Do Amended Tax Returns Raise Red Flags or Trigger an Audit?

Taxpayers typically amend their returns to correct mistakes, claim missed deductions or report additional income. While the IRS does allow amendments, many worry that filing a Form 1040-X could increase their chances of an audit. Since tax laws are complex, making an error when amending a return could lead to further issues. A financial advisor […] The post Do Amended Tax Returns Raise Red Flags or Trigger an Audit? appeared first on SmartReads by SmartAsset.