A&I Financials Tax Services
How To Choose A Tax Advisor?
When selecting a tax advisor, it’s crucial to consider their expertise and credentials. A good tax advisor should be a certified public accountant (CPA) or a tax professional who specializes in taxes. Ensure they have a valid Preparer Tax Identification Number (PTIN) and meet educational requirements. Ideally, they should be part of a professional organization or annual filing season program.
A&I Financials stands out in this regard. Our team of certified public accountants and tax experts is equipped with the latest tax software and knowledge to handle your federal tax return efficiently. Trust us to offer personalized tax advice and prepare tax returns that reflect your unique tax situation, ensuring compliance and maximization of benefits. You can count on us for quality tax services tailored to your needs.
Costs of the Most Common Filings :
Individuals
Includes married filing jointly-
W2s
-
1099s
-
Miscellaneous
Businesses
For a single entity-
Federal tax returns
-
State tax returns
-
Miscellaneous
Tax Deductions Guide
Navigating tax deductions can be overwhelming but with our assistance they can significantly reduce your tax liability. From charitable donations to contributions to a traditional IRA, understanding what deductible expenses apply to you is key. For instance, educator expenses or student loan interest deductions could be crucial, depending on your filing status.
At A&I Financials, we simplify this process. Our experts proficiently handle itemized deductions and tax credits, ensuring you benefit from every eligible deduction like state and local taxes or American Opportunity Tax Credit. This tax season, let us maximize your tax refund by expertly managing your deductions and credits, tailored to your financial scenario. Tax filing becomes an opportunity for savings when you work with us.
Small Business Tax Tips
Tax time can be daunting for small business owners, but understanding tax tips like utilizing bonus depreciation, setting up a retirement plan, and keeping accurate records can significantly reduce your tax liability. For a sole proprietorship, consider a separate bank account and credit card for your business to simplify tax preparation.
A&I Financials specializes in small business taxes. We guide you through small business tax deductions, including the home office deduction, ensuring your tax bill reflects the most advantageous outcome for your business. Our tax professionals stay updated on all regulations, making tax filing smooth and beneficial for you. If you select us, you will be choosing financial savvy and stress free tax filings.
What Our Customers Have to Say
Online Tax Filing Services
Online tax filing services offer a convenient way to file your federal and state tax returns from the comfort of your home. With options like refund transfer and professional tax advice, these services simplify the tax filing process.
A&I Financials elevates this experience by combining top-notch customer service with expert knowledge. Our services allow you to file online, ensuring accuracy in tax forms and maximizing your refund amount. Whether it’s your federal tax return or state returns, we tailor our products and services to your specific tax situation, striving for the maximum refund with no additional fees. Trust us to make filing your return seamless and efficient, so you receive your refund promptly.
IRS Audit Support Services
Facing an IRS audit can be intimidating, but with the right support, it becomes manageable. Updated as of October 24, 2023, IRS Audit Support Services include assistance from certified public accountants and attorneys, providing guidance through audits, appeals, and tax collection issues.
A&I Financials excels in this area, offering comprehensive support for taxpayers in audits. Our team is well-versed in navigating the complexities of the United States Tax Court and can request conferences on your behalf, ensuring you have additional time and resources to address any tax problem effectively.
With our services, you receive expert assistance, eliminating the stress often associated with tax returns audits and other communications with the IRS. Every step of the way, you can count on seamless & reliable guidance from us.
FAQ
Most frequent questions and answers
April 15th
April 15th, residents of Maine & Massachusetts have until April 17th.
The IRS started accepting 2023 tax filings from January 29th, 2024.
$13,850 for single filers and $27,700 for those married filing jointly.
The IRS issues more than 9 out of 10 refunds in less than 21 days.
April 15th.
September 16, 2024: Partnership and S corp tax deadlines. October 15, 2024: Individual, sole proprietorship, and C corp filing deadline.
Absolutely, better to file now than never. Not filing can cause further problems with the IRS including penalties and interest.
There can be many reasons, increased income without increased withholding, changes in dependents, change in filing status etc. If in doubt, consult a tax professional.
The Failure to File penalty is 5% of the unpaid taxes for each month or part of a month that a tax return is late. The penalty won’t exceed 25% of your unpaid taxes.
Beyond penalties and interest the IRS can enforce tax liens against your property or even pursue civil or criminal litigation against you until you pay.
3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return. Keep records for 7 years if you file a claim for a loss from worthless securities or bad debt deduction.