What’s a tax amendment?

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• Is there a deadline to file for an individual tax amendment?

  Yes, 3 years from the filing date.

• Can I just file my FBAR with my U.S. tax return?

  Technically, the FBAR is filed electronically using a completely separate e-filing system than that used for U.S. tax returns. So it needs to be efiled separately also the deadline is June 30th.

• Does filing the FBAR have any effect on my U.S. federal income tax situation?

  No really—the FBAR is simply a disclosure form.  But if there is any earned interest or dividend on the accounts then that needs to be reported on the Tax filing on the income side.

• I owe money on my last year’s tax return, Can I still get a refund this year?

  - If you owe any federal tax, state tax, student loans, or child support, your refund may be withheld. However, the IRS will most likely automatically apply your refund to any past due amounts.

• How many times can you file for an amendment?

  You can only file for an amendment to a filed tax return once.