Monthly Archives August 2017

 Amended tax returns must be paper filed using Form 1040X Tax returns must be amended within 3 years of their original filing. If you are amending more than one year, you should file separate Form 1040x forms for each year. Tax returns should be amended to correct errors such as a change in filing status or to correct income, deductions, or credits. Tax returns shouldn’t be amended for math errors or missing forms.  The IRS will automatically correct math errors.  The IRS will mail a request for information if needed. If you are due an additional refund, you should wait to
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We are blessed to live in the USA.  As Americans we enjoy many freedoms and protections.  The Taxpayer Bill of Rights is listed below: The Right to Be Informed Taxpayers are entitled to clear explanations of the laws and IRS procedures on all tax forms, instructions, publications, notices and correspondence. Taxpayers have the right to know what they need to do to comply with tax laws. Taxpayers have the right to be informed of IRS decisions about their tax accounts and to receive clear explanations of the outcomes. The Right to Quality Service Taxpayers have the right to receive prompt, courteous,
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 Safeguard your social security cards and mask your social security number whenever possible.  Don’t give your social security number out just because a business or healthcare provider asks for it.  Many times, social security numbers aren’t required and can be left off of paperwork. Do not click on any links or open any attachments that appear to be from the IRS.   The IRS does not initiate contact with taxpayers by email, text message, or social media.  You can read more about IRS scams here. Shred all documents with financial and personal information. Keep personal copies of financial statements and tax
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 The crime needs to reported to local police and the Federal Trade Commission.  Then, close any affected bank and credit card accounts. Contact one of the 3 major credit bureaus and freeze your credit.  More information about freezing your credit can be found here. Contact the IRS Identity Protection Specialized Unit at 800-908-4490.  The IRS will provide a PIN that will be required to file tax returns or receive refunds. More information for victims of Identity Theft can be found here.      
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