![]() An amended Maryland return satisfies this requirement.Īn amended tax return cannot be filed electronically you need to complete and mail a Form 1040X for your federal return and a Form MD 502X for your Maryland return. Lastly, when the IRS has audited a tax return of a Maryland taxpayer, state law requires the taxpayer file a Section 13-409 report of the audit within 90 days. If you make a late claim, the IRS may still process the return, but it won’t pay you a refund. ![]() You generally have to make a claim for a refund within three years of the due date of the original return. Where a taxpayer didn’t claim all the benefits they were entitled to in their original return, filing an amended return is a way to request those missed benefits. However, once you are audited, it is too late to file an amended return. Where a taxpayer incorrectly claimed tax benefits, such as credits and deductions, in their original return and they are concerned about an audit, preemptively filing an amended return will reduce or eliminate the 20% accuracy-related penalty an IRS auditor might otherwise assess. Taxpayers can file an amended tax return to correct errors that could result in a smaller refund or potentially lead to an official IRS investigation like an audit. Block Tax Services can helpĪn amended tax return is exactly what it sounds like: a form that taxpayers can complete to correct any errors on a previous year’s tax return. When you should file an amended tax return.If you realize that you made a mistake on your taxes after filing, an amended tax return may right any potential wrongs - helping you avoid potential fees and penalties or even improving the amount of your return in the process. Taxes can be confusing, and errors are bound to happen.
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