![]() Reasons why a taxpayer might amend an income tax return filed this year, or even in previous years, vary widely. ![]() "We have an amended return for the same reason pencils have erasers," said Smith. By April 17, according to its latest report, the agency had received nearly 132.3 million individual returns, 0.8 percent more than last year. "It's not unusual for there to be 3 to 4 percent of returns, sometimes a little more, amended in a given year," he said. Read More Have you done this with your 401(k)?Īlthough the IRS has not yet released estimates for this year, spokesman Eric Smith said it's likely to be a figure similar to last year's. Last April, the IRS said it expected that almost 5 million taxpayers-about 4 percent of the 131.2 million returns received-would file an amended return. "It's not extremely common, but it's certainly not rare, either," said Melissa Labant, director of tax advocacy for the American Institute of Certified Public Accountants.
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