Frequently Asked Questions
How fast will I receive my income tax refunds?
You can receive an IRS refund in as early as nine days if your return is sent in at the end of the IRS drain cycle (Wed evening) and you choose direct deposit.
What is the fastest way to receive my income tax refund without any extra costs?
E-filing your tax return and requesting your refund to be directly deposited to your bank account.
What are the advantages of e-filing my tax return?
A confirmation that your returns have been accepted, a reassurance that there are no administrative mathematical errors in your schedules, a reduced likelihood of an audit and a faster receipt of income tax refunds.
What happens if I can’t file my taxes by April 15th?
You can file an extension by April 15th that automatically grants you an additional six months to file your tax return.
When are tax returns due that are on a tax extension?
October 15th. Tax extensions automatically grant you an additional six months to prepare and file your personal income tax returns. Tax extensions are NOT an extension of time to pay but an extension of time to file.
Can I email or fax in all of my tax information for preparation?
YES, most definitely. All tax return paperwork can be faxed or emailed in for preparation.
How can I track the status of my income tax refund?
The IRS refund status link is https://sa1.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp
You will need to have your tax return handy to access the information.
Can you fax or email copies of prior year tax returns to my mortgage lender?
Copies of tax returns are retained for several years and can most definitely be sent to mortgage lenders upon request. There is an additional fee for fax or paper copies.
When are 1099’s due to contractors?
January 31st of each year
When are payroll quarterly reports due?
Jan 31, April 30, July 31, Oct 31
Do I have to have a mileage log to claim unreimbursed mileage?
The IRS requires substantiation of all mileage claims. It is a good idea to have your mileage as best documented as possible.
Do I have to have a receipt to claim charity expenses?
Yes. All contributions need to be receipted.
What is the standard cash charity deduction?
There isn’t a “per say” standard charity deduction. Your actual charity contributions should all be receipted and totaled for your eligible deduction.
How long do I have to file an amended tax return?
You generally have three years from the original due date of the return.
Isn’t medical only deductible over a certain percentage?
Medical Expenses are deductible over 10% of your adjusted gross income (7.5% if you are over age 65) on the Federal level and are deductible without a threshold on the AZ State level.