Making a mistake on your tax return isn't as big a deal as you might think. The IRS allows you to file an amended tax return to correct any errors you may have made, including missed tax deductions. If you made a mistake or missed something on your lates
IRS publications are helpful guides the IRS provides to educate taxpayers. There are IRS publications covering nearly every topic, from reporting tip income to filing taxes as a business owner and how extensions work. Looking for answers on key tax topic
No, filing an amended return or submitting a second return will not speed up your refund process. In fact, it could cause further delays. If your original return is still processing, allow the IRS time to complete their review and check your tax refund status once a day for any updates....
When can you file your 2024 federal tax return in 2025? Filing season is anytime between January 27 and April 15, 2025. Now, when to expect my tax refund based on when it's accepted! Note: The IRS sends direct deposits to bank accounts every business day during tax season. Our goal...
To avoid penalties, if you know you can't meet the April 15th deadline, it’s advisable to file for an extension usingForm 4868. This will give you until October 15, 2025, to file your tax return. But, it's important to note that an extension to file is not an extension to pay...
Unfortunately, the IRS’ Where’s My Refund tool will only provide you with updates on your current year tax return. To check the status of your prior year tax return, you will need to call the IRS directly. On the bright side, it’s about a month past the deadline so the hold time...
Form 2290 is theHeavy Vehicle Use Tax Return. It is the form used to figure out and pay the tax due on motor vehicles operating on public highways with a taxable gross weight of 55,000 pounds or more. The taxation period runs from July 1st to June 30th of the following year and is ...
return using someone else's Social Security number. To mitigate this possibility, submit your taxes as early as possible, Phillips said. In many cases, a Social Security number can only be used on one electronically filed tax return, so filing early helps reduce the potential of tax ID theft...
The Internal Revenue Service will finally get through the massive pandemic-induced backlog of federal tax returns filed in 2021 this week. But more than twice as many returns filed in 2022 still await processing compared with a typical year at this point
10 common tax filing mistakes to avoid Wednesday, March 05, 2025 Photo by Gustavo Fring We all mess up sometimes. But when you make a mistake on your tax return, it could cost you. You could short your refund amount or end up owing more than you should. Your error could cause the ...