Amending Your Individual Income Tax Return

Individuals that have discovered they made an error on their tax returns after they have been filed can file an amended return (Form 1040X) to correct the error. Amended tax returns can be filed to correct most errors regarding income tax returns; however, they do not need to be filed

Important Tax Dates

The IRS announced that tax season will open on Monday, January 29, 2018. The IRS will begin accepting paper and electronically filed tax returns at that time. Paper returns won’t begin to be processed until mid-February. That is why the IRS strongly suggests to file your 2017 ta

2018 IRS Provision Updates

The IRS announced last week the annual cost of living adjustments for various tax-related provisions for 2018. Keep in mind, these new numbers are for tax year 2018 (beginning January 1, 2018 thru December 31, 2018), which the return will be filed in 2019. Additionally, these are the

Does Your Dependent Need to File a Tax Return?

Whether or not your dependent is required to file a tax return depends on a few factors. When deciding if your dependent is required to file their amount of income, type of income, and dependency status should all be taken into consideration. Types of income and taxes: Earned income o

Missouri Use Tax

The State of Missouri, along with other states, imposes a use tax on businesses for purchases of tangible products purchased without sales tax. Common examples of purchases where use tax would be due include purchases from internet sellers/sites and purchases from out of state retaile