I received a notice from the IRS proposing changes to my 2021 Form 1040 tax return, indicating an additional amount owed of $3,058. The notice states that there are discrepancies between the IRS records and what I filed, specifically regarding the reported income on lines 15, 16, and 24 of Form 1040. The IRS corrected my reported income on line 15 from $41,380 to $55,285, and on line 16 from $4,851 to $7,909, resulting in a difference of $3,058. Additionally, the IRS mentioned that I did not show any deductions, and they corrected this by adding $13,905 to my income. I am unsure why these corrections were made and how to proceed with resolving this issue.

June 20th, 2024

I became a green card holder in November 2022. Can I amend my past tax returns for 2020 and 2021 since I was informed I didn’t get full tax credits due to my immigration status? I filed my tax returns for 2020 and 2021 as a non-resident and paid more tax. Now that I’m a resident, can I amend my taxes for 2020 and 2021 and get a refund?

August 18th, 2024

How is the 2620 Amounts Payable and Accrued Liabilities account calculated for a small business, and what types of liabilities would be included?

February 8th, 2023

I need a new 6-digit IP PIN to file my taxes, but I didn't receive the paper they usually send. How can I obtain a new IP PIN?

September 25th, 2023

I would like to continue our conversation regarding my tax situation. I am unsure about the status of my tax years and need to determine if there are any tax debts for past years and their amounts. What steps should I take to get this information?

May 12th, 2024