Tax Warrior Chronicles

IRS Advises Certain Vets to Amend Returns to Claim Tax Refunds for Overpayments

Posted on Fri, Jul 13, 2018

By: Drucker & Scaccetti

 

This week, the IRS advised U.S. veterans who received disability severance payments after January 17, 1991 and included that payment as income to file an amended U.S. Individual Income Tax Return, to claim a credit or refund of the overpayment attributable to the disability severance payment. This is a result of the Combat-Injured Veterans Tax Fairness Act passed in 2016. If you are a veteran, or know someone who is, please share this important information.

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Tips for Amending Tax Returns

Posted on Tue, Jun 19, 2018

By:  Drucker & Scaccetti

 

Oops! Think you made a mistake on your federal tax return?  Or, did a meaningful late-arriving tax document land in your mailbox after you filed? Never fear; you can file an amended tax return to correct it. Like most tax-filing processes, certain steps must be followed. In today’s post, we’ll review tips on filing a successful amended return.

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LGBT Marriage & Taxes - Who Should Claim the Kids? – Possible Tax Refund Opportunity for Parents Not Legally Married

Posted on Thu, Mar 13, 2014

After the historic June 26, 2013, Supreme Court ruling that Section 3 of the Defense of Marriage Act (aka DOMA) was unconstitutional, many LGBT couples happily committed to legal marriage in 2013 and even more are considering nuptials in the near future.  However, many couples, for a variety of reasons, have not yet taken the plunge.  Our LGBT tax consulting experts have identified several economic and tax considerations LGBT couples may want to quantify when assessing the financial impact of marriage.  This is the first in a series of blogs that will address these issues.  

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