Stay Ahead of Law Changes & Protect Yourself Against Being Audited: Corporate Transparency Act and Reasonable Compensation

Amendment Tax Preparation in Houston, TX

Molen & Associates are the experts when it comes to tax preparation in Houston, Texas. We have over 40 years of experience and are passionate about getting our clients the best results possible.

Whether you need to fix your tax return from last year or file an amendment for your current return, we can help. We understand the process and will work with you to ensure that everything is done correctly and in a timely manner.

Why You Might Need to Amend Your Tax Return

There are a few reasons why you might need to amend your tax return. The most common reason is that you forgot to include something on your original return. This could be anything from a W-2 form to interest earned on a savings account.

If you discover that you made a mistake on your return after you have already filed it, don’t panic! You can fix it by filing an amended return. An amended return is simply a new return that includes the corrected information.

Another reason you might need to amend your tax return is if you receive additional income after you have already filed your return. This could be in the form of a bonus from work or some other type of windfall. If you receive additional income, you will need to report it and may end up owing more taxes. However, if you have already paid more taxes than you owe, you will be due a refund.

What is the best way to amend my income tax return?

While you can file an amendment yourself, this process can often be complex and time-consuming, so it is important to work with an experienced professional who can help ensure that all necessary steps are taken accurately and efficiently. With the right guidance and support, amending your income tax return can be a smooth and successful experience.

How to Amend Your Tax Return in Houston, Texas

If you need to amend your tax return, the first step is to contact Molen & Associates. We will sit down with you and review your original return to determine what needs to be changed. Once we have all of the necessary information, we will prepare the amended return for you and file it with the IRS.

Can I electronically file my amended income tax return?

There is no set answer to whether you can electronically file an amended income tax return. Generally speaking, the rules and regulations around filing amended returns can vary somewhat depending on factors such as your individual circumstances and the type of amendment you are making. In some cases, it may be possible to e-file an amended return, while in other situations you may need to submit your amended return through traditional means like paper filing.

If you are unsure about whether you can e-file an amended tax return for your specific situation, it is advisable to consult with a tax professional who can help guide you through the process and ensure that your amended return is accurately filed and processed. Ultimately, the best way to find out if you can electronically file an amended income tax return is by speaking with a qualified tax expert who can review your individual circumstances and provide customized advice. At Molen & Associates, we always prefer to electronically file any return we can so it is more easily processed and your refund can be distributed as timely as possible. Filing on paper can cause very long delays.

Income Tax Amendments in Houston, TX

If you need to amend your tax return in Houston, Texas, Molen & Associates is here to help. We have over 40 years of experience and will work with you every step of the way to ensure that everything is done correctly and in a timely manner. Contact us today to get started!

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!”

Sy Sahrai

“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.”

In-Kind Donations: Understanding Their Impact on Taxes and How to Account for Them

In-Kind Donations: Understanding Their Impact on Taxes and How to Account for Them In-kind donations are a valuable way for individuals and businesses to contribute to charitable organizations. These non-cash contributions can take many forms, from donated goods and...

Tax Loss Harvesting: A Strategic Guide to Reducing Your Tax Bill

Tax Loss Harvesting: A Strategic Guide to Reducing Your Tax Bill Investing in the stock market comes with its share of ups and downs, but even losses can offer a silver lining through a strategy known as tax loss harvesting. This technique allows investors to turn...

How to Deduct Your Travel Expenses for Business

Maximizing Your Tax Savings While Traveling Traveling for business can be a great opportunity to mix work with leisure while benefiting from significant tax deductions—if done correctly. However, many small business owners overlook travel deductions, missing out on...

Almost the Last Chance to Claim the 2021 Employee Retention Credit (ERC)!

Time is running out for eligible businesses to claim the valuable Employee Retention Credit (ERC) for 2021. If your business hasn’t taken advantage of this substantial tax credit, there’s still a window of opportunity—but it’s closing fast. The deadline to amend your...

Understanding RMDs: What They Are and Why They Matter

Understanding Required Minimum Distributions (RMDs): What They Are and Why They Matter When planning for retirement, it's essential to understand the various rules and regulations that govern how you can access and manage your retirement savings. One of the most...

What If an S Corp Owner Can’t Pay Reasonable Compensation?

What If an S Corp Owner Can’t Pay Reasonable Compensation? One of the most common questions we receive from S corporation owners is: "What happens if I can’t afford to pay myself reasonable compensation?" The answer is both simple and complex. While business owners...

S Corp Owns Rental Property: What Happens If You Die?

What if you die and your S Corp owns rental property? Owning rental property through an S Corporation (S Corp) can offer various tax advantages and liability protection during your lifetime. However, the situation becomes more complicated when the owner of an S Corp...

Understanding EIN Numbers: Common Pitfalls & Everything You Need to Know

Understanding EIN Numbers: Common Pitfalls & Everything You Need to Know - EIN Filing & Business Success Success with Business Formation & EIN Filing: When starting a business, one of the first steps is obtaining an Employer Identification Number (EIN)....

How Can I Make the Most of my Tax Meeting?

Maximize Your Tax Advisor Meeting: A Comprehensive Checklist We meet with a lot of clients and complete a lot of tax returns during tax season, so time is very precious! We want to make the most of each minute we spend with you, so we have compiled a list of a few...

How to Determine Your Tax Withholding: A Comprehensive Guide

How to Determine Your Tax Withholding: A Comprehensive Guide Understanding how to properly set your tax withholding is crucial for managing your finances and avoiding surprises at tax time. Whether you’re an employee deciding much to withhold in each paycheck or a...

Request an Appointment Today

5 + 2 =

Call us at

Pin It on Pinterest

Share This