I recently found out that I did not include some of my income on my tax return. What should I do? Answer: You must file an amended tax return: IRS Form 1040X. According to the instructions for Form 1040X, your amended return must be filed within three years…

You’d think this would be a simple question with a simple answer; however, there are different time periods for different types of conditions. Here are a few: 1) If you owe additional tax, and you’ve followed the law then hang onto everything for 3 years. 2)…