Glossary

Amended Return (Form 1040X)

An amended return, also known as Form 1040X, is used to correct errors or make changes to a previously filed tax return. It's your chance to fix mistakes and potentially get back money you're owed.

Abatement

An abatement is essentially a reduction or cancellation of a tax, penalty, or interest owed to the IRS or state tax authorities. It can offer relief to taxpayers who have legitimate reasons for not meeting their tax obligations.