Taxpayers now have more options to correct, amend returns electronically
More forms can now be amended electronically. These include people filing corrections to the Form 1040-NR, U.S. Nonresident Alien Income Tax Return and Forms 1040-SS, U.S. Self-Employment Tax Return (Including the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico) and Forms 1040-PR, Self-Employment Tax Return – Puerto Rico.
IRS has adjusted the standard mileage rates to better reflect the recent increase in fuel prices,
For the final 6 months of 2022, the standard mileage rate for business travel will be 62.5 cents per mile.
WHEN DOES THE WAIT END?
As of right now, the IRS is extremely backed up and are barely able to assist on the phone. Please continue checking on the status of your return. There is a light at the end of this tunnel! Read more about continued delays by clicking here.
