Accessing Your Tax Slips
Tax slips are issued by the end of February following the calendar year to which they apply. For example, your 2020 tax slips are issued by the end of February 2021.
Tax slips are distributed electronically. If you are a current employee, you can access your tax slips online through Phoenix self-service and MyGCPay using the Compensation Web Applications .
In exceptional situations, pay-related tax slips may have to be issued outside the Phoenix pay system. Effective 2019, you can access tax slips issued outside of Phoenix online, using the Compensation Web Applications by selecting Additional Tax Slips under CWA pay stubs and archived tax slips.
If you are expecting a tax slip to be issued and it is not available online through Phoenix self-service and MyGCPay or under Additional Tax Slips by the end of February, either contact the Client Contact Centre or complete and submit the Enquire about your pay: Phoenix feedback form.
If you are a former employee or an employee on leave without pay, your tax slips are mailed to your mailing address as it appears in Phoenix. If there is no mailing address, your home address will be used. To avoid any delays, ensure that your current address is up to date in Phoenix. Contact your former Human Resources department or former Compensation Office to have your address updated in both the HR system and Phoenix.
All employees can access their tax slips online if they are registered with CRA or, if applicable, online services.
What Happens If I Have Made A Mistake On My Tax Return
If you made a mistake on your tax return, you need to correct it with the IRS. To correct the error, you would need to file an amended return with the IRS. If you fail to correct the mistake, you may be charged penalties and interest. You can file the amended return yourself or have a professional prepare it for you.
Can I Re-File My Taxes If I Forgot Something?
You can refile your taxes if you need to make a change or forgot to add something. You can file an amended return using Form 1040-X. Form 1040-X is available on the IRS website or at an IRS local office. You can also have a professional prepare the amended return for you.
What Is The Penalty For An Incorrect Tax Return?
There is no specific penalty for an incorrect tax return. However, penalties can apply to your incorrect tax return. For instance, if you have to pay more tax, more penalties will apply in correlation to the increase in tax. On the other hand, if your mistake resulted in less tax, there would be no penalties associated with your corrected return.
Will The IRS Catch It If I Have Made A Mistake?
The IRS will most likely catch a mistake made on a tax return. The IRS has substantial computer technology and programs that cross-references tax returns against data received from other sources, such as employers. When the IRS cross-references your returns with other information, their programs will almost surely catch any mistake or incorrect information reported on your tax return.
Correct Your Income And Tax Figures
If you didnt include all your payment documents when preparing your return, or if you receive additional tax documents for the tax year, you would need to file an amended tax return to report the additional income and tax.
For example, a Form W-2 arrives in the mail after the tax deadline, or you forgot to file it.
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How Do I Correct My Income Tax Return
Login to e-Filing portal by entering user ID , Password, Captcha code and click Login. 3 Post login, click on the e-File menu and click Rectification link. Select the Order/Intimation to be rectified as Income tax or Wealth Tax and then Select the Assessment Year from the drop down. Click Continue.
Remember That The Irs Will Catch Many Errors Itself
For example, if the mistake you realize you’ve made has to do with math, it’s no big deal: The IRS will catch and automatically fix simple addition or subtraction errors.
And if you forgot to send in a document, the IRS will usually reach out in writing to request it.
If the issue is a small one, the best thing you can do is wait until the IRS has fully processed your initial tax return. At that point, you will be able to see if the IRS simply corrected the error or has asked you to submit more information.
And Kazenoff says it’s OK to cash the refund check from the original return before receiving any additional refund that may be due to you.
“You really should wait until that first return is processed because you want it to go through the system,” says Kazenoff, who previously worked as a senior tax attorney with the Office of Chief Counsel at the IRS. “Better to wait for it to get processed.” The IRS says that most returns are processed within 21 days.
If your error means you actually owe more to the IRS, the process can be a little more complicated. But for most people, it’s still manageable. Read on for what to do if you have a bigger tax mistake to solve.
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How Far Back Can You File Taxes In Canada
Here is what you need to know about filing prior year tax returns, including how to file back taxes, and how far back you can file taxes in Canada. Farber Tax can help you get your tax situation in order and avoid costly CRA penalties and interest.
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Home»Everything You Need To Know About Late Tax Filing» How Far Back Can You File Taxes in Canada?
Amending Income Tax Returns
See also .
Note: You cannot use TAP to file amended returns.
Amend your return if you find an error on your Utah or federal return, or if your federal return is audited or adjusted by the IRS in a way that affects your Utah return. You must amend your Utah return within 90 days of the IRSs final determination.
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How To File An Amended Tax Return
Filing an amended tax return is simpler than you might think. Heres what youll need to file:
- A Form 1040-X for each year that youre amending your return
- A copy of the original return you need to fix or update
- Any notices the IRS sent you about issues with your return
- Any supporting documentation you need that has to do with the changes youre making
Heres how the process works:
Quick tip: If youre mailing in your return, the address you send it to will depend on the state where you live. Check out the IRS site to find the right address for you.
Can I Change My Federal Income Tax Return
Once you have dropped your original income tax return in the mailbox or sent it off electronically, you can no longer change that return.
If you want to make changes after the original tax return has been filed, you must file an amended tax return using a special form called the 1040-X, entering the corrected information and explaining why you are changing what was reported on your original return. You don’t have to redo your entire return, either. Just show the necessary changes and adjust your tax liability accordingly.
You generally must file an amended return within three years of the date you filed the original return or within two years after the date you paid the tax, whichever is later if you are attempting to get a refund.
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Is There A Penalty For Filing An Amended Tax Return
There is no penalty for simply filing an amended return. But if your mistake caused you to underpay tax, you will owe that additional tax. If you amend your tax return before the April deadline and pay the remaining tax you owe, you wont have to pay a penalty. If you dont file until after the deadline, the IRS may assess penalties and interest for the additional tax.
You may also be wondering whether filing amended tax returns increases your chances of an IRS audit.
Requesting a high refund on an amended return does carry a high risk of being audited, Stranger says, But otherwise, I havent seen it overall increase risk more than any other return filing.
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Should I File An Amended Return To Get My Stimulus Check
No, filing an amended tax return will not help you receive a stimulus check or a larger payment amount. If the IRS already determined that you are ineligible to get a stimulus check based on your 2018 or 2019 tax return, the IRS will not reevaluate your eligibility. Similarly, if you have already received your stimulus check and it was less than you expected, the IRS will not reevaluate your payment amount.
Note: If you used the IRS Non-filers tool to claim your stimulus check but needed to file a 2019 tax return, you will need to file an Amended EIP return. An Amended EIP Return is different from Form 1040-X. Read more about an Amended EIP Return to find out if you need to file one and how to do it.
If you did not qualify for a stimulus check based on your 2018 or 2019 taxes, or you did not receive the full amount of the stimulus check you believe you are entitled to, you can claim the Recovery Rebate Credit if you are eligible based on your 2020 tax return.
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Let The Irs Correct Certain Errors
You dont need to file an amended return if you discover a simple math or clerical error on your return. The IRS can correct those types of mistakes on its own. An amended return isnt necessary if you forgot to attach a certain form or schedule to your return, either. The IRS will contact you by mail if they need additional information to fix these types of errors. However, you should file an amended return if theres an issue that changes your filing status, income, deductions, or credits.
You Forgot To Report Income From A Side Gig
You worked a side gig but had no idea you had to report the extra income on your federal income tax return. You went ahead and filed your taxes, but later you received a CP2000 notice from the IRS alerting you that the information the IRS has on file doesnt match what you reported on your tax return. In this case, you may have underpaid your taxes.
The notice shows the side gig income that you forgot to report. If the information in the CP2000 is correct, you dont need to amend your return unless you have additional income, credits or expenses to report.
In this case, you agree with the notice but also had expenses that need to be deducted. So youll have to file an amendment.
To deduct your side-gig expenses, fill out a Schedule C for the side gig and file a 1040X. You will also want to write CP2000 on top of your amended return, attach it to the response form, then mail it to the IRS.
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Contributing To Your Spouses Registered Retirement Savings Plan
Contributions you make to your spouses RRSP can be deducted from your taxable income. This is advantageous if you have a higher net income, which is taxed at a higher rate than your spouse. However, the contributions you make to a spouses RRSP reduce your own deduction limit. The total amount you can deduct for contributions you make to your RRSP or that of your spouse cannot be more than your own deduction limit. If you cannot contribute to your RRSP because of your age, you can still contribute to your spouses or common-law partners RRSP until the end of the year when your spouse or partner turns 71. For more on RRSP, please click here.
How Do I Change My Return After Its Been Submitted
Once your tax return has been filed, you need to wait until its been assessed by the CRA to make any changes. Most returns are assessed within seven days of filing.
If you use CRA My Account, you can see if your return has been assessed at the top of the Overview page. Otherwise, youll need to wait for your Notice of Assessment to arrive in the mail.
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What Is An Amended Tax Return
To amend something means to change it, and thats exactly what you do when you file an amended tax return. You change your tax return to reflect new information.
Filing an amendment may seem confusing because you must complete extra forms in addition to the original 1040. Anytime you need to change your filing status, income, deductions or credits, you will need to file a 1040X amended tax return along with any forms or schedules that youre changing.
The 1040X reports your original numbers as well as your new numbers along with a calculation of the difference between the two. To file an amended return, you will need the original copy of your return and the new information that needs to be changed.
Keep An Eye On The Calendar
Generally, the IRS audits only returns from the previous three tax years though there are major exceptions. So although it might be tempting to wait and see if the IRS will catch you in an error, it might be cheaper to fess up sooner rather than later.
The IRS charges interest and penalties on outstanding tax liabilities going all the way back to the original due date of the tax payment. So the longer you wait to fix a mistake, the more expensive that mistake can get.
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You Missed Claiming A Credit Or Deduction You Were Eligible To Receive
There are a number of credits and above-the-line deductions that could help you lower your tax bill. If you are eligible for one and dont claim it, you could be leaving money on the table. Filing an amended tax return could allow you to claim that money.
For example, if you paid college tuition during the tax year, you could be eligible for the American opportunity tax credit or the lifetime learning credit. If you want to claim your educational credits after youve filed your 1040, youll have to file an amendment.
Can I Redo My Taxes And Should I
OVERVIEW
Congress sets the laws that change the current and future rules around taxes. But some of these changes can also retroactively affect taxes from previous filings. You might be wondering how to file an amended return to take advantage of these changes and whether you should.
For information on the third coronavirus relief package, please visit our American Rescue Plan: What Does it Mean for You and a Third Stimulus Check blog post.
Have you ever filed your tax return and realized after the fact that you made a mistake or found out about new information that would change your return? You probably sat back and immediately asked yourself, Can I redo my taxes?
If youve been in this situation, you arent alone. This is the process for filing an amended tax return and the tax breaks you may be able to take advantage of when you do.
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Correcting A Ct Income Tax Return
ALERT: RECENTLY ENACTED FEDERAL LEGISLATION MAY IMPACT CERTAIN CONNECTICUT TAXPAYERS for more information, .
If corrections are necessary, you must file Form CT-1040X, Amended Connecticut Income Tax Return. Do not submit a second Form CT-1040 or Form CT-1040NR/PY.
ON-LINE Amend your return using the TSC-IND, our free, online filing system. Login to your account, select the CT-1040X filing option and choose the period you wish to amend. On-line amendments can only be filed after the original return has processed.
PAPER If you cannot use the TSC-IND, download the amended return from our website, complete it, and then mail it to DRS.
NOTE: Amended returns do not have the option to choose direct deposit.
When must an amendment be filed in order to claim a refund?
Purpose: Use a Form CT-1040X to amend a previously filed Connecticut income tax return for individuals. Visit the DRS Taxpayer Service Center at portal.ct.gov/TSC to file Form CT-1040X online.
You must file Form CT-1040X in the following circumstances:
Do not file Form CT-1040X
Financial Disability
Ask The Taxgirl: Filing The Same Return Twice
Tax laws change all of the time.
This post seems to be older than 14 years. A lot could have changed since then. Check with a tax professional if youre not sure if it applies to you.
Taxpayer asks:
Hi Kelly,
I have a quick question.I used e file and IRS rejected it on 15th, so I sent my documents via postal mail.Meanwhile on my second attempt to e file with paper sign. IRS accepted my return. Does it create any problem as everywhere it says do not file if you are e filing.
Please help me here.
Taxgirl says:
Hmm Ive never had this happen before. I have had clients that filed twice on paper because they werent sure that they had mailed it already .
I am not sure what would happen with the case of efile and paper returns but heres my hunch: assuming that the returns are the same, the IRS will ignore the second one. Youll probably get a letter saying that theres a problem with your return and it will go on to say that they have received two copies of your return and that only one can be processed.
Id hold tight and see. I definitely wouldnt lose any sleep over it unless the returns are different, you sent payment with both or something similar. If any of those situations is the case, Id follow up with IRS.
If anyone else has experience with this situation, by all means, chime in!
Before you go: be sure to read my disclaimer. Remember, Im a lawyer and we love disclaimers.If you have a question, heres how to Ask The Taxgirl.
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