U.S. Taxpayers are obligated to provide correct tax returns. If you knew your previously filed tax return has errors, you will need to amend it to reflect the correct information. If you are audited and result in tax payment,you will need to pay the additional tax you owed plus any accumulated penalty and interest. If your amendment resulted in tax refund, you would receive the tax refund after the amendment within the Government designated time window
Tax Panda’s professional CPA can help you take care of the tax return amendment so that you can fulfill your tax filing obligations, worry free.
If you have been living/studying in the U.S. on or before 2023, according to the U.S. laws and regulation, you will need to fulfill your tax filing obligation. If you forgot to file in the prior years, not only will you face penalty and interest charges, it may also affect your H-1B visa or future green card/citizenship application
You will need to take care of your past year income tax return as soon as possible to avoid further penalty and interest.The IRS allows you to catch up on past years’ tax filing. Tax Panda’s professional CPA can help you take care of all the past period income tax filings all togetherso that you can fulfill your tax filing obligations, worry free.
