Find answers to the most common questions about our training course. You'll be able to learn how to prepare taxes like a pro.
Your tax preparation career starts here.
You can seek help from an accountant or a registered tax preparer, or you can go to any of our more than 30 offices.
To prepare your taxes, you may need to collect a series of financial documents and records about your income, expenses and deductions, such as forms W-2, 1099, receipts for medical, investment, education and housing expenses. In addition to presenting photo identification, such as a driver's license or passport.
Yes, there are many deductions allowed by law that you can claim, including work-related expenses, mortgage interest, and charitable donations.
You can seek the help of a professional or carefully review your taxes before filing them.
The deadline for filing your taxes in the United States is April 15 of each year.
You may face fines, fees for filing your taxes late, and credit problems. Therefore, it is important to submit them on time.
Yes, there are many online options available to help you prepare and file your taxes, but if you prefer, one of our qualified agents can assist you with that process.
You are required to file federal and state taxes and pay taxes, if you: live in the United States, work, receive a salary and meet the requirements you must pay taxes by law.
Your immigration status is no reason not to comply with your obligation to file a tax return. If you fail to comply with this obligation, you are exposed to civil and criminal fines and penalties.
ITIN (Personal Taxpayer Identification Number) is a tax identification number provided by the United States Internal Revenue Service (IRS). It is a nine-digit number that always starts with the number 9 and includes a 7 or 8 as the fourth digit, for example: 9xx-7x-xxxx. It is used for tax purposes only.
An LLC (Limited Liability Company) is a type of business structure in the United States that combines the aspects of a corporation and a partnership. It offers its owners, also known as “members”, the limitation of liability found in a corporation, meaning that members are not personally responsible for the company's debts or obligations. In addition, an LLC allows members to report their income and losses on their personal tax returns, as they would with a corporation. They also offer flexibility in management and decision-making, as members can agree on any ownership structure and income distribution they want, as long as they comply with applicable tax and business laws.
If you don't have income, you generally don't need to file a tax return, but there are some exceptions.
You can obtain a tax identification through the U.S. Internal Revenue Service (IRS). Department of State or the corresponding tax agency in your country of residence.
You can file your taxes yourself or hire a professional.
The tax deductions and credits you can claim will depend on your individual tax situation.
You can get an extension to file your taxes, but you must do so before the filing deadline.
You can correct an error in your filed tax return through a tax amendment.
To avoid a tax audit, it's important to be accurate and complete in your tax return and to keep accurate and complete records of your income and expenses.
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NOTE: We can provide information and answers to general questions, but we don't have access to personalized or specific information about a particular person's taxes. Therefore, the answers to specific questions about tax preparation will vary depending on each person's individual situation and we always recommend seeking the help of a professional.