especially if income has been revised higher, you could be penalized with a fine or even imprisonment. If revised return is filed to correct a bonafide mistake then no penalty can be levied, otherwise it can be levied which could be 100 to 300 percent of tax dues. ...
Complete the state amendment form and submit it to your state's Department of Revenue. The form should have the correct income, deductions and filing status that should have gone on the original tax return. If the amendment results in additional taxes due, mail the tax payment with the amendm...
How to revise the Income Tax returnSometime, after submission of the return, the taxpayer may feel that there are factual inaccuracies in the return which he/she has filed. In that case, the tax-payer may revise the return. In this thread, I am trying to mention the process of revising...
From gift-buying to travel and entertainment, holiday spending can leave you feeling less than festive heading into the New Year. The good news is, your tax refund can be one way to pay down lingering holiday debt and get you back on track financially. H
tax return. It's a very helpful document, but you need to know how to read it, including how to find the refund amount on tax return transcripts. Here is how to decipher this document so you can take advantage of all the information it holds. Don't have a copy of your tax ...
If you ever decide to take the plunge and buy a home, your mortgage will likely be the largest debt you'll ever take on. And as part of owning a home, you may be faced with fees in terms of mortgage points. However, paying mortgage points can sometimes m
HOW TO COMPLETE YOUR INDIVIDUAL INCOME TAX RETURN ( ITR12 )Leung, K KFong, W KChan, P K LSurya, C
An Assessment of Usability of Online Tax Return Services in Uganda and Its Influence on Tax Revenue The introduction of various online tax return services in sub-Saharan Africa was meant to foster tax compliance and improve tax revenues for economic growth and development. However, there is evidenc...
Filing a Self Assessment tax return online can feel overwhelming, especially if it’s your first time. Our guide walks you through the complete process – from registering with HMRC, to paying any tax you owe – so you can avoid both panic and penalties. What we’ll cover: What is a Se...
and crunching the numbers. It may seem frustrating and leave you wondering about your options to file your return—and what you need to do it right. Learn how to file your taxes, whether you choose to do it on paper, withtax preparation software, or by hiring someone else. ...