Online Status Updates for Amended Tax Returns

The Internal Revenue Service’s website provides a tool specifically designed for checking the status of amended returns. Similar to the tool for refund status updates on originally filed returns, this application allows you to retrieve status updates regarding the processing of amended tax returns for individuals.  I learned the hard way that the application for originally filed […]

Tax Refunds: Good or Bad?

Few people pay exactly the correct amount of income tax during the year.  When filing annual returns, it is common to find underpayments (resulting in tax payments due) or overpayments (resulting in refunds or application to future years).  Oftentimes, refunds are the result of excessive income tax withholdings from routine paychecks. A discussion of the […]