What You Need to Know About Amending Your Tax Returns

Need to amend your tax return? For starters, you can’t do it electronically

Tom HermanAs Oscar Wilde once put it, experience is the name we give our mistakes. By that standard, millions of taxpayers are highly experienced.

Even with the increasingly widespread use of sophisticated tax-preparation software, it’s easy to make costly errors, omissions or both. Last year, he Internal Revenue Service received nearly 3.5 million “amended” income-tax returns, says Eric Smith, an IRS spokesman.

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