When should you amend your tax return?

When should you amend your tax return?

The Ultimate Guide to Amending Your Tax Return For many taxpayers there is minimal information necessary to file their income taxes. Other taxpayers have multiple sources of income that must be reported, as well as various deductions and credits that must be...
Do I still need to bring my expenses to my tax appointment?

Do I still need to bring my expenses to my tax appointment?

Do I still need to bring my expenses to my tax appointment? We have been getting this question a bit this year already and we would love to help clarify – at least in part. If I can separate ‘expenses’ into three main categories I can address each of them in a simpler...
Is my student loan deductible?

Is my student loan deductible?

The Truth Behind Student Loan Deductibility Explained With secondary education costs on the rise, millions of taxpayers pay substantial amounts of interest on their student loan debt every year. 70% of U.S. college students use loans to pay for their education. The...
How Long Can the IRS Audit Me?

How Long Can the IRS Audit Me?

Navigating the Uncertainty of IRS Audit Durations In most cases, the statute of limitations grants the IRS a period of up to three years in which to initiate an audit of a taxpayer. The three-year clock begins counting down from the latter of the following dates: The...
I Just Got Notified of an Audit…Help!

I Just Got Notified of an Audit…Help!

Audit Notification: What It Means for You Many fear the thought of receiving an IRS audit notice.  Because of this fear, our tax firm has often encountered clients that put off opening any IRS letters for the fear of being notified of an audit.  First, if you do...