FAQ

  • 1.   Visit IRS Payments

    2.   Under Pay Your Taxes Now, select the preferred payment method

    3.   Under Reason for Payment select Extension to make the 2023 tax payment

    4.   If married, make sure you use the data for the person showing up first on your tax returns (the “taxpayer”, not the “spouse”).

    5.   Follow the instructions to enter your payment details and submit the payment

    6.   Save a copy of the payment confirmation and upload it to your client portal.

  • If you need more time to pay, you can set up an installment plan with the IRS here: IRS Installment Plan

  • Please note that some states are due 4/15 and others 5/15.

    Here are the payment links to most of our common state filings. Please reach out if you need another state not listed below.

    LOUISIANA

    MISSISSIPPI

    ALABAMA

    GEORGIA

    CALIFORNIA

    NEW YORK

    NEW MEXICO

  • Regarding extensions... As you may know, an extension provides an extension to file but not an extension to pay. Any estimated tax due still needs to be paid by April 15.

    If we calculated an estimated amount owed, we sent this you. If we calculated a refund or zero-tax due, we did not send an estimate to review.

    Please note this is just an estimate. If you cannot make this payment now, I suggest you just pay what you can. If your tax bill ends up being less at the time of filing, you will receive a refund for any overpayment. If your tax bill ends up being more, you may need to pay an underpayment penalty.

    • Compile: Transactions are classified, adjustments are made, and any questions/requests are sent to the client.

    • Reconcile: Bank, credit card, and loan accounts are reconciled.

    • Analyze: Our team does a first review of the financials for the period. Each quarter, a comprehensive, more in-depth, second review is performed.

    • Deliver: The final reports are uploaded to the portal for client review.

    • Engagement letter sent for signature to you (client) through TaxDome

    • Deposit invoice sent for payment to you (client) through TaxDome

    • Organizer (questionnaire) sent to you to complete through TaxDome

    • Once you have signed engagement letter, paid deposit invoice, and completed the questionnaire and uploaded most or all documents, please send a message or email to let us know that we can begin the review process.

    •  When the invoice is paid, organizer is completed, and most open items are answered, we will begin preparation.

    •  (If you confirm that all open items have been addressed, your return will be processed quicker.)

    • I will try to send as many questions at once throughout the prep process for efficiency.

    • Once the return is prepared, we will send you a review copy to approve through TaxDome.

    • If you approve or only have minor changes, the next copy will be sent for e-filing signatures (if eligible for e-file). The final invoice will be sent at this time.

    • Once the final invoice is paid, the return will be released for e-file.

    • Please reach out if you are unsure where you are in this process.

  • Here's a list of upcoming tax deadlines in the United States through May 15, 2024:

    October 2023

    • October 16: Deadline for taxpayers who requested an extension to file their 2023 individual income tax returns.

    December 2023

    • December 31: Deadline for making 2023 contributions to most retirement plans.

    January 2024

    • January 15: Fourth quarter estimated tax payment due for the tax year 2023.

    March 2024

    • March 15:

      • Deadline for corporate tax returns (Forms 1120, 1120A, 1120S) for the year 2023, or to request an automatic six-month extension (Form 7004).

      • Deadline for partnerships and S corporations to file their 2023 tax returns (Form 1065, 1120S) or request an automatic six-month extension (Form 7004).

    April 2024

    • April 15:

      • Deadline to file individual tax returns (Form 1040) for the year 2023 or to request an automatic extension (Form 4868).

      • First quarter estimated tax payment due for the tax year 2024.

      • Deadline to contribute to traditional IRA, Roth IRA, Health Savings Account (HSA), SEP-IRA, or solo 401(k) for the tax year 2023.

      • Filing deadline for the 2023 annual report for non-profit organizations (Form 990).

    May 2024

    • May 15: Deadline for non-profit organizations to file information returns (Form 990) or request an extension (Form 8868).

    • It is recommended to keep your tax returns and supporting documentation for at least seven years. This timeframe covers the period that the IRS can audit your tax returns or assess additional taxes unless there is suspected fraud, in which case older records might be needed. Keep records related to real estate or investment for at least seven years after you've sold the asset. It's also wise to maintain records of major business assets until at least seven years after disposing of the asset. We suggest using digital storage for secure and efficient record-keeping.

    • Don’t panic. Read the notice carefully to understand what is being asked or stated. Respond promptly, and gather all the documents related to the inquiry or audit request. Contact us as soon as you receive the notice so we can help you prepare a response. Our team can guide you through the process, ensuring that you meet all deadlines and requirements efficiently. When you reach out, please make sure that the notice in its entirety is uploaded into our portal.

    • You should amend your return if you discover errors, omitted deductions, or credits after your original return has been filed. This includes incorrect income data, filing status, or number of dependents. To amend a return, you must file IRS Form 1040-X within three years from the date you filed your original return or within two years from the date you paid the tax, whichever is later. Our firm can assist you in reviewing your situation, preparing the amendment, and ensuring that it’s processed correctly.

    • Estimated tax payments are required for individuals who expect to owe $1,000 or more when their tax return is filed. This generally includes self-employed individuals, investors, retirees, and those who do not have taxes withheld from other sources of income. Payments are due quarterly (April 15, June 15, September 15, and January 15). We can help calculate your estimated tax based on your expected adjusted gross income, taxable income, taxes, deductions, and credits for the year.

    • Electronic filing offers many benefits, including faster processing of your return, quicker refunds, and a reduced risk of errors. E-filing also provides immediate confirmation that the IRS has received your return. Most taxpayers are eligible to e-file, and our firm can facilitate this process for you, ensuring your return is submitted securely and efficiently.

    • Welcome to our firm! The first step is to complete our Client Intake Form. Then, you will schedule an initial consultation, during which we will discuss your financial goals and current tax situation. Following this, we’ll collect necessary documents from you, such as previous tax returns, financial statements, and personal identification information. We then set up a client account for you in our secure portal, where you can track your tax filings and communicate with our team. We guide you through every step to make the transition as smooth as possible.

  • To ensure the confidentiality and integrity of your sensitive financial data, it is crucial to avoid sending such information through text messages or email. These communication methods are inherently insecure and susceptible to interception by unauthorized parties.

    Secure Submission via Client Portal: We have a dedicated client portal designed to provide a secure environment for exchanging sensitive documents and communications.