The IRS reminds taxpayers that just because many states have legalized the sale of Marijuana, at the Federal level Marijuana still remains a Schedule I controlled substance and under IRC Sec 280E taxpayers may not claim any deductions or credits for any amounts paid or incurred in carrying on a Marijuana trade or business that […]
In IRS Tax Tip 2024-38 the IRS reminds taxpayers when they should file an Amended US tax return- math errors, missing income or other types of mistakes or errors. When a taxpayer realizes that their federal tax return has a math error, missing income or other mistake, they should file an amended tax return. A […]
The IRS announced in IR-2023-22 on February 9, 2023 as a follow up from its June 23, 2022 announcement that we are now able to efile Amended Form 1040NR- U.S. Nonresident Alien Income Tax Return, that we can now also choose to direct deposit the refunds to speed them up! In the latest improvement for […]
The IRS announced Thursday, June 23, 2022 that we are now able to efile Amended Form 1040NR- U.S. Nonresident Alien Income Tax Return, however it will be some time before the software manufacturers catch up and implement these changes. Taxpayers are now able to file amended returns electronically in more of the Form 1040 series, […]
Major IRS milestone helps taxpayers correct tax returns with fewer errors, speeds processing The IRS announces in IR-2020-182 as we reported on May 27, 2020 that the ability to for Amended efiling starting with the 2019 tax year only, is now a reality and is effective and in place effective August 17, 2020. Our software […]
Finally…the IRS announces in IR-2020-107 that starting this summer of 2020 they will begin to allow for Amended efiling starting with the 2019 tax year only, a long awaited and overdue change that should dramatically speed up the processing times of filing amended tax returns hat have stretched anywhere from 6 months to up to […]
What the IRS wants taxpayers to know about filing mistakes on their tax returns. Taxpayers can fix mistakes or omissions on their tax return by filing an amended tax return. If you need to amend, the following tips should prove helpful to you. Although the IRS often finds and corrects errors during processing, there are […]
What the IRS wants taxpayers to know about filing mistakes on their tax return. Taxpayers can fix mistakes or omissions on their tax return by filing an amended tax return. If you need to amend, the following tips should prove helpful to you. Taxpayers who discover an error after filing may need to amend their […]
