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Tax returns allow taxpayers to calculate their tax liability and remit payments or request refunds, as the case may be. Tax returns must be filed every year for an individual or business that received income during the year, whether through wages, interest, dividends, capital gains or other profits.
Form 1040 (Individual), Form 1120 (Corporation), Form 1065 (Partnership) is used to file annual returns, while investment income is recorded on Form 1099 to report income and file income taxes with tax authorities such as the Internal Revenue Service (IRS) in the United States.
An amended return is a return filed in order to make corrections to a tax return from a previous year. An amended return can be used to correct errors and claim a more advantageous tax filing. For example, one might choose to file an amended return in instances of misreported earnings or tax credits.
An State audit is a review/examination of an organization’s or individual’s accounts and financial information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is correct.
An IRS audit is a review/examination of an organization’s or individual’s accounts and financial information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is correct.
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discuss your tax status and situation in detail
suggest and implement solutions to your problems
answer your pertinent questions
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