Da Silva Lewis & Associates

Here’s why your tax return may be flagged by the IRS

There are several reasons why your tax return may get flagged or audited by the IRS. Here’s how to avoid IRS scrutiny and processing delays.

IRS Tax Tip: Ten Tax Tips For Individuals Selling Their Home

The Internal Revenue Service has some important information for those who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may be able to exclude all or part of that gain from your income.Read more →

When is the right time to hire a tax accountant?

Confused if you should hire a tax accountant? Here are the 7 circumstances when you must hire a tax professional.

Missed deadline to file Income Tax Return? Here's what you need to do

What should you do if you have missed the deadline to file your Income Tax Return? Read on to find out.

10 Questions To Ask Your CPA

If you are hiring an accounting or tax and business firm, it should go without saying that you have a CPA involved in looking over all of the work. However, not all accounting firms are created e…

Tax Deductions You Won't Believe

Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.

Is Hiring a CPA Worth it? 5 Tips for Getting Your Money’s Worth

Often when people find out I’m a tax accountant, I get asked, “How much does a CPA cost?” It’s like me asking “How much does a home cost?” We all understand that a 1,000 square-foot home in Kansas has a different cost than a 1,000 square-foot penthouse condo in New...

What will new tax codes do to your tax return?

Filing your tax return…on your phone?

Filing your tax return is always a laborious process, but there's an easier way – via your smartphone.

5 Common Mistakes to Avoid on Your Tax Return

When it comes to filing your tax return, learn about the five common mistakes people make and how they can be avoided.

Oops, Did You Forget Something on a Tax Return?

If you have already filed your tax return and overlooked an item of income or forgot to claim a deduction or credit, it is not too late! An amended return can be filed to correct an already filed tax return. Failing to report an item of income will most certainly generate an IRS inquiry, which typically happens a year or more after the original return was filed and after the interest and penalties have built up. Therefore, it is best to file an…

Amended Tax Return: Frequently Asked Questions

Learn how an amended tax return can change or correct an error with the IRS. This can also potentially get you a larger refund in some circumstances.

13 Fun Things to Do With Your Tax Return

So, you got your tax return back! It may seem like the responsible thing to put it away in savings, but sometimes you have to treat yourself. You deserve it,

How Long Does The IRS Have To Audit Your Tax Return?

Six steps to e-filing your income tax return

To e-file your income tax return, you will have you register on the Income Tax Departments online tax filing site.

Who can I claim as a dependent on my tax return?

Find out who in your household you can claim as a dependent on your income tax return by reviewing these three different qualification tests.

Forgot Something on Your Tax Return? It's Not Too Late to Amend the Return

If you discover that you forgot something on your tax return, you can amend that return after it has been filed. The need to amend can be because of:

Everyone doesn't have to file a tax return, but you may want to!

Even though your income is not high enough to have to file a tax return, you may want to file one anyway.

Tax Time: 5 Tax Return Mistakes To Avoid With Restricted Stock Compensation

Tax returns get complex when you have compensation income from restricted stock or restricted stock units. Mistakes can lead to overpayment of taxes or unwanted attention from IRS auditors. Here are five mistakes to avoid on your federal tax return.

Just Now Finding Out Your Tax Return Was Stolen?

Now that U.S. taxpayers can take advantage of innovations like online tax return filing and DIY tax prep software, more consumers than ever before are waiting until the last minute to file. It’s easier to procrastinate when consumers submit an electronic return versus filing lengthy paper forms. Identity thieves and scammers have long relied on filing fraudulent tax returns to …