Will You Be Audited After Amending Your Taxes?

2 Mins read

One of the common questions asked by taxpayers is, “Will I be audited after amending my tax return?” Some taxpayers in Hanover think that submitting a revised return could bring the IRS’s unwanted focus. On the other hand, it could be true that filing an updated tax return is a preferred course of action than filing a false return, and I hope the Internal Revenue Service does not catch you! You should consider consulting with a CPA in Hanover, MD, for guidance on this matter.

Once you amend your taxes, will you be audited?

An updated previously filed tax return is known as an amended tax return. Updating information that could have been filed incorrectly is the goal of an amended tax return. Some of these data may include “filing status, family members, total income, deductions, or credits,” according to the IRS website. You must also verify that you have either paid the right amount of taxes or received any refunds that you have a right to. Sometimes, information that unintentionally slips out of the first filed return leads to the filing of an updated return. 

Furthermore, if you do pay taxes to the IRS or your state taxation authority, filing a modification as quickly as possible could, in certain situations, help lower or even ultimately eliminate interest and penalties.

Secondly, you might be wondering if filing an amended tax return is a challenging task. It is difficult to respond because every person’s tax situation is unique, but in general, millions of taxpayers file updated returns every year and find the process to be routine and straightforward. Getting in touch with your tax preparer as soon as you think you might need to file an amended return is essential. You can also start the process by logging onto your tax preparation software.

When will you be audited?

You may be wondering what the IRS audit process is for revised returns. The procedure for an initially filed return and an updated return is the same; that is the solution! The IRS audit selection process is the same whether you think your return was filed accurately the first time or whether you need to file an update. 

Possible discrepancies in a tax return are detected by the IRS computer system, which is the source of the majority of audits and alerts. Therefore, filing an amendment in response to a tax return that was filed incorrectly helps you avoid an audit entirely by preventing your tax return from being noticed.

About author
The author, Dr. David K Simson is a trained radiation oncologist specializing in advanced radiation techniques such as intensity-modulated radiotherapy (IMRT), image-guided radiotherapy (IGRT), volumetric modulated arc therapy (VMAT) / Rapid Arc, stereotactic body radiotherapy (SBRT), stereotactic radiotherapy (SRT), stereotactic radiosurgery (SRS). He is also experienced in interstitial, intracavitary, and intraluminal brachytherapy.