Want to know how to file an amended tax return? Today, we’re going to walk through, step by step, how to do it. As an accounting firm, we’ve filed our fair share of amended tax returns. I wanted to make this video so there is less confusion and stress surrounding the topic in 2021.

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In today’s episode, I’ll be going over when to amend your taxes, the 5 steps to actually amend your taxes, how to track your amendment, and 5 tips to get your amendment right the first time.

Let’s start with When to Amend Your Taxes?

You should amend your taxes in the following scenarios:

1. You forgot to claim a tax deduction or tax credit
2. You need to change your filing status
3. You need to add or remove dependents
5. You need to correct your Income

Video Outline for Amended Tax Return:

Intro: (0:00)
When Should You Amend Your Taxes?: (0:58)
Steps to Amend a Tax Return: (1:56)
How to Get a Copy of Your Tax Return: (2:16)
How to Complete Form 1040X: (3:36)
5 Tips for Amending Your Tax Return: (7:08)

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Disclaimer: The information provided in this video is for entertainment purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).