{"id":6168,"date":"2019-11-21T12:03:42","date_gmt":"2019-11-21T12:03:42","guid":{"rendered":"http:\/\/consulting.stylemixthemes.com\/demo\/?page_id=6168"},"modified":"2023-01-30T23:27:54","modified_gmt":"2023-01-31T07:27:54","slug":"faq","status":"publish","type":"page","link":"https:\/\/www.dwytax.com\/en\/faq\/","title":{"rendered":"FAQ"},"content":{"rendered":"
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Frequently Asked Questions<\/h3>\n

If you have any questions, please check our Frequently Asked Questions. If you don\u2019t find the answer you are looking for, please contact us to arrange a one-on-one consultation.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n

What documents do I need to prepare when requesting an individual tax return?<\/span><\/i><\/a><\/h4><\/div>
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\u2022 Please provide all of the W-2 forms, 1099 forms, and Schedule K-1 forms, if any.
\n\u2022 If you have other income, such as rental income, business income, or income from property sales,\u00a0please let us know.
\n\u2022 Provide Form 1098, Mortgage Interest Statement, with details of any property tax paid, if you have one.
\n\u2022 If you have sold or bought real estate, provide escrow statements.
\n\u2022 Please let us know if you have any unreimbursed employee expenses.
\n\u2022 Provide copies of your, your spouse, and children's social security cards.
\n\u2022 Provide one of either the Form 1095-A, Form 1095-B, or Form 1095-C you received for health insurance verification.
\n\u2022 If this is your first time using DWY Tax & Accounting Services, please provide a copy of your prior year's tax return.
\n\u2022 Lastly, a copy of a voided check is required for e-filing.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div>

What documents do I need to prepare when requesting a business tax return (C-Corp, S-Corp, Partnership, LLC)?<\/span><\/i><\/a><\/h4><\/div>
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\u2022 Provide a profit and loss statement or list of income and expenses for the tax year.
\n\u2022 Please provide the balance sheet for the tax year.
\n\u2022 Please provide the balance of corporate bank accounts as of the last day of the tax year.
\n\u2022 If any shareholders made a contribution to the business during the tax year, please provide the amount.
\n\u2022 If any shareholders received a distribution from the business during the tax year, please provide the amount.
\n\u2022 If this is your first time using DWY Tax & Accounting Services, please provide a copy of your prior year's tax return.
\n\u2022 Lastly, a copy of a voided check is required for e-filing.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div>

When is the due date for individual tax returns?<\/span><\/i><\/a><\/h4><\/div>
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The deadline for filing an individual tax return is April 15 of each year.<\/p>\n

If you cannot file your tax return by the deadline, you can file for an extension for your taxes by submitting Form 4868, Application for Automatic Extension of Time to File U.S. Individual Tax Return, with the IRS online or by mail. This must be done by the filing deadline. You can generally get an automatic 6-month extension of time to file.<\/p>\n

You are allowed an automatic 2-month extension to file your return and payfederal income tax if you are a U.S. citizen or resident alien, and on the regular due date of your return, if:

\n1. You are living outside the United States and your main place of business or post of duty is outside the United States or
\n2. You are in military or naval service on duty outside the United States.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div>

When is the due date for S corporation tax return?<\/span><\/i><\/a><\/h4><\/div>
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The filing deadline for S corporation taxes is the 15th day of the third month following the end of the tax year, generally March 15th of each year if you are using a calendar year.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div>

When is the due date for C corporation tax return?<\/span><\/i><\/a><\/h4><\/div>
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The filing deadline for C corporation taxes is the 15th day of the fourth month following the end of the tax year, generally April 15th of each year if you are using a calendar year.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div>

When is the due date for partnership tax return?<\/span><\/i><\/a><\/h4><\/div>
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The filing deadline for S corporation taxes is the 15th day of the third month following the end of the tax year, generally March 15th of each year if you are using a calendar year.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div>

When is the due date for tax-exempt organization tax return?<\/span><\/i><\/a><\/h4><\/div>
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The filing deadline for tax-exempt organization tax is the 15th day of the fifth month following the end of the tax year, generally May 15th of each year if you are using a calendar year.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div>

How quickly can I get my refund?<\/span><\/i><\/a><\/h4><\/div>
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The IRS issues most refunds in less than 21 calendar days.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div>

It's been longer than 21 days since the IRS received my return and I haven't received my refund. Why?<\/span><\/i><\/a><\/h4><\/div>
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Some tax returns takes longer to process than others for many reasons, including when a return;<\/p>\n

\u2022 Is affected by identity theft or fraud.
\n\u2022 Includes a claim filed for an Earned Income Tax Credit or an Additional Child Tax Credit.
\n\u2022 Includes a Form 8379, Injured Spouse Allocation, which could take up to 14 weeks to process.
\n\u2022 Includes errors or is incomplete.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div>

Can I check the status of my refund?<\/span><\/i><\/a><\/h4><\/div>
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Yes, you can start checking on the status of your refund within 24 hours after the IRS has received your e-filed return or 4 weeks after you mail a paper return.\u00a0To check the status of a refund, click on the link below;<\/p>\n

Check My Refund Status<\/a><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div>

What is the difference between an IRS enrolled agent and a certified public accountant?<\/span><\/i><\/a><\/h4><\/div>
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An EA, CPA, and attorneys may represent a client before the IRS if they have the proper authorization from the client. The authorization may be made using Form 2848, Power of Attorney and Declaration of Representative. When it comes to tax-related tasks, an EA, CPA and attorney can provide the same level of service on an equal footing.<\/p>\n

An EA is a tax practitioner who is licensed at the federal level by the IRS. In fact, enrolled agent status is the highest credential awarded by the IRS and therefore enrolled agents have virtually unlimited practice rights before the IRS. That means there are no restrictions to the types of tax issues they can handle and the type of taxpayers they can serve.<\/p>\n

On the other hand, certified public accountants are licensed by their applicable state boards of accountancy and therefore to practice in another state, the CPA must also meet the requirements of that state and obtain a license from that state.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div>

I am not a resident of California; can you still provide services?<\/span><\/i><\/a><\/h4><\/div>
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Yes, even if you are not a Californian resident, you can still use our servicess. Because IRS Enrolled Agents are licensed at the federal level by the IRS. they can provide unrestricted services in any of the 50 U.S. states. Many of our customers now receive our services from outside California as well as from outside the U.S.<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>

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