Tax Season: Received a Form and Already Filed? No Worries.

March 7, 2016 by Jake M.

Tax Season can be stressful enough. What happens when a tax form appears in the mailbox after taxes have already been filed?

Compare it to being on vacation and a call from the boss comes in. No one likes seeing that envelope in their mailbox with “IMPORTANT TAX DOCUMENT ENCLOSED.” It makes people feel agitated and overwhelmed. After the work has been put into filing this year’s taxes, what are the steps to adding this new tax information into the already filed return?

Fortunately, it’s not a difficult or horrid process. It first depends on the form received. From that, an amended return might need to be filed. The Form 1040X can be used to amend a return when changes need to be made. Some of those could include filing status, income, deductions, or credits from the original return. If someone is more “techy,” then they most likely filed online and they will need to check with the e-filing system they used for the best method in amending a return. The IRS website will provide this required form, which is linked above “Form 1040X.”

It is suggested to first call the appropriate state tax agency depending on the area one lives in because some adjustments might need to be made from the information the state received when filed the first time.

If the amended return process is necessary, be prepared that there will be a delay. It most likely will not process as quick as the original, especially if the refund has already been processed. The IRS website states, ““[A]mended returns take up to 16 weeks to process and up to three weeks from the date of mailing to show up in our system.”

This may be discouraging and beyond frustrating, however with it being an issue of taxes, it’s not too difficult of a fix. If learning from past mistakes is something someone takes to heart, then make sure all the paperwork is collected before filing.

If someone is putting off filing because a form has not yet arrived, be diligent and consistent about getting the necessary forms as soon as possible. Don’t put off filing because a form has not yet arrived. That can lead to more severe problems such as tax liens, etc. Fortunately, with some many companies having an online presence, most forms can be downloaded from the company’s site. Best of luck in this year’s tax season!