Frequently Asked Questions (FAQ)
WHERE ARE WE LOCATED?
We just moved to a new office! You can find us at 6315 Fly Rd in East Syracuse, in the Fly Road Commons. We're just off Exit 5W of Interstate 481, near where Kirkville and Fly Roads cross. Cliffs Local Market and Bishop Grimes School are nearby. From 481, turn right onto Fly Road and then your second left into the parking lot. Maximum Return is at the back of the building, where there's plenty of parking. You'll see our sign on the back of the building.
HOW MUCH DOES TAX PREPARATION COST?
The cost of tax preparation depends on the complexity of the return. A simple return typically costs around $135. If your return is more complex, you can expect to pay a higher fee. Amended tax returns cost between $150-$175. For a more precise estimate, please contact us to discuss your specific requirements.
How does an amenDed tax return work?
IRS Form 1040X is used to amend or correct a tax return. On this form, taxpayers show the IRS the changes to their tax return and the corrected tax amount. Starting in 2020, Form 1040X can be filed electronically, which was not previously an option. Only tax year 2021-2023 Forms 1040 and 1040-SR returns can be amended electronically. If amending more than one year of returns, a separate Form 1040X must be filled out for each year. Any forms or schedules affected by the changes must also be included. If filing Form 1040X to get a refund, the taxpayer generally has three years from the date the original return was filed or two years from the date the tax was paid, whichever is later. If an error is discovered before the IRS does, or if new tax documents are received after the tax return has been filed, amending the tax return may be an option. Contact Maximum Return for assistance with amending a tax return.
IS STUDENT LOAN FORGIVENESS TAXABLE?
Are you a taxpayer who earns less than $125,000 per year (or $250,000 if married filing jointly) and has student loan debt? If so, you may be eligible for up to $10,000 in debt forgiveness. The American Rescue Plan Act of 2021 excludes forgiven student loans from a borrower’s taxable income through 2025.
NYS - Consumer Bill of Rights Regarding Tax Preparers
Before hiring a tax return preparer, it is essential to be aware of your rights. While most tax return preparers conduct themselves according to the law and treat their clients with fairness, a minority do not. For more information, please consult the NYS Consumer Bill of Rights at