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121 Tax Consulting

Our Services

Amended Tax Return

Missed deductions or errors on your tax return? We help you file an amended return to correct mistakes, maximize your refund, and ensure full IRS compliance.

Services offered in

  • India
  • USA
  • Canada
  • UK
  • Australia

Our expert team can help you file an amended tax return to correct mistakes, maximize your refund, and ensure full compliance with the IRS.

Common reasons to amend

Unreported income

Unreported income can lead to significant penalties and complications. We provide guidance on filing amended returns, resolving discrepancies, and minimizing potential liabilities while protecting your financial well-being.

Missed deductions or credits

Missing deductions or credits can result in overpaying taxes. We thoroughly review your returns to uncover eligible deductions and credits, ensuring you maximize refunds and comply with regulations.

Incorrect filing status

Choosing the incorrect filing status can lead to inaccurate tax calculations, missed deductions, or penalties. We evaluate your situation to determine the most advantageous status and guide you through the correction.

Foreign income errors

We specialize in navigating the complexities of foreign income reporting, ensuring compliance with IRS regulations like FATCA and FBAR, and accurately reporting foreign earnings.

Misclassified business expenses

We review and correctly categorize your expenses to ensure compliance and maximize tax benefits — whether distinguishing personal from business costs or identifying capital expenditure.

Scope of work

  • Review your original tax return to identify errors, missed deductions or incorrect information
  • Gather supporting documents — W-2s, 1099s, receipts or tax notices
  • Consult with a tax professional to ensure amendments comply with IRS guidelines
  • Prepare the amended return on IRS Form 1040X, clearly stating all corrections
  • Submit the amended return by mail — amended returns cannot be e-filed
  • Track the status using the IRS tool and stay updated on refunds due

Advantages of outsourcing

  • Reap time and efficiency benefits by outsourcing non-core activity.
  • Relieves employee pressure from time-bound and voluminous routine clerical activity.
  • Cost benefit — technology, salary, infrastructure.
  • Improve company and HR focus.
  • Free internal resources for other purposes.
  • Gain access to continuously changing and improving technology.
  • Enhance efficiency.

Still confused about our features? Get a consultation

If you have any queries regarding our services, feel free to contact us.