How much is the cost for filing an amended return on OLT?
Online Taxes (OLT) offers amended return filing services for individuals who need to correct their previously filed tax returns. The cost depends on whether you originally filed your return with OLT or not.
Cost Details
- If you filed your original return with OLT: The amended return is free.
- If you did not file your original return with OLT: There is a fee of $49.95 for the software calculations and generation of the Form 1040X and any corrected forms.
How to File an Amended Return with OLT
Whether you originally filed with OLT or not, you can file an amended return through the OLT platform:
- Go to the OLT homepage and select "Amend a Tax Return."
- If your original return was not filed with OLT, choose "Original was not filed with OLT" and start the amended return process.
- Create an OLT account if you don’t already have one.
- Follow the online interview to enter your updated information.
- OLT will generate Form 1040X and any necessary corrected forms.
Important Notes
- You must enter the information from your original return exactly as it appeared, except for the changes you are amending.
- All fields from the incorrect Federal 1040 Form must match the original return you are amending.
- For state amended returns, especially in Maine, all amended returns must be printed and mailed.
Source:
Form 1040X
Disclaimer: Always verify details with official Federal or State Department of Revenue Forms and Instructions.