Filing an Amended Tax Return | U.S. Expats in Colombia
Filing an amended tax return is a standard solution for correcting previous tax returns to receive a refund or pay additional taxes due.
If you realized you may have made a mistake on a previously filed federal or state tax return, don’t worry, it is possible (and required) to file an amended tax return by completing Form 1040X. At USATax.co we have filed many returned that helped our clients not only become totally compliant but also on many occasions save them money!
Until recently the IRS only accepted printed forms. However, since the 2019 tax year, they allowed U.S. taxpayers to submit the 1040X electronically if the originally filed return was also e-filed. This is great news if you are physically located in Colombia where the costs and time associated with mailing paper returns are high.
Common Reasons Expats File an Amended Tax Return
Generally speaking, anyone should file an amended tax return when they realize a mistake in the previous filing. You may notice the error yourself, or the IRS will notify you if they discover an error, especially if you owe additional tax.
Some of the most common reasons for filing an amended tax return specifically for expats include:
For every tax year that you need to correct, you will need to complete a separate 1040X, along with any other forms or schedules that may also be affected by the corrections. If you’re hoping to receive a refund, you need to complete an amended tax return within three years of the original filing date or within two years of paying the tax (whichever is later).
Consult and File with Experienced Professionals at USATax.co
If you are realizing that there may have been an error in your previously filed returns, get in touch with the expat tax professionals at USATax.co. We will analyze your situation, walk through the returns in question, and help you file an amended tax return quickly and confidently if required.