FAQ
Do I Need to file a Return?
To determine if you need to file a Return look at your:
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Income to see if you made the minimum required to file a tax return
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Decide which filing status is best for you
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If you're retired, find out if your retirement income is taxable
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Find out if you qualify to claim certain credits and deductions to lower the amount of tax you owe
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How can I check my refund status?
Visit the 'Where’s My Refund' tool on the IRS website for the most up-to-date information regarding the status of your refund.
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How much does it cost to file my taxes?
The cost varies based on the complexity of each return. We offer free estimates with the goal of minimizing your tax liability and maximizing your tax refund
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When is the Deadline to file my taxes?
The standing deadline for personal taxes is April 15. However, sometimes that date falls on a weekend or after Emancipation Day (a holiday in DC) and pushes the deadline to as late as April 18.
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Can I file after the deadline?
Yes, you should have filed an extension (Form 4868) but if you didn’t that’s fine. There is no penalty for filing a late return after the tax deadline if a refund is due. If you didn’t file and owe tax, file a return as soon as you can and pay as much as possible to reduce penalties and interest.
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Is there a penalty for paying my taxes late?
Yes, if you estimate you’ll owe taxes it is best to pay your liability by the filing deadline. Failure to do so will cost you about 5% per month, or a fraction there of until the amount is paid. You can also opt to pay your tax liability through an installment plan. In addition to paying taxes through an installment payment plan, there may be other options such as the Offer in Compromise (OIC). Under an OIC agreement, the IRS may agree to settle the taxpayer’s liability for less than the full amount of taxes owed. The IRS is not likely to approve an OIC if there’s evidence that the taxpayer could pay the full amount through an installment payment plan or another method. A taxpayer can request consideration for an OIC by filling out Form 656, Offer in Compromise, or Form 656L, Offer in Compromise (Doubt as to Liability), and mail the application package to the IRS.
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