9. When Should You Amend Your Tax Return

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

 

We are your hosts, Kevin Molen and Charles Steinmetz. Our job is to help educate you on how to manage your money and save on taxes. In this episode, we discuss when to file an amendment to your tax return.

 

Important Points:

What is an amendment?

When NOT to amend your tax return?

When should you file an amendment?

Correcting an error

Taking advantage of missed deductions

Pros and Cons of filing an amendment

What if you don’t file an amendment for a problem?

Filing an amendment electronically or on paper

What is the internal revenue manual?

Comfort Zone:

What filing status should I choose?

If I pay for my daughter’s college tuition, can I get credit for what I pay?

 

 

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Check out this episode!

The Molen & Associates Difference

Mike Forsyth

“Super helpful and timely. This is our first year with them and we look forward to trusting them with our taxes and business books for years to come.”

Caitlin Daulong

“Molen & Associates is amazing! They run an incredibly streamlined process, which makes filing taxes a breeze. So impressed with their attention to detail, organization, and swift execution every year. Cannot recommend them enough!”

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“I’ve been with Mr. Molen’s company for few years and I felt treated like family respect and dignity. They are caring, professional and honest, which hard to find these days. Love working with them.”

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