…blog post, we’ll explore the advantages of filing taxes early and how it can help you maximize your financial advantage. Faster Refunds: One of the most compelling reasons to file…
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…filed for that year. You technically can amend more than once, but it is generally not advised. The way the IRS communicates when ‘should’ one amend is very simple and…
…case you need to escalate the issue. Seek Professional Help: If you’re facing a complex tax issue, consider consulting a tax professional or CPA who can guide you through the…
…change over time, so it’s essential to consult the most up-to-date IRS guidance or seek professional advice if you have questions or concerns about your tax situation. By taking the…
…professional to handle the communication with the IRS should make the audit process more efficient and will cut down on the number of back and forth communications with the IRS. …
Tax Transcript Codes 570 and 971: Understanding Additional Account Action Pending and Notice Issued
…further action. After addressing the notice, if additional action is needed, Code 570 may follow. This sequence can lead to a more immediate notice of adjustments, potentially expediting the resolution…
…About 50 million W-2 forms will include a 16-digit verification code that tax filers or preparers will need to add when prompted by tax software. About two million W-2s had…
…on your own, you can consider engaging a tax professional or inquiring with the Taxpayer Advocate Service about whether or not they can help. You may need to compare the payment dates…
…Hawaii, Florida, South Carolina, and Georgia (various disasters): February 24, 2024 Additional Extensions for Certain Groups: Military personnel and individuals returning from combat zones have 180 days after leaving the…