How to notify the IRS about a change of address?
There are several options available in regards to this process, the easy one would be calling the irs help line Please have all your personal information ready for identity verification.
What is the age limit on claiming my child as a dependent?
according to the IRS, To claim your child as your dependent, your child must meet either the qualifying child test or the qualifying relative test:
● To meet the qualifying child test, your child must be younger than you and either younger than 19 years old or be a “student” younger than 24 years old as of the end of the calendar year.
● There’s no age limit if your child is “permanently and totally disabled” or meets the qualifying relative test.
In addition to meeting the qualifying child or qualifying relative test, you can claim that person as a dependent only if these three tests are met:
1. Dependent taxpayer test
2. Citizen or resident test, and
3. Joint return test
What should I do if a mistake was done on my last income tax returns?
The IRS understands that we are all human and we make mistakes sometimes, this is the reason why a well crafted remedy has been created to help all taxpayers to navigate this process. Many mathematical errors are caught during the processing of the tax return and corrected by the IRS, so you may not need to correct these mistakes.
● If you didn’t claim the correct filing status or you need to change your income, deductions, or credits, you should file an amended or corrected return using Form 1040-X, Amended U.S. Individual Income Tax Return.
When filing an amended or corrected return:
● Include copies of any forms and/or schedules that you’re changing or didn’t include with your original return.
● To avoid delays, file Form 1040-X only after you’ve filed your original return. Generally, for a credit or refund, you must file Form 1040-X within 3 years after the date you timely filed your original return or within 2 years after the date you paid the tax, whichever is later.
● Allow the IRS up to 16 weeks to process the amended return.
How much money can a student who is unmarried make before he or she is required to file their income tax?
An unmarried dependent student must file a tax return if his or her earned or unearned income exceeds certain limits. To find these limits, refer to Dependents under Who Must File in Publication 501, Dependents, Standard Deduction and Filing Information.
Can I receive a tax return if I am currently on a payment plan for another tax period?
No, one of the conditions of your installment agreement is that the IRS will automatically apply any refund (or overpayment) due to you against taxes you owe. Because your refund isn’t applied toward your regular monthly payment, continue making your installment agreement payments as scheduled.4:
How much do we charge to file annual income tax?
Our fees all depend on several factors, that is why offer FREE estimates to help us determine our prep fees. Please Note that we will always give a discount if you have proof of what you paid prior tax period
What is the estimated time before I receive my tax refunds ?
The IRS expects the first EITC/ACTC related refunds to be available in taxpayer bank accounts or on debit cards by the first week of March, if they chose direct deposit and there are no other issues with their tax return. Click on Check Where’s My Refund on the menu tap for your customized refund update.