Most people know when taxes are due, but what happens if you make a mistake? Many people do not know how long they have to amend any federal return. Working with a Tennessee tax attorney to work discuss your returns can be quite helpful.
Often, someone has attempted to file early to receive a return and find out later their estimates were off from where they should have been. In other instances, an unanticipated loss on a 1099-B or a K-1 could have caught you off guard and you need to amend your returns.
If your life situation has changed, like you are filing for a divorce, you may also want to amend your tax forms.
Regardless of your circumstances, an amended return may be in your best interest.
Although you will likely hear from the IRS if you underreported your income and it has not been amended, you will likely not hear from them if you have overpaid. It is crucial to speak with your Tennessee tax attorney to discuss your situation and make sure you receive all money due to you.
Working as both a Tennessee tax attorney and a licensed CPA, we have a complete understanding of tax law along with accounting issues. We can discuss your situation to determine if filing an amended return is the right decision. If so, we will help you prepare a 1099-X and make sure your taxes are accurate.
Call today for your free consultation to discuss your tax concerns with an experienced Tennessee tax attorney.