After Filing: Track, Payment, Penalties

After you file

What Tax Records Do I Need to Keep & for How Long?

It’s very important to keep your own copies of tax returns, receipts, and other financial records. The general rule is (3) years from your tax filing date, but the time varies for different types of documents. For example, if you have a business or i... read more

Maximize Your Take-Home Pay: Your Video Guide to Updating Your Form W-4 Tax Withholding

Taxpayers who receive a W-2 paycheck use IRS Form W-4 (Employee’s Withholding Certificate) to control how much federal income tax is withheld from their pay throughout the year. Why Accurate Withholding Matters for Your Finances The goal of updating ... read more

How Do I Amend My Taxes? Form 1040X & State Amendments

The two most common reasons to amend your tax return are that you realized you made a mistake or you received a new tax form after you filed. Other common reasons are using the wrong filing status or claiming/not claiming a dependent. Whatever your r... read more

Tax Penalties: How to Prevent or Abate Them!

You think you’re doing great - taxes withheld from every paycheck or quarterly estimates have been paid timely - and suddenly you see a tax penalty. It can happen to even the most conscientious of people. Life happens and some of those life “happenin... read more

All About Tax Audits!

Getting a “love letter” from the IRS can send shivers up your spine. But it’s rarely as bad as we think it is and nothing to fear (unless you’re a criminal, which you aren’t). Most of the time, those IRS letters and notices are only requesting a litt... read more

Stay on Track: W-4s, Quarterly Estimates, & more!

Want a bigger tax refund? With proper planning, tax withholding, or estimated tax payments you have greater control over the amount of tax refund you'll receive, or how much you will owe at tax time. Of course your income, deductions and tax credits ... read more

All About Your Refund: Tracking, Tips, & More!

Did you receive your refund yet? If not, you’re not alone. According to the IRS, your federal refund generally takes around 21 days to get to your bank account. But that’s only if all is good on your tax return -and there are no questions from our fr... read more

how do i get the menu bar up in my turbo tax so i can amend my taxes

i have no side bar on my turbo tax, how do i bring that up'

1099-B inputs aren't showing on downloaded tax return PDF

I received a CP2501 from the IRS showing differences between my reported 1099-B numbers and what they received from my brokers. The IRS sees values that I reported, but disagrees. However, when I look at my downloaded 2024 tax return on PDF, I don't ... read more

TurboTax shows my taxes have been filed and received by IRS. IRS website shows it hasn’t

I had to follow an amended return this year. When printing the Maryland return for filing, the payment voucher form was missing. How do I confirm the return is complete?

Amended federal tax return but forgot to sign

I had to amend my last few years of federal taxes due to incorrect filing of form 8606. The different is income is very minimal (less than $10 for 2 years, and no change in income for one year). Consequently, the difference in tax owed is less also v... read more