When you are filing your taxes, there are often going to be mistakes that happen. Because the IRS knows that accidents happen, they have given you a way to make your mistakes right. When you make a mistake, you will need to file an amendment to your tax return to make any mistakes you made…
If you are like most Americans, COVID-19 has not been kind to your pocketbook. It’s no wonder so many of us are now facing tax debts that we need to figure out how to pay. While the IRS doesn’t have the best reputation with most Americans, they have tried to make an effort to help…
When it comes time, one of the most confusing and frustrating forms for a business owner to file seems to be the 1099 forms. It seems like every few years the 1099 form changes, making this form even more exasperating. There are times that a business owner may fail to file their 1099 forms, hoping…
It’s no secret that this year has been tough for everyone. Many people have seen significant changes in their finances through all of this. Whenever you go through major financial changes like suddenly becoming unemployed or getting furloughed, it can leave you with significant changes to your taxes as well. If you aren’t well versed…
When you get ready to file your taxes, part of filing is choosing your status. This is something that can change and is an important piece of information. It is important that you are choosing the right status when filing your taxes, but if you don’t understand what they are and what the different status’…
There have been several calls for charitable contributions during the last year due to people struggling to stay afloat throughout the crazy year of 2020. Many people have been sharing what they have and thinking that it is all tax deductible at tax season. However, not all charitable contributions are tax deductible. Mark Dicus &…
As an Uber, Lyft or other rideshare driver, you are well aware that you can deduct many day to day costs from your taxes. This includes mileage, gas and other expenses that add up when you are running your own business. However, there other deductions that you might be missing and should be taking full…
While some people look forward to tax season all year long for the return that they have to look forward to, it isn’t the same for everyone. Some people dread this time of year because they have to be responsible for paying money to the IRS. This year especially, people are feeling a pinch financially…
It’s no secret that this pandemic has thrown a wrench in practically every aspect of our lives. For some Americans, it has been beyond difficult to stay afloat. Apparently, the IRS is having a difficult time keeping up with all of it as well. If you haven’t filed your 2020 taxes yet, have no fear,…
If you have a family, not only is your life enriched by your children, but you can get some help during tax season. If you have dependents that you can claim on your taxes, it can end up saving you thousands of dollars each year. When it comes to dependents, that doesn’t just mean those…
