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If you have filed a return taking a wrong position -- say, omitting income or taking a flaky deduction -- is it a bad idea to amend the return and fix it? If the IRS hasn't sniffed it out yet, Jack Townsend makes a strong case for fixing the problem with an amended return.
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not necessarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to