tailored, professional, and reliable
Tax Returns
Our dedicated team is committed to providing tailored, professional, and reliable tax return services that help you achieve the best possible tax outcomes.
By partnering with Fernandez CPA Firm, you gain access to a wealth of expertise and personalized solutions designed to optimize your tax filings. Whether you need assistance with individual or business tax returns, audit support, or specialized tax services, our team is here to support you every step of the way.
Of life’s two certainties, the only one for which you can get an automatic extension.
– Anonymous
Accurate Tax Return Preparation
Maximizing Your Refund, Ensuring Compliance
Essential For Effective Tax Planning
Your Path to Financial Prosperity
Get A Free Consultation
Your Path to Financial Prosperity
Get A Free Consultation
Individual and business tax returns including:
Business Tax Returns
Individual Tax Returns
Audit Support and Representation
Tax Planning and Consultation
Filing Amendments
Multi-State Tax Returns
Estate and Trust Tax Returns
Non-Resident and Expatriate Tax Services
Frequently Asked Questions About Tax Returns
1. What documents do I need to prepare my tax return?
To prepare your tax return, you need various documents, including W-2 forms from employers, 1099 forms for additional income, mortgage interest statements (Form 1098), records of charitable donations, and receipts for deductible expenses.
Keeping organized records throughout the year ensures a smooth tax preparation process.
2. How can I maximize my tax refund?
Maximizing your tax refund involves claiming all eligible deductions and credits. This includes deductions for mortgage interest, student loan interest, and charitable contributions, as well as credits for education, child care, and energy-efficient home improvements.
Consulting with a tax professional can help identify additional opportunities to increase your refund.
3. What should I do if I owe taxes and can't afford to pay them?
If you owe taxes and can’t afford to pay, you have several options. You can set up an installment agreement with the IRS to pay your tax debt over time.
Alternatively, you may qualify for an Offer in Compromise (OIC) to settle your debt for less than the full amount. A tax professional can help determine the best solution and negotiate with the IRS on your behalf.
4. How can I avoid common tax filing mistakes?
Common tax filing mistakes include incorrect Social Security numbers, misspelled names, and missing signatures. Double-checking all information and using tax software or a professional preparer can help avoid these errors.
Additionally, ensure all income is reported accurately and all deductions and credits are correctly claimed .
5. What should I do if I receive an IRS audit notice?
If you receive an IRS audit notice, it’s important to respond promptly and accurately. Gather all requested documentation and consider consulting with a tax professional to help prepare your response and represent you during the audit.
Proper preparation and expert support can help resolve the audit efficiently and favorably.
6. Can you help with multi-state tax returns?
Yes, we have expertise in preparing multi-state tax returns for individuals and businesses operating in multiple states.
We ensure compliance with varying state tax laws and regulations, helping you navigate complex multi-state tax issues and optimize your tax filings.
7. How do you handle tax returns for non-residents and expatriates?
We provide specialized tax preparation services for non-resident aliens and U.S. expatriates. This includes navigating international tax laws, ensuring compliance with U.S. tax obligations, and optimizing tax outcomes based on your specific circumstances.
8. What are the benefits of filing an amended tax return?
Filing an amended tax return allows you to correct errors on previously filed returns and claim missed deductions or credits. This can result in additional refunds or reduced tax liabilities.
Ensuring accuracy and compliance with updated information helps maintain your financial integrity and optimize your tax outcomes.
9. How do you ensure the accuracy of tax returns?
We ensure the accuracy of tax returns through meticulous preparation, thorough review processes, and up-to-date knowledge of tax laws and regulations.
Our experienced team double-checks all information and uses advanced tax software to minimize errors and maximize compliance.
10. What should I look for in a tax preparer?
When choosing a tax preparer, consider their credentials, experience, and reputation. Look for CPAs or Enrolled Agents with extensive tax knowledge and a track record of accurate and compliant tax preparation.
Additionally, ensure they offer personalized service and are available to address any questions or concerns you may have.
11. How can tax planning services help reduce my tax liabilities?
Tax planning services help reduce tax liabilities by proactively identifying opportunities for deductions, credits, and other tax-saving strategies.
Regular consultations with a tax professional can help you adapt to changes in tax laws and financial circumstances, ensuring you optimize your tax outcomes throughout the year.
12. What is the process for filing a corporate tax return?
Filing a corporate tax return involves gathering financial statements, income records, and expense documentation. We prepare the return, ensuring all deductions and credits are claimed and compliance with tax regulations.
Regular consultations and strategic planning help optimize your corporate tax filings and minimize liabilities.
13. How do you handle IRS notices and audit representation?
We provide comprehensive support for IRS notices and audits, including preparing necessary documentation, responding to IRS inquiries, and representing you during the audit process.
Our goal is to resolve tax issues efficiently and favorably, ensuring your rights are protected and your tax filings are accurate.
14. How do you ensure compliance with changing tax laws?
We stay informed about changes in tax laws and regulations through continuous education and professional development.
This ensures that our tax preparation and planning services are always up-to-date and compliant, helping you avoid penalties and optimize your tax outcomes.
15. What are the benefits of using a CPA for tax preparation?
Using a CPA for tax preparation ensures that your tax return is prepared accurately and in compliance with current tax laws. CPAs have extensive training and experience, providing expert guidance and maximizing your tax refunds.
They can also represent you in case of an audit and offer strategic tax planning services to reduce your liabilities.
16. How can I protect my tax information from identity theft?
Identity theft is a significant concern when it comes to tax information. To protect your sensitive data, ensure you use secure methods for storing and transmitting your tax documents.
This includes using secure portals for digital submissions, keeping physical documents in a safe place, and shredding any paperwork that you no longer need. Additionally, monitor your credit report regularly and report any suspicious activity to the IRS immediately.
17. What should I do if I made a mistake on my tax return after filing?
If you realize that you made a mistake on your tax return after filing, you should file an amended return using Form 1040-X. Common reasons for filing an amended return include correcting income amounts, changing filing status, and claiming overlooked deductions or credits.
It is essential to address errors promptly to avoid penalties and interest. Consulting with a tax professional can help ensure that the amended return is accurate and submitted correctly .
18. How can tax return services help with planning for retirement?
Tax return services can play a crucial role in retirement planning by helping you understand the tax implications of different retirement savings options.
A tax professional can advise on the benefits of contributing to tax-advantaged retirement accounts such as IRAs and 401(k)s. They can also help you develop strategies for withdrawing retirement funds in a tax-efficient manner, ensuring you maximize your retirement income while minimizing tax liabilities.
Additionally, a tax professional can assist with required minimum distributions (RMDs) and other retirement-related tax issues.