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.”

HRA 105 Reimbursement Plan: A Comprehensive Guide for Businesses

In today's evolving healthcare landscape, businesses of all sizes are searching for cost-effective ways to provide health benefits to their employees. One increasingly popular solution is the HRA 105 Reimbursement Plan. This plan offers flexibility, tax advantages,...

Do I Need to Pay Taxes on Payments Received in Cash?

Receiving payments in cash might seem like a simple and hassle-free way to manage your finances, especially if you're a freelancer, small business owner, or even just doing a few side gigs. However, while cash payments are convenient, they come with responsibilities...

Bonus Depreciation: Maximizing Tax Benefits for Businesses

Bonus depreciation is a powerful tax incentive that allows businesses to accelerate the depreciation of qualified property, thereby reducing taxable income and enhancing cash flow. This article delves into the intricacies of bonus depreciation, its eligibility...

Which Accounting Software to Use – QBD, QBO, Excel, NetSuite, Wave, Xero, etc.

In today's digital age, choosing the right accounting software is crucial for businesses of all sizes. With numerous options available, it can be challenging to determine which software best suits your needs. This article will explore some of the most popular...

Personal Property – Primary Residence Capital Gains Exclusion: How Does This Work?

The capital gains exclusion for the sale of a primary residence is a significant tax benefit available to homeowners in the United States. This exclusion allows taxpayers to exclude a substantial portion of the gain realized from the sale of their primary residence...

Personal Property – Primary Residence Capital Gains Exclusion: How Does This Work?

Personal Property – Primary Residence Capital Gains Exclusion: How Does This Work? The capital gains exclusion for the sale of a primary residence is a significant tax benefit available to homeowners in the United States. This exclusion allows taxpayers to exclude a...

Compensation and K-1 Reporting for Partnership Owners

As a business owner of a partnership, understanding how your compensation and earnings are reported and taxed is crucial for managing your finances and staying compliant with IRS regulations. Unlike S-Corporations (S-Corps), partnerships cannot pay their owners a W-2...

W-2 Salary vs. Distributions vs. K-1 for S-Corp Owners

W-2 Salary vs. Distributions vs. K-1 for S-Corp Owners As an S-Corporation (S-Corp) owner, understanding the distinctions between W-2 wages, distributions, and K-1 profits is essential for managing your tax obligations and business finances. In this article, we will...

Non-Compete Law Changes in 2024: What Employers and Workers Need to Know

Non-compete agreements have long been a standard tool for employers seeking to protect sensitive business information and retain talent, but their future is now uncertain. In 2024, sweeping changes to non-compete agreements are expected, driven by the Federal Trade...

FLSA Changes in 2024: What Employers and Employees Need to Know

The Fair Labor Standards Act (FLSA) governs minimum wage, overtime pay, and working hours, ensuring that employees across the U.S. are treated fairly. In 2024, significant changes to the FLSA overtime rules will take effect, directly impacting both employers and...

Request an Appointment Today

5 + 8 =

Call us at

Pin It on Pinterest

Share This