What If Forgot Something On My Tax Return?
Each year, all American workers are required to submit their tax returns and either receive a return check or send a check to the government. Since most taxes are put together in a rush, the taxes are often forgetting critical items. If you forget to include some information in your taxes, there are several things you can do.
Amend Your Return
The first thing you can do if you forgot something on your tax return is amend your return. An amendment to a tax return is a form you submit after you have already submitted and received your tax return. Almost anything related to your taxes can be amended. This includes adding income, taking credits, or adding deductions. If your tax liability increased, you may have to send in a check as well.
Add it Next Year
The second thing that you can do if you forget something on your tax return is to add it to your return the following year. When you fill out your taxes, you will have the chance to make claims from the prior year that you forgot to include. Be sure to include the information as soon as possible to ensure that you are not caught excluding critical information during an audit.
Forget About It
The third thing that you can do if you forget something on your tax return is to forget about it completely. If the information you forgot to include is inconsequential and would not benefit the government, then there is no need to do anything about it. However, if you happen to forget to include vital information, such as income, then you could be caught during an audit.