Chapter 20
Fixing Your Own Mistakes
IN THIS CHAPTER
Fixing bad returns
Making a deal with the IRS
Abating penalties and interest
Safeguarding yourself when filing jointly
Understanding the Taxpayer Bill of Rights
Everyone makes mistakes. To make them is human; typically, to admit that they’re your fault isn’t. Still, in most cases, when you’ve made a mistake on your tax return, the sooner you fix it, the happier and less poor you’ll be. In some cases, you need to complete more paperwork; in others, you have to personally persuade an IRS employee. Regardless, here’s our advice for how to do it now, do it right, and be done with it!
Amending a Return
Through the years, when taxpayers discovered that they failed to claim a deduction or credit in a prior year, they often asked whether they could claim that deduction on this year’s return. They couldn’t, and you can’t, either.
If you ...
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