Category Archives: Amending Returns

W-2 from ex Boyfriend

Today TaxMama hears from Holly in Indiana with a huge problem. “Several years ago, I dated a man that painted homes for a living. Periodically I would help him, but never full time. I never was given a check or any form of money or income. We lived together and he paid all bills, food […]

An Extra 1099-MISC

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?”

Huge IRS Bill

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 […]

Medical Amendment

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 […]

Default on Sale

Today TaxMama hears from Tony in Texas, with this tale of woe. “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 […]

Overstated Income

Today TaxMama hears from Tom in California, with a problem. “I overstated my income. How do I correct this?”

SEP IRA Contribution

Today TaxMama hears from Nancy in New York who tell us. “I made a timely SEP-IRA contribution prior to the extension deadline. I forgot to file my tax return until October 17th. Is the SEP contribution still valid with late filing of the return?”

Amended Returns Do Not Affect Stimulus Checks

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 […]

Old Corporation

Today TaxMama hears from Peter in Ohio who says, “I started a corporation four years back and never got around to using it. I never filed anything because it was never in use. Do I need to file returns for those 4 years even though I never used the corp.? How do I completely close […]

Violating Divorce Decree

Today TaxMama hears from a divorcee who is concerned. She says “I got divorced in 2001. The decree stated that we would each claim one child as a dependent. When I moved to another state in 2006 my taxes were done by H&R Block. I didn’t realize they had claimed both children in my tax […]