QI made a mistake on my tax return. What should I do?
First, don’t panic! Your required action will depend on the type of mistake you made. If you forgot to include a certain piece of information, it’s likely that the IRS will contact you to request the specific piece of information. If you made a mistake in your calculations, many small mathematical errors will be discovered as the IRS processes the return. It’s unlikely that you will have to correct errors of a small caliber. If you forgot to report some of your income or if you forgot to claim a credit or deduction, you will need to file an amended tax return using a 1040X Form. These forms can be found on the IRS website. If you have further questions or concerns about an error on your tax return, or if you need help filing an amended tax return, feel free to contact us.