How Long Does It Take the IRS to Issue an Amended Tax Return Refund?
Filing form 1040X may get you your refund, but don’t expect a fast turnaround.
Jacob Dayan
Jacob Dayan was born and raised in Chicago and worked in New York City as a financial analyst at Bear Stearns. In 2009, he returned to Chicago to be with his family and pursue a career assisting consumers and small businesses with various financial needs. In 2010, he co-founded Community Tax LLC, a full-service tax company helping customers nationwide with all of their tax resolution, tax preparation, bookkeeping, and accounting needs. He’s a licensed attorney in Illinois who graduated Magna Cum Laude from Mitchell Hamline School of Law and has worked with more than 60,000 clients – resolving more than $400 million in tax liabilities.
Will The IRS Settle For Less?
A reader wonders if the current situation means he can renegotiate to settle his IRS and state back taxes.
Did My Wife Claim Our Children Illegally?
Just because your spouse decides to scam the IRS, it doesn’t excuse you from filing.
How Much Tax Should I Withhold?
A reader wants to know how to set income tax withholding on a new job to avoid a tax bill in April.
Are Real Estate Losses Tax Deductible?
A reader wants to know if there’s any silver lining to taking a loss on a real estate investment.
How to Transfer an IRA CD From one Bank to Another Without Getting Taxed
The IRS wants to charge a retiree for moving his IRA CD, but he may be able to avoid getting taxed.
Can I Deduct Funeral Expenses From My Income Taxes?
The simple answer is no, but it’s never simple with the IRS.
Can Married Couples File Taxes Separately?
A reader’s wife has left him, but they’re still married. Yet she just filed her own taxes.
What is the Late Filing Penalty for Form 1120?
A reader never did her S-Corp filing. How much pain is she facing?
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