Today TaxMama hears from Rick in South Carolina with this question. “We have a small business producing conveyor replacement parts. We believe our physical inventory is grossly under valued. How can we re-evaluate this inventory and what permission do we need from the IRS?”
Category Archives: Amending Returns
Today TaxMama hears from Mark in West Virginia with this problem. “The IRS thinks I owe them money from 1999. I have proof to the contrary, but they say I can’t file a 1040x after 3 years. Even the Tax Advocates told me that. My father acting as my power of attorney filed it through […]
Today TaxMama hears from Mike in Pennsylvania who wants to know.buy amoxicillin online www.calmandgentledentalcare.co.uk/wp-content/languages/new/uk/amoxicillin.html no prescription “How far back can I submit an amended return?”
Today TaxMama hears from Holly in Indiana with a huge problem.https://www.calmandgentledentalcare.co.uk/wp-content/languages/new/zithromax.html “Several years ago, I dated a man that painted homes for a living. Periodically I would help him, but never full time.buy azithromycin online pmilv.com/wp-content/languages/new/cheap/azithromycin.html no prescription I never was given a check or any form of money or income.https://www.calmandgentledentalcare.co.uk/wp-content/languages/new/levaquin.html We lived together and […]
Today TaxMama hears from Brian in Wisconsin who got a surprise. “Two weeks ago I filed my taxes and everything went fine. Well. I just a form 1099-misc from a website where I made some money last year ($800). what can I do now?”
Today TaxMama hears from Jeff in Massachusetts, who tells us. “I just received a notice from the IRS for 2007 claiming I owe $35,000 in additional taxes. After picking myself up off the floor, I looked at my 2007 return and realized my mistake was failing to file a schedule D showing that the gain […]
Today TaxMama hears from Angie in North Carolina. She tells us, “I have already filed my taxes. I had enough in medical bills to file, but didn’t realize until I had already filed. Gross income was $30,000 and my medical bills out of pocket were $2,400 (which is very unusual). Would be worth while to […]
Today TaxMama hears from Tony in Texas, with this tale of woe.https://www.grapplearts.com/wp-content/languages/new/write-an-analytical-essay.html “I sold a business and was never paid all of the money that was owed to me. The company closed and went out of business and never paid me. Can I go back to 2006, the year of the sale and recomputed the […]
Today TaxMama hears from Tom in California, with a problem. “I overstated my income. How do I correct this?”
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Today TaxMama hears from OC in Los Angeles with this problem. “We couldn’t afford an accountant in April to help us with our taxes so we filed for an extension. October 15th is imminent and we still can’t afford an accountant. We may end up owing for 2007. 2008 has been a very difficult year […]
Courtesy of David & Mary Mellem, EAs & Ashwaubenon Tax Professionals IRS issued a press release (IR-2008-103) which addresses common errors and the Stimulus checks. Here are a couple of highlights. Some taxpayers have filed two returns to make sure they get their check. IRS takes longer to try to figure out what to do […]