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Frequently Asked Questions
Answers To Your Common Accounting Questions
What documents do I need to bring for tax preparation?
Make sure to bring a W2 from each job you worked at during the year. Also bring your ID, and your 1095-A if you had marketplace health insurance (a.k.a. Obamacare or Medicare.)
How long does it take to process my tax return?
After we file your tax return, it can take between 2 and 3 weeks for the IRS to process and send you a return, if applicable. We offer direct deposit returns, and even the option to pay your tax preparation fee using your return!
Can you help with state and local tax filings?
Yes! We will handle your state and local filings along with your federal filing.
What happens if I miss the tax filing deadline?
If you miss the tax filing deadline, the IRS may impose a failure-to-file penalty (5% per month, up to 25%) and a failure-to-pay penalty (0.5% per month). Interest on unpaid taxes also accrues. If you expect a refund, there’s no penalty, but it’s best to file ASAP.
Individual Returns (Form 1040): Due April 15 (October 15 with an extension).
Estimated Tax Payments: First Payment Due April 15
Corporate Returns: Due on the 15th day of the fourth month after the fiscal year ends.
Partnership Returns: Due on the 15th day of the third month after the fiscal year ends.
What are the benefits of using a professional tax preparer?
Using a professional taxpayer ensures accuracy, maximizes deductions, and minimizes errors that could trigger audits or penalties. They stay up-to-date on tax laws, saving you time, stress, and often, money.
How do you ensure the security and confidentiality of my information?
The information found on this website is meant to be considered general information and is not to be taken as professional advice.