The Peck Group, LC
  • Comprehensive Tax Law Representation Since 1995

    We handle every aspect of tax law: preparing tax returns, representing clients during audits, resolving IRS and state tax controversies, and creating tax planning strategies for the future.

  • Problems With The IRS Or State Tax

    Our attorneys are committed to providing efficient and effective tax solutions for individuals and businesses in Georgia and nationwide.

  • Planning For The Future

    Our lawyers help individuals and businesses with all aspects of estate and tax planning. We help our clients use proactive strategies to minimize tax implications in the future

  • Changing The Balance Of Power

    Does it feel like the government has all the power? Taxpayers have rights, too. We use our knowledge of tax law to shift the balance of power and ensure that your rights are protected.

  • Tax Solutions … And Peace Of Mind

Do you need to amend your tax return?

For a lot of Americans, the tax return deadline came and went without incident. For many, their returns were much like they always are: straightforward and relatively easy to file. But for some individuals, the process may not have been so simple.

The arrival of late tax documents or the realization that a deduction was not filed properly are just two things that could send the average taxpayer into a panic because of the threat of an audit. For people in this situation, the next few months may be the time to consider filing an amended tax return.

But when is it necessary to file an amended return? Sometimes, not as often as you may think. 

A look at amended returns

When filing a tax return, the IRS asks taxpayers to be as accurate as possible, making sure to account for every dollar of income and every deduction. If auditors notice a discrepancy that you were aware of and failed to correct, you could face allegations of tax evasion, which is an incredibly serious matter.

But even the IRS understands that mistakes happen and admits that small mathematical and clerical errors typically do not require you to file an amended return. According to an IRS topic page regarding amended returns, there are several instances in which you should file an amended return, such as accounting for:

  • Inaccurate information on a previously filed return
  • Interest or penalties on investment accounts or loans
  • Missed deductions or credits
  • Additional income you didn't claim on your initial filing

Basically, it's up to you whether you file an amended return or not this year. Just remember, knowing about a considerable mistake and failing to correct it can lead to serious consequences that could end up requiring the skill of an experienced tax lawyer during legal proceedings. 

No Comments

Leave a comment
Comment Information
Email us for a Response

Talk to an Attorney

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

The Peck Group, LC
5855 Sandy Springs Circle N.E., Suite 190
Atlanta, GA 30328

Phone: 770-884-6914
Fax: 770-933-2369
Atlanta Law Office Map

Payment Cards