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FAQs

  • How can I manage my Box Folder?
    Accessing Your Box Folder: You will receive an email invitation to access your dedicated Box folder. Follow these steps for a seamless process: 1. Click on the provided link in the invitation to create or log in to your Box account associated with our company. 2. After hitting the "accept" button on the invitation, you should navigate to "sign up." It's essential to create a "personal" account, which is free, and not a "business" account, which is NOT free. * If you see "pending" when accepting the invitation, please note that new Box invitees need to create an account. Uploading Documents: Once logged in, managing your Box Folder is straightforward: 1. To add documents, simply drag and drop files from your computer into the respective folders 2. Alternatively, you can upload files by clicking the "Upload" button within the Box interface. Following these steps ensures a smooth process for accessing and managing your documents within the Box Folder associated with our company.
  • Where can I find my official financial transcripts?
    1. Visit the IRS Website: Open your web browser and go to the official IRS website: IRS.gov. 2. Navigate to "Get Transcript": On the IRS homepage, locate the "Tools" section. Within this section, find and click on the option labeled "Get Transcript." 3. Access the "Get Transcript" Tool: You'll be redirected to the "Get Transcript" tool page. Here, you have options for obtaining different types of transcripts. Click on the Get Transcript Online Blue Box 4. Login: Log in with your ID.me account and verify your identity with the two-step authenticator of your choice. 5. Choose Transcript Type: Select the type of transcript you need. Options may include "Tax Return Transcript" or "Account Transcript." Choose the one that suits your requirements. 6. View or Download Transcripts: You can view and download your transcripts immediately. The available formats are usually PDF or similar standard formats. 7. Save or Print (Optional): If you're viewing the transcripts online, you can save them to your device or print a hard copy for your records. 8. Logout Securely: After obtaining the transcripts, make sure to log out of your IRS account securely to protect your personal information. By following these steps, you should be able to easily find and obtain your official financial transcripts directly from the IRS website. Ensure that the information you provide matches the IRS records for a smooth and secure process.
  • How can I scan and digitize documents?
    Consider using dedicated scanning hardware or mobile apps that convert physical documents into digital files. Ensure the scanned documents are in standard formats like PDF or JPEG for easy management and accessibility Examples of software and apps: Adobe Scan CamScanner Microsoft Office Lens Notes App on iPhone Using the "Notes" App on iPhone: 1. Open the "Notes" app on your iPhone. 2. Create a new note or select an existing one. 3. Tap the camera icon within the note. 4. Select "Scan Documents." 5. Position your iPhone over the document, and it will automatically capture the image or tap the shutter button to scan the photo. 6. Adjust the corners if necessary, then tap "Keep Scan." 7. Continue scanning additional pages or tap "Save" to store the scanned document in the note. Now, you can easily manage and access your scanned documents directly from the "Notes" app on your iPhone.
  • What payment methods does the IRS accept?
    The IRS accepts various payment methods for tax purposes, including electronic payments, checks, money orders, and credit/debit cards. For a detailed guide outlining these IRS payment methods and their respective procedures, visit the IRS website's Payment Options section. There, you'll find comprehensive information on each method, their requirements, and steps to make payments securely and efficiently. Access the information here. Familiarizing yourself with these options ensures you can fulfill your tax obligations using the most suitable and convenient method for your circumstances.
  • What documents do I need to gather for my Individual Tax Filing?
    Gathering documents for your individual tax filing involves collecting essential records to ensure accuracy and compliance. Here's a comprehensive list along with information on where to find them: 1. Social Security Numbers (SSNs): Where to find: Typically on your Social Security card. 2. Proof of Identity: Where to find: Valid photo identification such as your driver's license or passport. 3. W-2 Forms: Where to find: Provided by your employer, usually in January. Check your mailbox or employee portal. 4. 1099s (e.g., 1099-INT, 1099-DIV, 1099-G, etc.): Where to find: Issued by banks, investment firms, or other payers. Look for them in your online accounts or by mail. 5. Receipts for Deductions: Where to find: Gather evidence for deductible expenses like charitable donations, mortgage interest, medical expenses, and educational expenses. Check your email, bank statements, or receipt folders. 6. Investment Statements: Where to find: Provided by your investment broker or financial institution. Access them online or request copies. 7. Property Documents: Where to find: Documents associated with property transactions, such as buying or selling a home, can be found in your real estate files or with your mortgage lender. 8. Health Savings Account (HSA) Records: Where to find: Statements from your HSA provider. Access them online or contact your HSA administrator. 9. Education Expenses: Where to find: Records of tuition fees, student loan interest payments, or educational expenses can be found in statements from educational institutions or loan providers. 10. Additional Income Sources: Where to find: Gather information on any other income sources, such as freelance work, rental income, or earnings from side jobs, from relevant contracts, invoices, or financial records. 11. Previous Year's Tax Return: Where to find: If you filed electronically, you can often access previous returns through your tax software account. If you have a physical copy, it is typically stored with your important documents. Ensuring you have these documents readily available will streamline the tax filing process.
  • What necessary documents do I need for my business tax returns?
    Compiling the necessary documents for business tax returns is crucial for accurate reporting. Here's a comprehensive checklist you should take into account: 1. Income Documents: Profit & Loss Statement (P&L): Summarizes revenue, expenses, and profits over a specific period. Balance Sheet: Shows the company's financial position, including assets, liabilities, and equity. Sales Records: Invoices, receipts, or sales records documenting income. Bank Statements: Showing business transactions, deposits, and withdrawals. 2. Expense Records: Receipts and Invoices: Supporting documentation for business expenses (e.g., office supplies, rent, utilities). Payroll Records: Detailing employee compensation, taxes, benefits, and withholdings. Asset Purchases: Records of equipment, property, or vehicle purchases with depreciation details. 3. Tax Forms: Form 1099s: If applicable, forms showing payments to contractors or freelancers. Form W-2s: Detailing employee wages and taxes withheld. Form 941: Quarterly federal tax return for employment taxes. Form 940: Annual federal unemployment tax return. 4. Entity-Specific Documents: Partnership Agreements or LLC Operating Agreements: For partnerships or LLCs. Corporate Resolutions or Meeting Minutes: For corporations, documenting important decisions. 5. Legal and Compliance Documents: Business Licenses and Permits: Ensuring compliance with local regulations. Federal Employer Identification Number (EIN) Documentation: Confirmation of the business's unique identifier for tax purposes. State and Federal Tax ID Numbers: If different from the EIN. 6. Miscellaneous Records: Home Office Deduction Records: If claiming deductions for a home office. Travel and Entertainment Records: For business-related travel, meals, and entertainment expenses. Charitable Contributions: Documentation for any business-related donations. 7. Previous Year's Tax Return: Having last year's return can provide essential information and aid in year-to-year comparisons.
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