Tag: 1040

SR Client Question: Why haven’t I received my tax refund yet?

There are various factors leading to the Internal Revenue Service's delayed processing of 2020 federal income tax returns. Typically, the IRS sends most refunds within three weeks of taxpayers filing their return. But this year is complicated by several issues,...

Request a copy of filed 1040 or 1040 transcript with these IRS forms

Filers may seek a copy of a previously filed 1040 federal tax return in two ways: Request a copy of the tax return as filed (Form 4506).  This request will provide an exact copy of what filed and the return...

IRS cancels postcard-sized income tax return

According to a recent article from The CPA Practice Advisor, plans to provide taxpayers with a postcard-sized Form 1040 have been officially scrapped. The IRS is now working on a version that‘s shorter than the traditional 1040, but looks more like the typical...

Changes to amended returns

  • November 28, 2018
  • Karla Harrington CPA

Starting with the 2017 tax season, the state of Michigan has changed how amended returns are prepared.  They no longer have the MI-1040X. You now must check a box on the regular MI-1040 form to indicate it’s amended and add...

Unincorporated business election for married couples

An unincorporated business jointly owned by a married couple is generally classified as a partnership for Federal tax purposes. For tax years beginning after December 31, 2006, the Small Business and Work Opportunity Tax Act of 2007 (Public Law 110-28)...

News from the IRS (don’t worry, we’re on it)

  • January 21, 2013
  • Rhonda Seeley CPA

News from the IRS regarding several sets of forms and returns for 2012 filing...don't worry, it's alot to absorb and your professionals at ShindelRock are staying on top of it!   We'll continue to keep you abreast of IRS communications...