- that your doctors I don't know what you give to charity let's let's get down the nitty gritty here what's the deadline for doing something about this.
Well when you amended return to have from three years three years in the time you filed your return or two years from when you made the payment whichever is later.
So basically it's three years desire S history -- to audit your return.
So -- include something its three year.
Right so this is the big form break -- -- Gloria send forty this is what you need if you made a mistake an -- of some sort you need to find this on the IRS dot gov website.
Right and -- -- tell me about this Foreman and if it looks really complicated.
Well it looks complicated but really what it's doing it's pretty simplistic -- it.
It's allowing you to have three columns one of which shows the original documentation original numbers income deductions accept her on the return you filed.
Then the corrected numbers -- the second column and the third column just shows the differences so they just want to see a very simplistic first page form.
The W -- that were missing ten and -- -- -- remiss in any schedules if -- -- certain.
Deductions that you didn't have a schedule attacks that we have to put on the attachment to -- 1040.
Irate while this sounds like more work -- my accountant and -- -- -- and look at sixty airs tonight at -- track the status you can track the status on the IRS dot gov website where's my amended return and one thing to remember too we're talking federal here.
Remember anything you change on the federal return can affect your state return actor at about that.
Let's not forget about it very important -- one more question are there are some areas you don't have to fix well if you miss it you have just mathematical errors feed off to fix -- if I could.
Well at the mathematical errors are probably going to be caught by the RS -- will -- you notice with any changes if a W two leading get a tax reform wasn't attached don't worry about because again those things are filed with the IRS you don't have to go through an amendment process.
Good -- -- on your way to vacation and still talking coherently and so complex -- -- thank you so much for coming thanks Gerri appreciate it.
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