Will I get in trouble with the IRS for filing a Tax Amendment?

A lot of people think that because you made a mistake on your tax forms that it will throw up a ‘red flag’ to the IRS causing them to audit you.

The IRS is not going to punish you for a simple clerical error on your tax return.

Back to Index

What is a Tax Amendment?

A tax amendment is when you’ve made an error on a previously submitted tax return.

Errors that are beyond the basic math you will need to file an amended federal tax return, which is a Form 1040X.

Back to Index

Can Marshall Tax & Financial Services, LLC. help me with a tax amendment?

Yes we do offer a tax amendment service. Please contact us for more information.

Back to Index

Does Marshall Tax & Financial Services, LLC. offer tax classes?

Yes we do offer tax classes. Please contact us for more information.

Back to Index

Does Marshall Tax & Financial Services, LLC. offer remote filing?

Yes no matter where you are in the country we will still be able to Prepare and File your federal and state tax returns.

Back to Index

Is your office safe to come to in relation to Covid-19?

At Marshall Tax & Financial Services, LLC. we make sure to take every precaution to make sure our clients stay safe and our personell.

We have anti-bacterial hand sanitizer at every desk, including the front office, face masks (although no one is allowed in without a face mask). We wipe down everything once a client leaves so everything is sanitized.

Back to Index

What are the limits on my mortgage interest deduction? It’s my very first home.

A married couple can deduct the interest on only the first $750,000 of a mortgage.

Back to Index

What is E-File?

E-file works in conjunction with the Internal Revenue Service’s (IRS) Electronic Filing System. Taxpayers can e-file from a computer, or by using a tax preparer who is an approved Electronic Return Originator (ERO) such as Marshall Tax & Financial Services, LLC. The state return is transmitted to the IRS along with the federal return.

When the federal return is accepted, an acknowledgment (electronic confirmation) is sent from the IRS.

Back to Index

Why should I electronically file and not just mail my paper return in?

  • Convenience. You can electronically file 24 hours a day, 7 days a week.
  • Security. Your tax return information is encrypted and transmitted over secure lines to ensure confidentiality.
  • Accuracy. Electronically filed returns have fewer errors than paper returns.
  • Direct Deposit. You can have your refund direct deposited into your bank account.
  • Proof of Filing. An acknowledgment is issued when your return is received and accepted.

Back to Index

How can I speak directly to the IRS?

You can contact the IRS directly at 1-800-829-1040 if you have filed a 1040 Form. If you are a business you can call the IRS at 1-800-829-4933.

For Individuals that need to contact the IRS directly you will need to have your name and social security number to help them to resolve any issues that you may have.

Back to Index

How long before I get my refund?

Generally it takes 21 days or less for those who have filed electronically to receive you tax refund. Your federal tax refund can take longer depending how you filed and how long it takes your bank or financial institution to process the tax refund.

Back to Index