With the holidays swiftly approaching and the new year shortly following, now is the ideal time to prepare for tax season. As quickly as it arrived, the holiday season will soon pass. Then tax season will soon commence. With the right strategic planning and preparation, you can take a holiday from dreading next year’s Tax […]
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If you’ve realized that you filed a tax return with incorrect or incomplete information, you may be able to file an amended tax return to correct the mistake. Whether you overlooked income from a job or filed a return and then received an additional W2 or 1099, the incorrect tax return can lead to tax trouble with the IRS. Or maybe you realized that you filed with the wrong status or missed a deduction and should have gotten a higher return. We can help with the IRS form and the process for how to amend a tax return from a prior year.
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Tax resolution experts know that tax season extends far beyond April. Minimizing your potential tax debt through a year-round effort can be far more effective than scrambling to find deductions near deadlines. If you want a lighter tax bill next April 15th, consider the following tips from our experienced tax resolution team at Tax Resolution
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If you owe creditors more than you can afford to repay, you may qualify to have the debt forgiven. But it’s important to know that while debt forgiveness cancels the debt you owe to your creditors, it may create or add to a tax debt to the IRS. Even if you’ve had debt cancelled, you may owe taxes on the forgiven debt.
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