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 POMS HI 01120 045 Use of Amended Income Tax Returns 2024-2025

Wisconsin Homestead 2024-2025 Form

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[Music] hi it's the tax geek with more of your taxes oversimplified in this video we're going to learn how to amend a tax return when you need to make changes to a previously filed tax return you prepare an amendment to your tax return showing the changes you're making to the original return on a form 1040x there are two primary reasons tax returns are amended one to correct a mistake and two to claim a tax benefit that was not claimed on the original tax return of course these days just like regular tax returns amendments are usually prepared using some sort of software but today we're going to look at the process step by step so you can gain an understanding as to how amendments work by seeing when prepared by hand let's meet terence when he filed his return he mistakenly believed he could no longer claim as it depended his 20 year old daughter who lived with him and went to college when he prepared his return earlier in the year he was quite unhappy about the fact that his 2020 retu

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