How to File an Amended Tax Return – IRS Form 1040X
Discovering new income information after a tax return has been filed can be confusing for many taxpayers.This prompts the need to file an amended tax return.Taxpayers often wonder if they should inform the IRS of the change in the first place or if that will prompt additional scrutiny on other tax returns.While some changes don’t […]
Surviving an IRS Tax Audit
Get experienced IRS tax audit representation. We know how to settle problems with the IRS. Facing an IRS Audit? Have Unfiled Tax Returns? Owe More Than $10,000? Need IRS Fresh Start Penalty Relief? If you are faced with a pending tax audit by the IRS, it's in your best interest to have expert representation by […]
Tax Preparation – Settling Up with the IRS
by Walter Wotman, CPA
At the end of the year, it's time to watch the dust settle on all of your financial transactions. From making the money, to spending the money, to investing the money, taxes are sprinkled on almost every financial move we make. It's very rare to pay exactly how much you owe over the year. Filing a tax return summarizes for the IRS what you've done financially in a given year, in order to be sure that you have paid what you owe in taxes for your financial decisions and/or to be sure that you didn't pay too much. It's essentially a way to "settle up" with the IRS on a yearly basis.Read More