When To File An Amended Return

Taxes are a big deal, so it's no surprise most people take a great deal of time preparing and filing their taxes. However, mistakes are inevitable. The IRS, fortunately, does leave room for error and allows you to file an amended tax return for a period of up to three years. If you've run into a mistake, but aren't sure you should file an amended return, learn about some of the scenarios when it makes the most sense.