Waiting on an amended return is a particular kind of frustration. You filed a Form 1040-X to fix something — a W-2 that arrived late, a corrected 1099, a deduction you didn’t know you qualified for — and now the money, or simply the answer, isn’t coming. Here is how to check your amended tax return status, what the... continue reading →
Fulfilling your tax obligations is crucial to maintaining financial compliance and peace of mind. However, life can sometimes get in the way, leading to the unintentional neglect of filing tax returns on time. In this blog post, we will explore the consequences of past due tax returns, discuss the importance of seeking tax help, and explain how a CPA... continue reading →
When choosing a CPA (Certified Public Accountant) firm, several factors must be considered. Here are the top 10 things to look for in a CPA firm: In conclusion, choosing the right CPA firm is an important decision that can significantly impact your financial success. Considering these top 10 things, you can be confident that you have chosen a firm... continue reading →
Many Americans dream of owning a home. And, when you are ready to sell that home, it is important to understand how to calculate your home’s adjusted basis and whether the sale may effect your tax return. The good news is, you may qualify for an exclusion of some, or all, of the gain from the sale. Here are... continue reading →
There has been an increasing trend of banks, landlords, and/or lenders asking self-employed individuals for letters from a CPA to verify, certify, vouch for, or attempt to estimate the applicant’s income. This income statement is then assessed by the lender when determining whether the loan should be approved. Some examples of requests (variable wording but roughly the same request)... continue reading →
As a taxpayer or business owner, you will need to do this each year to file your tax return and pay any necessary taxes. While this may sound dreadful for many taxpayers, there are options that you can take advantage of to make this process much more manageable. One of the things you should do is work with a... continue reading →
The IRS provides many resources to help military members, veterans, and their families file their taxes. Military filing can be complicated, so there is help out there. If you need tax help from a local expert contact us today. Here is a list of some helpful resources. There is a section on irs.gov that will have information for military... continue reading →
Dear Client, I hope that you are safe and healthy during this time of uncertainty. We extend our best to you and your families. Our offices have received a number of inquiries about government grants, funding, loans or otherwise any assistance available. We are trying to stay updated on the financial climate and respond to you, as quickly and... continue reading →
When Will I Receive My Amended State Return? Each state has its own way of processing amended state tax refunds. Paper returns will take longer. By looking up “Where’s My State Refund”, you will be able to click on your state and find the site for getting the information about your amended return. In most states, if you have... continue reading →
As the April 15th deadline for filing taxes approaches, getting your finances in order is a must. Finding a great tax expert near you in Maryland, Virginia, is possible by getting organized and seeking the right assistance using various resources. Preparing to File Your Tax Return Before selecting a tax expert to help handle your filing and returns this... continue reading →
