amended return

Friendly

Word: Amended Return

Definition: An "amended return" is a type of tax form that you file to correct mistakes or add new information to a tax return that you previously submitted.

Usage Instructions:

• You use an amended return when you realize that the information in your original tax return is incorrect or incomplete.
• It allows you to fix errors like missing income, incorrect deductions, or changes in personal circumstances that affect your taxes.

Example:

• "I submitted my taxes last month, but I noticed I forgot to include some income. I need to file an amended return to correct that mistake."

Advanced Usage:

• In the context of tax law, filing an amended return is often necessary to avoid penalties or to receive a refund you may be entitled to after adjusting your figures.

Word Variants:

• Amend (verb): To make changes or corrections to something, such as a document.
• Amendment (noun): The act of making changes or the changes themselves.

Different Meaning:

• In a broader context outside of taxes, "amended" can refer to making changes to any document or agreement, not just tax returns.

Synonyms:

• Corrected return
• Revised return
• Updated tax return

Idioms and Phrasal Verbs:

• "To amend one's ways": This means to change one’s behavior for the better, which is not directly related to taxes but uses the root "amend."
• "Make amends": This phrase means to correct a wrongdoing or to compensate for a mistake, similar in spirit to filing an amended return in that you are fixing something that went wrong.

Academic

Noun

1. a tax return that corrects the information in an earlier return