I discovered I have been making a mistake on my taxes for a few years, this year I corrected the mistake.
I am uncertain if I should amend past years or not? Will amending increase my chances of being audited and then would they go back to the very first year I messed up? It was not fraud, it was an honest misinterpetation of a rule.
I've been given all sorts of advice from amend the years 2009 and 2010 to don't amend and see if they catch it. I worry that I would get in trouble if I don't amend and they catch it.
Thoughts? Will I be putting myself at a bigger risk and am I legally obligated to amend?
I am uncertain if I should amend past years or not? Will amending increase my chances of being audited and then would they go back to the very first year I messed up? It was not fraud, it was an honest misinterpetation of a rule.
I've been given all sorts of advice from amend the years 2009 and 2010 to don't amend and see if they catch it. I worry that I would get in trouble if I don't amend and they catch it.
Thoughts? Will I be putting myself at a bigger risk and am I legally obligated to amend?
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