You'll need to sign in or create an account to connect with an expert.
There is no duty to amend a tax return if you made an honest mistake (even if it would result in more tax owed). You may wish to file an amended return, either to get a refund or to stop interest/penalties from accruing. Neither seems to apply in your case. I wouldn't worry about it.
More detail here:
https://www.thetaxadviser.com/issues/2017/jan/amed-return-client-decision.html
"The Supreme Court held that, despite these and other references to amended returns in the Treasury regulations, "[n]one of these provisions, however, requires the filing of [an amended return]" (Badaracco at 397). Similarly, the Tax Court held that taxpayers are not required by statute to file an amended return when an originally filed tax return is discovered to be incorrect and that the failure to file an amended return in this context does not, by itself, establish an intent to evade tax (Broadhead, T.C. Memo. 1955-328)."
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
amos654
New Member
txchentax
New Member
Sunny-641
New Member
art862
New Member
cossack38
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.