Amended Returns: What You Need to Know

Amended Returns: What You Need to Know

Did you know that you can amend a tax return? If you notice that you made an error on a tax return you already filed, you can (and should) amend your return to make sure you don’t run into trouble with the IRS. If you do need to amend your tax return, there are some...
Did You Know That Lottery Winnings Are Taxable?

Did You Know That Lottery Winnings Are Taxable?

As you probably already know, winning the lottery can mean millions of dollars and the realization of your wildest dreams. But, can lottery winnings also mean added headaches when tax time rolls around? The Lottery and Taxes People tend to get very excited when there...
Useful Self-Employment Tax Reduction Tips

Useful Self-Employment Tax Reduction Tips

A lot of people find joy in being self-employed. Because you can be your own boss, be able to work at your own pace, and have some extra time for enjoyment without worrying about other things. But of course, if there is one thing you must remember when you are...
When Do You Qualify For Innocent Spouse Relief?

When Do You Qualify For Innocent Spouse Relief?

When a married couple signs a joint tax return, they are signing a legal document that will hold both signatories in joint and several liability. That applies to the information shown on the return. Next, the spouse of each person can be held liable for the entire tax...