Category Archives: Uncategorized

From Carol McAtee’s CPA firm in St. Petersburg, FL- 6. If the changes involve another schedule or form, you must attach that schedule or form to the amended return. If you have questions about filing an amended return or other … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL- 5. If you are amending more than one tax return, prepare a 1040X for each return and mail them in separate envelopes to the appropriate IRS campus. The 1040X instructions list … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL- Continuing with our 8 Facts about Filing Amended Returns: 4. Be sure to enter the year of the return you are amending at the top of Form 1040X. Generally, you must … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL- 3. Generally, you do not need to file an amended return to correct math errors. The IRS will automatically make that correction. Also, do not file an amended return because you … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL- Yesterday we started a blog series about Filing Amended Returns. Today we continue that series with fact #2: 2. An amended return cannot be e-filed. You must file a paper return. … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL- What if you’ve already filed your return, but realized that you were eligible for a deduction or credit that you didn’t take, or worse–discovered an error and need to “fix it” … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL- Tim, who owns his own business, decided he wanted to take a two-week trip around the US. So he did–and was able to legally deduct every dime that he spent on … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL- Canceled debt is normally taxable to you, but there are exceptions. One of those exceptions is available to homeowners whose mortgage debt is partly or entirely forgiven during tax years 2007 … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL- Spring is a great time to clean out that growing mountain of financial papers and tax documents that clutters your home and office. Here’s what you need to keep and what … Continue reading →

From Carol McAtee’s CPA firm in St. Petersburg, FL-It’s April already. Are your taxes done? If not, here’s some last-minute tax advice for you: Don’t Procrastinate Anymore – Resist the temptation to put off your taxes until the very last … Continue reading →