Have you ever wondered about where your refund is when you do an amended tax return? The IRS has a new Amended Tax Return Status Tool to track the progress once they receive it. IRS Tool: Where’s My Amended Return? “Where’s My Amended Return?” tool provides the status of Form 1040X Amended Tax Return for the current year and … Read More
Questions to Ask a Tax Preparer
When interviewing a prospective tax preparer, ask these questions: Do you have an IRS issued Preparer Tax Identification Number (PTIN)? Do you offer a free initial consultation? How do you keep up with the latest tax law? Do you regularly take continuing education courses? Are you a member of any professional tax or accounting organizations? What are your professional credentials? … Read More
Are you tracking ALL of your Commuting Mileage?
Are you tracking ALL of your Commuting Mileage? Commuting is defined as the distance between your home and your Office/place of employment or first business stop. For small business owners, we know that you do not stay in one place/location all day. So when can you start expensing those miles? NOW! Business miles begin once you leave the office (or … Read More