Tax
Jul. 10, 2024
Must you amend your tax return?
While tax law doesn’t explicitly mandate amending a tax return after errors are discovered, the IRS advises on when an amended return “should” be filed.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Are you required to file an amended tax return to correct errors you later discover? Does it depend on the years involved, the size or number of the errors or if you are under audit? Does it depend on how the error came to light, when you discovered it, or even what you knew or should have known at the time you filed your original return?
These sound like fundamental tax questions on which everyone would agree. But if you ask tax practiti...
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