Filing a US 1040X tax return is necessary if you need to amend your previously submitted tax return. This could be due to errors, oversight, or changes in your tax situation. If you need to make ...

Taxes can be complicated, and it’s not uncommon to make a mistake on a tax return. The Internal Revenue Service recognizes this and allows taxpayers to amend their returns to correct errors they ...

The Internal Revenue Service is once again extending for another year the transition period during which taxpayers have 45 days to perfect a research credit claim for refund before the IRS makes its ...

Every year I must amend several clients’ returns that were previously filed for various reasons. This year as the Oct. 16 extension deadline for individual tax filing approaches, I am faced with a new ...

After a fuel spill from the Red Hill Underground Fuel Storage Facility contaminated the drinking water in Pearl Harbor, Hawaii, in November, 2021, residents — including some civilians — were ...

When you prepare the 1040X, it’s not necessary to complete a brand new tax return. Form 1040X only requires that you update numbers that will change. If your changes affect more than one tax return, ...

Dealing with the IRS can be a dangerous labyrinth for the untrained taxpayer or their non-tax advisors. In a recent Federal court case, E. John Rewwer, et al. v. United States, the taxpayers filed the ...

Taxpayers dread few things more than receiving a notice from the IRS telling them that they owe more taxes. You may receive a notice of deficiency in the mail if you underpaid their tax either because ...

You are experiencing sweet satisfaction knowing that your taxes were filed on time. That is, until you realize that you took a deduction when you did not qualify for it, or forgot to claim an ...

Made a mistake on your taxes? Here's what you need to know about correcting it. Some people file their taxes and call it a day. But if you realize you made an error ...