What is an Amended Tax Return?
An amended tax return is the act of submitting a correction for a previous tax year due to a misreporting of tax credits, dependents, or earnings. Omitting such information can reduce your return so it is advantageous for you to file an amended return. In other instances you may have gathered all of your required documents but perhaps one of your sources failed to send you your year end document in a timely manner. In this case you would want to amend your tax return.
Amended Tax Returns For State Filing
In addition to your federal tax return it may be possible you will need to have your state return amended as well. Perhaps you moved to Texas from another state or vice versa. Information you change on your federal income tax return can affect your state return. In this event you would most likely file a resident and non-resident state tax return. This notifies the IRS of your living status so your taxes owed can be configured accordingly.