What to Do if You Duplicate Filing Tax Returns?

Tax forms and submission can be time-consuming and confusing for many taxpayers in the US. At some point, you might wonder what happens if you duplicate filing tax returns unintentionally or you need to change an error on your original returns. 

This article will help you answer what to do if you duplicate tax returns and how to correct if you made a mistake on your original tax forms. 

What happens if I duplicate filing tax returns?

The most common concern for most people who discover they have duplicated their tax returns is whether they will be fined.

If you find yourself in this situation, you’ll be happy to hear that you won’t have to pay taxes again in the same year. Individuals who unintentionally file two tax returns won’t also get fined. You wouldn’t face any consequences if you filed your taxes correctly and didn’t under-report your income, even if you completed them twice.

Only people who submit their taxes late or avoid paying their taxes are subject to financial tax penalties.

However, the IRS does not accept filing two federal tax returns. Since your Social Security Number (SSN) has been used to file only one return, the IRS will only accept the first one and automatically reject any additional return filed with that SSN. 

They will also review the highlighted form to determine if the double filing was an error, a sign of fraudulent activity, or an effort at financial crimes. After that, you will probably receive an error code about the second one explaining why it got rejected. 

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What to do if you accidentally duplicate filing tax returns? 

If you accidentally submitted your taxes multiple times, but it does include the same data on both applications, you usually don’t need to do anything else.

When the IRS receives your subsequent tax return, it will review the double filing and will most probably conclude that it was found to be false. In this case, the IRS will immediately dismiss the second form, and you will most likely receive a warning message informing you of this.

On the other hand, if you submit a subsequent tax return to fix a problem on the first, you must file a tax return update using a different form to change errors or oversights in the original return. You need to file and submit Form 1040-X on paper because this form isn’t available online. 

Typically, you will not need to do anything additional at this point. If you previously duplicated your tax returns by email, it may take weeks or months for the IRS to review the two different forms and alert you of the denial. At this point, they should have received your Form 1040-X. After the review, you should ask for confirmation that the data on the initial update has been amended.

If you haven’t heard back from the IRS regarding your updated tax return after three weeks, you should call the IRS’s hotline for customer support. It’s a good idea to track your Form 1040-X‘s progress to be aware of the next steps.

The bottom line

If you don’t want to find yourself wondering what happens if you duplicate filing tax returns, you should consider asking a tax professional to prepare and check your return. A tax professional can help you avoid mistakes in tax filing and even make the best out of your deductions. 

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How To File Taxes For The First Time: A Complete Guide To All Your Questions

The first time filing taxes is a significant milestone for any young adult or freelance worker. You could count on your parents to handle tax filing in the previous years, but now it’s your turn to be responsible for your finances and file your taxes. This article will give you some quick tips on how to file your taxes for the first time and answer the most common questions. 

When do you need to file your taxes?

First, let’s figure out if you need to file taxes this year. This depends on your age, income, and filing status. For example, if you’re under age 19 (or under age 24 and a full-time student) and your parents cover more than half of your financial expenses, they can likely claim you as a qualifying child, and you won’t need to file taxes in this case. Another example is if you’re not married, younger than 65, and your gross income is less than $12,400, you also don’t need to file tax. 

Otherwise, if your income is from self-employment, this would be considered a “special situation,” and you’d be required to file your tax return. You can take a look at this guide for the minimum income to file taxes. 

how to file taxes for the first time
The IRS’s guide for the minimum income to file taxes

You can always check the IRS Tax Guide and answer a few questions to determine if you need to file.  

Important notice: Before filing your taxes, don’t forget to check with your parents to determine if they’re claiming you as a dependent on their taxes this year. This can happen if you still live with them or they offer substantial financial support. If you have enough income, you’ll still need to file your tax return, but your parents will get certain tax benefits, such as education tax credits and the Credit for Other Dependents. In this case, when preparing your return, you’ll need to indicate that you can be claimed as a dependent on someone else’s return. 

What documents do you need to file taxes? 

1. Personal documentation and income tax forms

To prepare for your taxes, you’ll need to provide your Social Security number, your income (and any freelance work) or unemployment income, and receipts of other income types (from real estate, royalties, trusts). You’ll also need to prepare a copy of last year’s tax return. 

Here is a list of tax documents needed before you begin: 

  • W-2s 
  • 1099s
  • Receipts of other types of income (from real estate, royalties, trusts)
  • Tax forms that report other income types

FYI: Keeping track of all your receipts can be a daunting task — paper receipts can fill up your wallet, desk, and drawers. In this case, consider using a receipt management app to store these papers digitally. See our suggestion for the Top Five Receipt Scanner And Organizer Apps 2021 to choose which one works best for you. 

Keep in mind that the IRS wants to know about all of your income, including your side jobs, bonuses, and interest income (such as from your savings account or investments), which the bank will notify you with a 1099-INT form if you’ve earned more than $10 in interest. So, don’t forget to keep track of your activities in the past year that might impact your taxes, such as: 

  • Changing jobs
  • Opening a new savings account
  • Selling stocks or mutual funds
  • Paying college tuition or student loan interest

2. Deductions

Deductions are factors that can lower your tax bill and can add to your refund. For instance, if you’re a student, you may be eligible for educational deductions. Your school will notify you if you qualify for these deductions by sending you a Form 1098-T. You can also deduct the interest you paid on your student loan. Or, if you’re a freelancer working from home, you might get the home office deduction. 

The most common tax deductions and credits for first-time filers are the following: 

Make sure you’re claiming as many deductions as possible, but remember to keep your deductions honest. 

You can try summing up itemized deductions and see if they’ll turn out to be more than the standard deduction. If not, don’t itemize since the standard deduction will save you more money.

Besides, if you itemize deductions, you need to be able to prove your expenses. This means being organized and keeping track of your receipts so you can prove to the IRS your return is legitimate. 

You can also claim your stimulus check if you missed one (or both). Check out the Recovery Rebate Credit on 2020 to see if it’s possible to claim this and file in Form 1040 or Form 1040-SR when preparing your federal tax return.

How to file taxes? 

After gathering all the necessary information, it’s time to start filing your taxes. But how to file taxes for the first time correctly? There are three options that you can choose from.

1. Filing taxes online

One of the most convenient ways to do your taxes is to file online. If your tax situation is simple, you can file your taxes for free using online tax services like TurboTax, H&R Block or the IRS’s free e-file options. You can also pay for premium packages to get access to extra features. 

These tools are comparatively easy to use. They will guide you through the process by asking you simple questions and filling out your state and federal returns for you. You can even take pictures of your completed forms and upload them to have your information entered automatically. Once you’ve finished, the tool will calculate the possible refund and file your taxes for you. 

2. Filing with a tax professional

It’s a great idea to have a specialist do your taxes if your tax situation is a bit complicated. You’ll have to pay a fee, which varies depending on the complexity of your taxes and the professionalism of the tax preparer. You can hire a certified public accountant, attorney, or enrolled agent. Just make sure the person is qualified by checking their credentials. 

Typically, the price range is between $100 and $300. If you’re looking for a low-cost option, you can look into your local credit unions and see if they may offer low-cost tax preparation services.

3. Filing your taxes manually

If you choose to file your taxes manually, especially when it’s your first time, it can be a bit complicated. You’d have to fill in Form 1040 or Form 1040-SR by hand and calculate all your income and deductions. After that, you’d have to send the form via email and wait from six to eight weeks for the IRS to process your return.

Though this is no longer a common way, especially when you don’t know how to file taxes for the first time, it can still be helpful for those who like to do some “DIY accounting” or simply want to practice the process. Keep in mind that if you choose to print and mail your return to the IRS rather than e-file it, you’ll have to think about the correct postage or stand in line at the post office.

The bottom line

Filing taxes, especially for the first time, is never easy and can lead to endless headaches. However, don’t let it scare you. All you need to do is track and manage your expenses properly, keep all necessary documents, and use a reliable tax service or contact a tax professional. 

The Shoeboxed Receipt Scanning & Expense Tracking app enables users to keep track of their expenses and receipts by turning paper receipts into digital data for tax prep purposes, accounting and bookkeeping. You can clear your wallet, desks, and drawers of paper receipts and have them precisely scanned with our OCR engine and human data verification features. We ensure that all of your paper receipts are legibly scanned, clearly categorized, and accepted by the IRS. 

Shoeboxed saves you a lot of time and hustle preparing for taxes, especially for the first time. Shoeboxed is now available on iOS and Android. Get your free trial now and be ready for the tax season!