Tag Archives: 1040X
Tax season can be complicated: From the math, to the organization of documents, to the filing of the forms. The IRS has over 900 different tax forms available to taxpayers when filing their returns. Generally, the average taxpayer doesn’t have to worry about a majority of the forms. Ten of them are relatively common, and […]
— Read moreAs an employee, you likely receive wages, salaries or tips from your employer for your services. If so, you must include these amounts as part of your gross income when filing your taxes. Any withholdings are to be included in your income for the year they were withheld. Withholdings include Social Security, Medicare, and income […]
— Read moreWhat next step do you take when you discover inaccuracies in your filed tax return records? The solution depends on the circumstances and nature of change. What happens when your past year dividend income suddenly changes after you receive an updated form from a brokerage house or financial institution? In most cases, the difference is […]
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