Frequently Asked Questions
Income Tax Preparation
1. I work in the United States; Do I need to file an Income Tax Return?
Everyone who works in the United States must file an Income Tax Return, regardless if you are paid in cash or check and of your legal status.
2. I am not a homeowner, what documents do I need to file an Income Tax Return?
An I.D., Social Security Number or ITIN of yourself and of all of your dependents. Also, any and all W-2 forms, bank related forms, and/or any other income related forms.
3. I am a homeowner, what do I need to file an Income Tax Return?
An I.D., SSN or ITIN of yourself and of all of your dependents. Also, any and all W-2 forms, bank related forms, and/or any other income related forms. When you are a homeowner you can benefit from various deductions including:
- Medical / Dental Expenses (subject to 7.5% of your income)
- Medical / Dental Insurance (subject to 7.5% of your income)
- Cash Contributions (you must have a receipt)
- Other Contributions (clothes, furniture, toys, etc.)
- Sales Tax derived from every purchase during the year
- Property Taxes
- Real Estate Taxes
- Interests / Dividends
- ALL work related expenses not covered by your employer
4. Who can I claim on my Income Tax Return?
- Children under 19 years of age
- Children between the ages of 19 - 24 who are in school
- Family members whom you financially support more than 50%
- Others whom live in your house and you support more than 50%
- Family members who live in Mexico or Canada who you support more than 50%
5. I am married; do I have to file as Married Filing Jointly?
If you are married you only have two filing status options:
- Married Filling Jointly
- Married Filling Separately
- It is noteworthy to say that by filing an IncomeTax Return as Married Filling Separately, you will lose all child credits
6. I am married, but do not live with my spouse. How do I file my Income Tax Return?
If you live with and financially support your children you qualify to file as Head of Household. If you do not have children or they do not live with you and you do not support them, you must file as Married Filing Separate.
7. My child is now working; can I claim him/her on my Income Tax Return?
Yes, if they meet the criteria mentioned below:
- If your child is under 19, you may claim him/her regardless of their income.
- If your child is over 19 - 24 you can claim him/her if they are enrolled in school.
- If your child is over the age of 19 - 24, is not enrolled in school, but makes under $3,900.00
8. When is the Deadline to file my Income Tax Return?
April 15 of the calendar year. (If this is a Saturday or Sunday, an extension will be made to Monday or Tuesday)
9. What happens if I do not file my Tax Return on time?
If you are expecting a refund, there will be no penalty. However, if you owe money to the Federal Government there will be interest and penalty fees applied. Note: Generally most States, do apply late penalty fees.
10. I have already filed my Income Tax Return, but I did not include a form, what can I do?
The Federal Government allows you to submitted amended returns for the most recent 3 years. Also, you can receive a refund for the most recent 3 years.
W-7 - ITIN
1. I do not have a SSN how can I file my Income Tax Return?
As of January of 1996, the Department of Internal Revenue Service of IRS, allows people to obtain an ITIN number. (Please call us for an updated list of the requirements, as they are constantly changing.)