April 23, 2025
blog, Consulting, Taxes Filing

How to File an Amended Tax Return and Check Your Amended Return Status

Introduction Filing an amended return is often an essential step if you’ve made a mistake on your original return. Whether you’ve missed a deduction, claimed an incorrect tax credit, or had a simple error in reporting your income, knowing how to file an amended tax return is crucial. Not only does it help in correcting […]

April 22, 2025
blog, Consulting, Immigration

Everything You Need to Know About the K1 Visa: Process, Cost, Requirements & More

What is a K1 Visa? The K1 Visa is a type of U.S. visa that allows a U.S. citizen to bring their foreign fiancé to the United States to marry within 90 days of arrival. It’s often called a Fiancé Visa. Here’s how it works: The U.S. citizen petitioner files a petition on behalf of […]

April 22, 2025
blog, Consulting, Taxes Filing

Withholding Tax Explained: 5 Key Things You Need to Know About Withholding Tax in 2025

Withholding Tax: What Is It and How to Calculate It? Are you wondering what withholding tax is and how to calculate it? In simple terms, withholding tax refers to the amount of money taken from your income before you even see it. It’s a system used by governments to collect taxes at the source of […]

April 21, 2025
blog, Consulting, Taxes Filing

1099 B Form: 7 Essential Things You Must Know to Avoid Tax Mistakes

What Is a 1099 B Form and Why Do You Need It? The 1099 B form is a tax document that reports the sale or exchange of securities and certain other property. If you have sold stocks, bonds, or other financial assets, you might receive a 1099 B form from your broker. Understanding how the […]

April 21, 2025
blog, Consulting, Taxes Filing

Tax Return Services: 7 Essential Steps for Fast IRS Filing and Maximum Refund

Introduction When it comes to managing taxes, many individuals and businesses need assistance navigating through the complexities of tax returns. Whether it’s filing your annual tax return, checking the status of a refund, or understanding the process of an amended tax-return, having reliable guidance can save you time and stress. At Syed Professional Services, we […]

April 18, 2025
blog, Consulting, Taxes Filing

7 Essential IRS Estimated Tax Payment Tips to Maximize Your Refund

Introduction For anyone navigating the maze of taxes, understanding IRS estimated tax payment is crucial. Whether you’re a freelancer, self-employed, or simply managing your finances, keeping up with estimated tax payments can help you avoid unnecessary penalties and ensure your tax returns are filed smoothly. In this comprehensive guide, we’ll cover the essentials of estimated tax […]

April 18, 2025
blog, Consulting, Taxes Filing

10 Powerful Property Tax Strategies You Need to Maximize Savings in 2025

Introduction. Property taxes are essential to owning real estate, and understanding how they work is crucial whether you’re a homeowner, investor, or business owner. In this article, we’ll explore what property tax is, dive into the specifics of property taxes in New York City (NYC) and New Jersey (NJ), explain personal property-tax, and clarify whether […]

April 17, 2025
blog, Consulting, Taxes Filing

Understanding the Standard Deduction for 2024 and Beyond: What You Need to Know

Introduction: Understanding the Standard deduction 2024 is crucial for every taxpayer when tax season rolls around. The standard deduction is a fixed amount that reduces your taxable income, making it a key factor in determining your tax liability. For the tax years 2024 and 2025, the standard deduction has seen changes that could impact many […]

April 16, 2025
blog, Consulting, Taxes Filing

IRS Form 1040X: The Ultimate Guide for Filing Amendments with Syed Professional Services

Introduction Navigating the IRS tax forms can be overwhelming for many, but filing becomes manageable and stress-free with expert guidance. If you have made an error in your tax return, IRS Form 1040-X is the key to correcting things. In this comprehensive guide, we’ll break down everything you need to know about Form 1040X—from its […]

April 16, 2025
blog, Consulting, Taxes Filing

Understanding Form 1120 and How Syed Professional Services Can Help

Introduction When it comes to managing business taxes, many business owners find themselves needing to complete IRS 1120 Form. But what exactly is Form 1120, and how does it play into your company’s tax obligations? In this article, we’ll walk you through the basics of this important IRS form, its purpose, the instructions for completing […]