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Nov 23, 2020Tax return delivery
The typical turnaround time for prior year tax returns are one to two business days if it is a complex return. Otherwise, it will be available for download right away after submission. If you’re preparing a current year tax return, we will be e-file your taxes right after submission. However, if we have any questions […]
adminNov 2, 2020What do I need to claim a dependent?
For tax years 2018 to 2025, there are no personal exemptions for dependents as well as the individuals filing. Prior to 2018, you qualify for $4,050 for your dependent’s personal exemption. Here are the requirements in claiming a qualifying dependent: They must be a qualifying child or relative Be U.S. citizen, a U.S. national, U.S. […]
adminNov 2, 2020Choosing the Correct Filing Status
Believe it or not, something as simple as your filing status determines your filing requirements, standard deduction, tax credit eligibility, and your overall tax. Each tax year has a standard deduction based off of your filing status which is adjusted annually due to inflation. There are five filing statuses: Single Married filing jointly Married filing […]
adminNov 2, 2020Can I still claim my prior year tax refund?
Many taxpayers are unaware that even if they missed a certain tax deadline, they can still claim a tax refund. However, there is a limitation on the amount of tax years going back. The IRS has a three-year statute of limitations on claiming a prior year tax refund. You must claim the prior year tax […]
adminNov 2, 2020How do I receive my tax refund?
The difference in receiving your tax refund is whether or not you are filing a current year tax return or a prior year tax return. When filing a current year tax return, you have the option to electronically file your return. This means that you can enter valid bank information such as your routing and […]
adminOct 30, 2020Can I Still E-file?
You can electronically file your tax return for the current tax year. The cut off date for e-filing your tax return is the e-file and extension deadline; October 15 per tax year. After this date, you must paper file your tax return. This means, you must print, sign and mail your tax return to the […]
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