What it is:
Mistakes happen, and the IRS is about mistakes). For this reason, the IRS provides the Form 1040X, which requires a line-by-line description of any necessary adjustments, as well as supporting documentation and explanations.understands that (though the jury is still out regarding how forgiving the
How it works (Example):
Why it Matters:
A Form 1040X is a tax form used to amend a previous tax return.