We provide scalable accounting services for businesses of all sizes. Call us today for a free consultation to find out how we can help. Mark Dicus and Company is you premier choice for Accounting services whether you are here locally in the Las Vegas area or anywhere in the world. If you are looking for an experienced US based firm, then look no further.


We provide a comprehensive range of services in the areas of financial management, operations, risk management, strategy and technology. We offer a customized approach to our services that's based on your needs. Additional business services include: Bookkeeping, CFO Services, Cash Flow Management, Strategic Business Planning, Tax Strategies, and more.


We can assist in managing and minimizing all aspects of our client's tax liability, including, but not limited to, Federal, State and transfer taxes. Advance planning results in substantial benefits and allows time for developing alternative tax strategies. We also provide businesses period-end closing, financial statement preparation and budgeting on scheduled.

Should I Amend My Tax Return for a Small Amount or if I Forgot to Include Income in the Last 3 Years in New Berlin, WI?

Amending your tax return is basically sending the IRS a new tax return, correcting errors made on the last tax return you filed for that year. Though it is not advised, you technically can amend more than once. If there was anything wrong with the last one, amend your tax return. Where some vital facts of amendments are important, you will want to ensure your amendment is accurate. Keep in mind that the first amendments cannot be electronically filed, they are done with paperwork and mailing documents to personnel which makes them subject to human review. With this in mind, we at Mark Dicus & Company would like to continue to elaborate on the subject.

Amended Tax Return Timeline

The IRS publicly states that an amendment will take up to 3 weeks to even register in their system, and up to 16 weeks to process. Though the set the expectation it will take quite some time for the IRS to give you any feedback on your amendment, they have been known to work faster than that plenty of times. A letter is sent you especially those who are anxiously awaiting any kind of refund, they usually send a yes, we accept or no, we do not accept letter to you.

Filing an Amended Tax Return after 3 Years

The 3rd amendment can be filed for any tax year. You have a limited time to claim that refund for those expecting a refund, which is 3 years from the due date, or 2 years from the tax paid. For example, the 3-year rule means they get no refund if they amend their 2013 tax return tomorrow. Due to less than what they have paid then you can recoup any monies actually paid in the last 2 years despite it being more than 3 years of the original due date. If someone owed a bunch of money in 2013 and have been paying on that debt over time, and the amendment lowers the total amount, the IRS is forced to calculate the interest and penalties they charge based on the new lower number instead of the higher amount due that was originally filed.

Forgot to Include Income on Tax Return

The IRS states you need to amend your tax return and pay them accordingly. A common scenario is when you forgot about that $35,000.00 withdrawal from your 401k to do some necessary home improvements or other needs and never got the tax form in the mail, only to remember 2 weeks after you filed your taxes. This is because you simply need to amend your tax return, even when they take the taxes out, the income and the taxes taken out still have to be added to your tax return. $35,000.00 is quite the change in income. Any modest increase in income needs to be properly reported, including if the result is that the taxes taken out were perfect and you owe nothing extra and get nothing back.

Tax Preparation, Filing, Planning & More in Menominee Falls, Waukesha, West Allis, Racine & Greater Milwaukee, Wisconsin

With a number of reasons for a tax amendment, you will want to ensure they are filed correctly. Call Mark Dicus & Company and let us assist you!

Accounting, Consulting & Tax Services in Greater Las Vegas NV, Cedar City UT, Seattle WA, San Francisco CA, Milwaukee WI & More