Many clients ask, “What if I think my taxes are wrong?” Clients often come to Paladini Law because something does not look right. Maybe you missed income, forgot deductions, or received a notice from the IRS saying your return is incorrect. When that happens, you need to know how to correct the problem properly.
If your return contains errors, the solution is often an amended return. For individuals, this means filing Form 1040X.
This form lets you:
- Show the original figures
- Show corrected figures
- Explain the change
- Attach supporting documentation
If the amendment reduces the tax you owe or leads to a refund, the IRS may take a closer look. This is not a reason to avoid correcting an error. It simply means the amendment must be complete and well documented.
Can The IRS Audit Me Once I File Back Tax Returns?
Many clients ask, “can the IRS audit me once I file back tax returns?” Yes, the IRS can audit any tax return. Filing back returns may slightly increase audit risk, but remaining unfiled is far more dangerous.
If you do not file, the IRS may create a return on your behalf. That return is usually far worse than what you would have filed yourself.
What Is A Substitute For Return?
Many clients ask, “what is a substitute for return?” When you do not file a return, the IRS can prepare one for you using income documents it has on file.
The Substitute for Return:
- Uses W2s, 1099s, and other income records
- Does not include deductions
- Does not include business expenses
- Often results in an inflated balance
We can often replace these returns with accurate original returns that dramatically reduce the amount owed.
Can I Get My Tax Refund If I File Late?
Many clients ask, “can I get my tax refund if I file late?” Yes, but only if you file within the refund statute of limitations. You must file within:
- Three years of the original filing deadline or,
- Two years from the date you paid the tax
After that, the refund expires forever. Once your return is filed, you can track the refund using the IRS online tool.
Resolve Your Tax Issues Before They Escalate
Don’t wait until notices or levies become a bigger problem. Contact Paladini Law today to schedule a consultation with a tax attorney. We’ll review your returns, help correct errors, and create a plan to protect your wages, assets, and peace of mind.
