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What to Do If You Made a Mistake or Forgot a Deduction On Your Tax Return | Latest News

What to Do If You Made a Mistake or Forgot a Deduction On Your Tax Return

Make sure you write "Amended" across the top of any forms or schedules you are changing. You do ... return in a separate envelope. Don't forget to amend any affected state tax returns and mail them to the correct state address. To track the status of your ... read more

What to Do When Your Tax Preparer Makes a Mistake

You ... your tax preparer makes a mistake resulting in you having to pay additional taxes, interest, or penalties, you are responsible for paying these fees — not your tax preparer. If your tax preparer does make a mistake on your return, what can you do? read more

What you need to do before June 30

YOU know what not to do this ... on their tax return early. “Payment summaries must be issued by July 14 to be compliant,” said Mr Solomons. “Now is the time to have an honest conversation about the next 12 months for your business and make a plan ... read more

You Made A Mistake On Your Tax Return. Now What?

Maybe it was a simple mistake: you made a typo or a math error or forgot to report some income. Maybe you receive a corrected 1099 in the mail after filing your return. Either way, the tax return you just filed is wrong. What happens now? Will you get audited? read more

Goofed on your tax return? Here's what to do

If you made a mistake ... to fix a mistake, the more expensive that mistake can get, Sheehan warns. Don’t assume your tax preparer will amend your return for free or pay the extra taxes, interest or penalties from a mistake. If you forgot to give the ... read more

Top 10 common mistakes to avoid when e-filing your ITR

Even then, most people make a few basic mistakes and consequently get IT notices and/or overpay/underpay taxes. Here are 10 common mistakes that you should avoid when e-filing your ITR ... People often forget or do not bother to mention the tax-exempted ... read more

Should you file an amended tax return? Here's what to do if you messed up on your taxes.

Just when you are patting yourself on the back for filing your tax returns on time, it suddenly dawns on you that you made a mistake. Maybe you forgot ... an amended return. The good news is you usually only have to submit one form to do it. read more

How to build a championship-caliber personal finance team

"He forgot about it, I missed the deadline and was penalized." When I explained my ranking system to her, she asked, "Do you ... time your accountant makes a mistake on your tax return, your investment adviser does not return that call you made a week ... read more
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