Errors may delay your refund or result in notices being sent to you. If you discover an error on your return, you can correct your return by filing an amended return using Form 1040X, Amended U.S. Individual Income Tax Return. Visit IRS.gov for more information on refunds, recordkeeping, address changes and amended returns. Form 1040X,… Continue reading »

If you move after you filed your return, you should send Form 8822, Change of Address to the Internal Revenue Service. If you are expecting a refund through the mail, you should also file a change of address with the U.S. Postal Service. From IRS website Form 8822, Change of Address

Normally, tax records should be kept for three years, but some documents — such as records relating to a home purchase or sale, stock transactions, IRAs and business or rental property — should be kept longer. You should keep copies of tax returns you have filed and the tax forms package as part of your… Continue reading »

Many business fail in the first year of business because they failed to plan for Taxes and prepare a business plan that includes accounting services.

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