Amended Returns

The first step in resolving an outstanding tax liability is to verify that the amount of the tax debt being reported by the IRS or State Tax Agency is correct. In order to ensure that the reported liability is accurate, the CPAs and tax professionals at BCH Consulting, Inc. begin the tax resolution process for each client by carefully examining all previously filed returns and filing amended returns when necessary. By law, a return can be amended within three years from the date of the original return or within two years from the date a tax was paid, whichever is later.

Often a missed deduction, a missed tax credit, a change in filing status or an overlooked income adjustment will result in a tax liability that is greater than it would have been if that item had been claimed on the return. Tax law is so complex that these items are often missed when a tax return is filed without the help of a qualified tax professional. For this reason, the CPAs and tax specialists at BCH Consulting, Inc. will examine each client’s previously filed returns before proceeding with the tax resolution process. This service is free of charge and can often result in a significant reduction in the tax amount owed by identifying available tax benefits that have not been utilized.

The filing of amended tax returns is often the simplest and most cost effective way to reduce an outstanding tax liability. The experienced tax professionals at BCH Consulting will review your prior returns to determine whether amended returns need to be filed. Call us today at (949) 954-8133 or fill out our online request form to receive a free, no obligation consultation.