When it comes to filing income tax returns, getting the lowest tax liability is not just about skill, it's about what you know. Unfortunately, many taxpayers lose deductions and...
Posted by Flynn Financial Group Inc on 04/29/2021
After you retire from the military, filing taxes may seem less complicated than when you were still in service, but veterans can still benefit significantly from the tax code. To...
Posted by Flynn Financial Group Inc on 02/28/2021
Bad debts arise because money was loaned to a debtor or a customer received credit for purchasing a product or service, but the recipient could not fully or partially repay the debt....
Posted by One Stop Taxes on 01/30/2021
Owing money to the IRS can be a daunting prospect when you don’t know the procedure or how to handle the debt. The consequences for neglecting to pay a debt or respond...
Posted by Don Bell Law on 10/29/2020
In recent months, the IRS announced that taxpayers would be able to electronically file Forms 1040-X, Amended Form of United States Individual Income Tax Return. According to...
Posted by Don Bell Law on 09/18/2020
You have completed all necessary tax documents, including Schedule C and your tax return. Now you discovered a mistake, and an Amended form 1040X will come to your rescue.Form 1040X:...
Posted by Flynn Financial Group Inc on 08/28/2020
2020 has been a unique year with lots of activities and interesting policies. With the distraction from the COVID-19 pandemic, it is easy to forget essential tax rules necessary. Also,...
Posted by Advanced Accounting & Tax Planning on 06/22/2020
An amended income tax return corrects errors in a federal income tax return. Taxpayers use the IRS 1040X form to file an amended tax return. You might be wondering, "Where is...
Posted by Freddie Cook, CPA on 06/11/2020
The tax filing process is pretty complicated. There are many forms, and you will have to include tons of numbers to add and deductions to make. With all these, you need an average...
Posted by Flynn Financial Group Inc on 06/10/2020
