If you want to make corrections to your tax return from previous years, you will need the amended tax return form. The amended return is to resolve the errors and place you on a tax...
Posted by Tiffany Gaskin on 02/17/2023
The law mandates every business owner to report taxes of non-employees and others on form 1099. Some common errors on the form must be corrected or reported to the Internal Revenue...
Posted by KLSM CPA Firm PLLC on 02/07/2023
The SECURE Act, passed in late 2019, changed the rules for saving and withdrawing money from retirement accounts. Also, it was the first major legislative change to tax laws in more...
Posted by Pat Raskob on 12/08/2022
Each year, taxpayers must file Form 1098, Mortgage Interest Statement, with the Internal Revenue Service (IRS) for their mortgages and provide this statement to you. This statement...
Posted by Taxes Made EZ Inc on 10/16/2022
Form 1099-C and Cancelation of Debt is a system created by the Internal Revenue Service (IRS) to clarify all transactions made to taxpayers by loan service providers and creditors....
Posted by Pat Raskob on 10/16/2022
Taxpayers find filing taxes hectic because it consumes more than thirteen hours of their time. The time consumed can extend beyond those hours depending on the complexity of your financial...
Posted by KLSM CPA Firm PLLC on 10/16/2022
There are times you might need to make some adjustments on your tax return even after submission. Filing an amended tax return is the way to go, as a second chance will come in really...
Posted by Tiffany Gaskin on 05/31/2022
E-filing has become perhaps the most popular way to file tax returns due to the convenience and faster response times it provides taxpayers. Also, it can help reduce the number of...
Posted by Taxes Made EZ Inc on 05/22/2022
What is a subsidy?A subsidy is a benefit given to a business, an individual, or an organization, usually by the government. It can be in the form of direct subsidy(such as cash payments)...
Posted by Dennis Jao on 05/22/2022
