Martin Cantu, EA - Tax Consultant - Tax Relief Services Blog

  Tax season is right around the corner, but the complexities and controversies surrounding the US income tax system remain a constant source of discussion. From concerns about fairness and inequality to the challenges of navigating a labyrinthine code, the issues at hand are multifaceted and warrant careful consideration. Tax issues are complex and multifaceted. Ask your AI engine of choice and this is the response you’ll receive to the question – “What are the top income tax issues in the US today?”.   Here are some of the more popular responses: The Fairness Debate : One of the most prominent issues revolves around the perceived unfairness of the current system. Critics argue that the tax code favors the wealthy, with lower effective rates for high-income earners due to loopholes and deductions. This disparity raises concerns about the system's ability to ensure equitable contributions from all citizens. Specifically, the treatment of capital gains and dividends h...

  How to Expedite Your IRS Amended Return and Get Your Refund Faster Have you recently discovered an error on your tax return that could potentially affect your refund? Filing an amended return with the IRS can seem like a daunting task, but fear not! With a few simple tips and tricks, you can expedite the process and receive your refund faster than you may have thought possible. In this article, we will guide you through the steps to take to ensure your amended return is processed quickly and efficiently. From gathering the necessary documentation to understanding the IRS processing times, we have you covered. Don't let the thought of filing an amended return stress you out any longer - read on to learn how to expedite the process and get your refund in your hands as soon as possible. Reasons for Amending Your Tax Return There are several reasons you might need to amend your tax return. Here are a few common ones: - You received a corrected W-2 or 1099 after you filed your...

 Turkey Day, Black Friday, Christmas, New Years, Tax Day.  Wait, what? Thanksgiving signals the march to the end of the year and starts the string of never ending year-end lists, including late year tax planning.  So what should you do? Take a minute while you sit comfortably in your chair with your tablet and phone and take a quick run through on 2022. How much money did you make? Any new expenses? New purchases? How about gifts?  While this can be painful, it could also be helpful. Take a minute - you'll be be glad you did. Questions? Call me. www.austin-tax-help.com.