FAQs
Should I file 0 or 1 on my W-4?
The simple answer with this is it depends on what you are looking for. When you file 1, they will be taking out less taxes, this means a smaller refund at Tax Time. If you file 0, then you will have the Max Taxes taken out which can result in a bigger refund. The more Allowances you claim such as going higher than 1, like 2, 3, or 4 and up, they will take out less and less taxes. Keep in Mind, everything will vary based on Income, having children or being Married. But a general rule of thumb is 0 is your safest bet to have the most taken out and less risk of owing at Tax Time.
When Should I pay Estimated Taxes for my Business?
Estimated Quarterly Tax Payments are due April 15th, June 15th, September 15th and January 15th. These Quarters are not Equal in Length so don’t let the June deadline surprise you. You can make payments by Mail, Online or By Phone.
- Phone: 1-800-829-1040
- Online: https://www.irs.gov/payments
- Mail: IRS P.O. Box 802501, Cincinnati, OH 45280-2501
If I live Out of State, do I have to travel to your Office for you to help me?
No, thanks to modern technology, you can always email or fax your documents. You can also mail in your documents as well. This can be done, even if you live nearby and don’t want to drive to the office. If you would like to talk with us while we do your taxes, you are welcome to talk to us through zoom or over the phone, however it is not necessary. We can always get your taxes done, based on information given and reach out to you if we have any questions.
What do I do if I made a mistake on my Federal Return that I’ve already filed?
You can get your return amended by us. This pretty much is like us doing your Return over and letting them know that a Mistake was made.
Will I have to pay for an Amendment?
If the mistake is on our end then no. If the Mistake is on your end then yes.
Do you accept late payments?
Our current policy states we do not E-file unless you pay. This is in place to prevent people from prolonging payment months after their return is filed