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Yes, our team at Wenona Co can serve all 50 states and can schedule you a remote consultation and appointment. We look forward to working with you.
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The 'Where’s My Refund' tool on the IRS website provides the most up-to-date information regarding the status of your refund.
We offer a wide range of tax services including tax preparation, business consulting, LLC formation, social media content development and branding and more!
Our hours of operation are Monday - Friday from 10am to 6pm, Saturdays from 10am - 4pm and CLOSED on Sundays.
The cost of tax preparation varies based on the complexity of your tax situation. Contact us to schedule a consultation and receive a quote.
Below is a list of documents to bring with you to your tax interview.
PERSONAL INFORMATION FOR EACH FAMILY MEMBER:
INCOME AND TAX INFORMATION:
DEDUCTIONS/ADJUSTMENTS:
TAX CREDITS:
Your mortgage company should send you Form 1098 which reports the mortgage interest you paid.
Depending on the circumstances, different documents may be needed to demonstrate employment. In most cases, a W-2 form will be given by the employer. Independent contractors and product sales representatives, like Mary Kay, who work for themselves should get a 1099-MISC form from their employer.
You have to declare unemployment benefits as income and pay taxes on them if you got benefits from your state for unemployment during the previous year. You should receive a 1099-G document from the unemployment agency that details the amount of benefits you received in the previous year. A copy is also sent to the Internal Revenue Service (IRS), which will tax you according to your tax bracket and at the appropriate rate. Nobody is indebted. It's likely that you paid payroll taxes if you worked for a portion of the previous year. If those deductions were overpaid, you might be eligible for a refund.
IRS Form 1040 must be used to file a Schedule C. You will need to provide your business expenses as well as income. You could require additional paperwork, depending on your business's nature and location. Additionally, you might have to file Form 1040-ES, expected Tax for Individuals, in order to make expected quarterly payments. If you need a list of qualified deductions, please contact our office.
It will be simpler to file your taxes for the first time following a divorce if you do the required actions ahead of time. To ensure that the right amount of taxes is withheld, update your W-4 through your employer. In order to avoid issues with the IRS, you need also file Form SS-5 with the Social Security Administration if you, or a family member, changed your name.
April 15 is the regular deadline for filing personal taxes. Nevertheless, the deadline may be extended to April 18 if that date falls on a weekend or after Emancipation Day, a holiday in Washington, DC.
Yes, you can, provided you maintain accurate documents in case the IRS decides to audit you. Make sure to note the organization's name, the time and place of the donation, and a thorough explanation of what you contributed. Make a record of the amount you deducted and the method you used to determine the fair market value of the donated goods. If the donation is for money, a voided check or even a payroll deduction will do as proof of contribution if the amount is under $250.
Generally speaking, you cannot deduct regular house repairs from your taxes. Home repairs don't raise the worth of your house; instead, they are intended to keep it in good condition. However, you may be able to recover the expense of repairing the damages to your property if you reside in a "federally declared disaster area" and it is damaged. Certain repairs may be written off if you utilize a portion of your house as your primary place of business; however, you will need to itemize your deductions on Schedule A.
The first thing to do is visit the IRS Tax help Site to find out if the President has designated your area as a "disaster area." The IRS offers special help to these sufferers. (To receive disaster aid, if you do not have internet connection, contact FEMA at 1-800-621-3362). If you live in a catastrophe area and experienced any effects from the disaster, consult a tax preparer to ascertain the appropriate year to file for casualty loss. By doing this, you'll be able to determine the maximum tax benefit.
A foreclosure is treated as a property sale for the purposes of federal taxes. Your tax burden will be affected by two distinct factors: any profit from the sale of your property and any income you receive credit for debt forgiveness. There are methods for figuring out your gains and debt cancellation.
Missed income most likely necessitates filing an amendment because it is not a minor modification (missing form or incorrect math calculation). Form 1040X, Amended U.S. Individual Income Tax Return, must be filed on paper; electronic filing is not permitted in this case. Furthermore, please sure to include any paperwork or schedules that are necessary for the modifications you are making.
Don't worry; you have two years from the date of payment or three years from the filing date, whichever comes first, to fix the problem. However, keep in mind that you don't have to wait the typical 12 weeks for your amended return to be processed if it requests a larger refund. Instead, you can cash your initial refund check. If, however, your updated return indicates that you owe, you should pay those taxes as soon as possible in order to minimize penalties and interest.
The IRS's "Where's My Amended Return" service allows you to monitor the progress of your amended tax return or returns. About three weeks after mailing your updated return, check the IRS website or give them a call at 866-464-2050.
You can prepare your taxes as soon as you receive your W-2, but the IRS will not accept them before January 27th, 2025.
There are a lot of reasons why you might not receive the full amount of your refund. Your taxable income, the amount withheld from your paycheck for federal and state taxes, and your tax rate are the three factors that determine what constitutes a refund. Consider the fact that you did not give the IRS a zero-interest loan if you aren't receiving as much money back.
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