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Is there a filing deadline for amended tax returns?

Yes, there is a filing deadline for amended tax returns. If you’ve already filed your tax return and noticed that you over-reported income, you can potentially receive a refund by filing an amendment. There are two scenarios in which you can possibly receive a refund. The IRS will accept whichever occurs later:• Amendment filed within three …

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IRS Estimated Tax Payments

Short Summary: The whole point of making estimated tax payments is to avoid the underpayment penalty. Failure to make estimated tax payments can result in underpayment penalties because the IRS wants their money as you earn it throughout the course of the year. Who is this most applicable to: Independent Contractors Self-Employed People S-Corporation Owners People with …

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