How to Amend Your Tax Return at H&R Block: A Step-by-Step Guide
Filing a tax return is a stressful and overwhelming task for many individuals. What happens if you’ve made an error or missed out on certain deductions or credits? Thankfully, the IRS provides a mechanism for making corrections through an amended tax return, also known as an "Amended Return" or "Form 1040X." In this article, we will delve into the process of how to amend your tax return at H&R Block, including what to do and what not to do, and provide tips for a stress-free experience.
What is the reason for amending a tax return?
Before you begin the amendment process, it’s essential to identify the reason for the correction. The IRS provides five reasons for amending a tax return, which are:
• Mistakes: Errors made while filling out the tax return form, such as incorrect information or omitted numbers.
• Incomplete return: Items or schedules left out, causing an incorrect or incomplete filing.
• Incorrect figures: Unintentional errors in computation, such as miscalculating deductions or credits.
• Additional or omitted income: Unreported income or failure to report tips, interest, or dividends.
• Changes in deductions or credits: Claiming the wrong type of deduction or credit, or not applying the correct amount.
How to Amend Your Tax Return at H&R Block
To amend your tax return at H&R Block, follow these steps:
Step 1: Gather Information and Documents
- Collect supporting documents: Bring all relevant documents, including:
- Original tax return
- Adjusted Gross Income (AGI)
- Total taxes paid
- Refund amount (if received)
- Supporting statements, such as W-2 forms, 1099s, and mortgage interest statements (1098s)
- Determine the correct figures: Recompute the correct total, making sure to apply the correct tax rates, deductions, and credits.
Step 2: Prepare the Amended Return
- Choose the correct amended form: You’ll need Form 1040X, which is only available from H&R Block or the IRS.
- Prepare the amended return: Fill out the form accurately, ensuring the information matches the original tax return. Don’t forget to include all corrected information, including changes to income, deductions, and credits.
Table: Completing the Amended Return
Section | Information to Update | Additional Notes |
---|---|---|
Part I – Changes to the Original Return | List each change made, including date and type of change. | Sign and date the Form 1040X. |
Part II – Original Return Details | Report original tax return information, including AGI and total taxes paid. | Do not report adjustments. |
Part III – Signatures | Sign the form, indicating agreement with all information. | Original signature, not a copy. |
Step 3: File the Amended Return
- Print and sign the Form 1040X: Ensure all sections are complete, signed, and dated.
- Include supporting documents: Attach relevant supporting statements and schedules to the amended return.
- Choose an amendment filing method:
- Electronic Filing (e-file): You can e-file through H&R Block or the IRS website, using Form 1040X-A.
- Paper Filing: Mail the amended return to the IRS, addressing it to Internal Revenue Service, Stop 621, Ogden, UT 84401.
- Pay any owed taxes or request a refund (if applicable).
What Not to Do: Common Mistakes
To ensure a smooth amendment process, avoid these common mistakes:
• Do not mix incorrect information: Keep original and corrected information separate to prevent errors.
• Do not claim duplicate deductions or credits: Only report changes to already claimed items.
• Do not e-file a paper amended return: Avoid sending paper amendments through H&R Block’s online portal; instead, mail the amended return to the IRS.
Additional Tips
• Consult an H&R Block tax professional: If you’re unsure about the amendment process, seek guidance from an experienced H&R Block tax professional.
• Keep the original return: You may need the original return for reference or in case you need to file an amended return again.
• Track your changes: Maintain a record of the original return and any supporting documents you’ve collected to facilitate the amendment process.
By following these steps and avoiding common mistakes, you can successfully amend your tax return at H&R Block. Remember to gather information, prepare the amended return accurately, and file the corrected forms in a timely manner.