An amended return corrects a filed tax return: individuals file Form 1040-X, corporations file 1120-X, and partnerships generally file an administrative adjustment request under the centralized audit regime. Refund claims have a deadline: generally the later of three years from when the original return was filed or two years from when the tax was paid. Common triggers include corrected 1099s or late K-1s, missed deductions and credits, basis corrections, and claiming retroactive elections or relief. Not every error needs amending: the IRS fixes arithmetic mistakes itself, and a forgotten W-2 often just generates an automated notice. Amending to claim a legitimate refund does not meaningfully raise audit risk, though the claim gets a human review at higher amounts. Individuals can e-file 1040-X for recent years, and state amendments usually must follow federal ones. Interest is paid on refunds and charged on balances from the original due date.
Amended Return
Primary authority: IRC §6511; Form 1040-X
The authority behind it
IRC §6511; Form 1040-X
Every entry in this glossary cites the statute, regulation, or IRS guidance behind it.
Worked example
Two years after filing, a landlord discovers she never claimed $9,000 of depreciation. Still inside the three-year window, she files Form 1040-X and receives a $3,100 refund plus interest.
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