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Tax Resources

Why Taxology?
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Fast, Accurate, Reliable, Easy, and Secure. These are just a few of the compliments we recieve every year from our clients. We want to provide a vast array of business knowledge and expertise to help you and your family financially succeed. We tap into over two combined decades of tax, financial planning, and insurance expierience to reinforce what services and products we offer to you, your family, and your business.

 

Please review some of the valuable information below regarding your tax situation:

Should I itemize or use the standard deduction?

It depends. Choose the method that results in the largest deduction for you.

The value of your itemized deductions might be more than the amount you'll receive as a standard deduction. If so, you should probably itemize. If you’re subject to Alternative Minimum Tax (AMT), you might want to itemize even if the standard deduction is more.

Otherwise, it's usually better to claim the standard deduction. Don't forget to take the state's tax results into consideration when making your choice.

 

If I claim the standard deduction, can I deduct charitable donations?

No. You can only claim charitable donations by itemizing your deductions.

 

How long does it take to get my refund?

We always recommend you file electronic via Efile, which provide at no extra charge. Most clients recieve their refund in 1-3 weeks. If there is a delaw we will help you contact the IRS to see if there are any outstanding issues or money owed.

 

Am I covered if I get audited?

Yes. We offer free one-on-one audit guidance year-round from our experienced and knowledgeable tax staff. We'll let you know what to expect and how to prepare in the unlikely event you receive an audit letter from the IRS.

If you've already received a letter from the IRS for a return you filed with us, please contact us today to receive FREE step–by–step audit guidance and the option to connect with an expert.

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