No tax on overtime & tips, plus more
There are several new changes that may benefit you on your 2025 return. We’ve created a dedicated page outlining the details, including what documents you’ll need. Click the link below to learn more.
LLC Questions
LLCs are a popular topic among online tax experts, but be cautious. Many people follow online advice, only to regret it later. A Single Member LLC (also known as a disregarded entity) is primarily a legal structure, not a tax strategy. It functions the same as a sole proprietorship for tax purposes—no extra tax benefits […]
What do I bring in for my business?
Please note, if your return includes business activity: We do not offer bookkeeping as part of the tax prep fee. Please come to your appointment with your bookkeeping completed, including a profit and loss breakdown showing your total income (gross income before deductions) and an itemized list of expenses for the year. Monthly totals are […]
Third Party Verification Letters
Verification requests, often called comfort letters, or CPA letters, typically relate to a client’s loan or refinance. We are asked to confirm specific information, but it’s the lender’s responsibility to conduct their own due diligence. Our firm only prepares tax returns, so we can’t comment on a client’s creditworthiness or financial status, including business ownership […]
I paid my balance but I just received a letter that says I never paid it.
This is actually fairly common. There are usually two reasons for this happening: You accidently paid the wrong people. Meaning you owed the IRS but made a payment to the State (FTB) or vice versa. Check your payment receipts. or You filed a joint return but when it came time to make the payment you […]
I am expecting a large bonus or I worked a lot of overtime and my coworker told me I should go exempt so I don’t get hammered on the taxes. Will I get in trouble? Is this OK?
Understanding taxes is crucial. Your tax withholding is like a savings account to cover your tax bill. If you withhold too much, you get a refund; too little, you owe. Going exempt means no money is withheld, and you risk owing later. Even if you’ve had enough withholding earlier in the year, we don’t recommend […]
What do I need to provide if I, or my dependent, attended college?
The most important document that you need to provide is called a 1098-T form. Most schools do not mail this out anymore. Most of the time is it found in the student’s online portal or emailed to the student. Have the student find this form before coming into your appointment. In addition to the 1098-T, […]
I have tried everything possible and still can not get my issue resolved. Please help!
It is rare but does happen now and then. Your return is stuck in some weird limbo where you have not received anything and can’t seem to get any answers on why. Or you were asked to send supporting documentation but it was denied or you have not heard back. Since we do not have […]
I keep checking my refund status online and it just says processing. Can you tell me what is going on?
We only have access to the same refund information that you see on the IRS website. Once we submit a return and receive the acceptance acknowledgment from the IRS we will have no other information related to your return until it’s either released or the IRS sends a letter. If your return was rejected for […]
I received my refund but it’s less than it was supposed to be.
There are a few reasons why this may happen. We will break down the answers into two categories. If you paid us directly, and NOT out of your refund. If you paid us directly, and your refund was less than you expected, it may have been reduced by the IRS or a Financial Management Service […]