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Tax Questions Answered
Can I check the status of my Federal or California State refund?
Yes you can! Simply click below to be directed to the proper site.
How to Choose the right preparer for your Tax Return
IRS Commissioner Doug Shulman advises "Taxpayers should protect themselves from unscrupulous preparers. There are some simple steps people can take to choose a reputable tax preparer."
The IRS offers these tips to keep in mind when picking your tax return preparer:
1. Be wary of tax preparers who claim they can obtain larger refunds than others.
2. Avoid tax preparers who base their fees on a percentage of the refund.
3. Use a reputable tax professional who signs the tax return and provides a copy.
4. Consider whether the individual or firm will be around months or years after the return has been filed to answer questions about the preparation of the tax return.
5. Check the person's credentials. Only enrolled agents, CPAs and attorneys can represent taxpayers before the IRS in all matters, including audits, collection and appeals. Other tax return preparers may only represent taxpayers for audits of returns they actually prepared.
6. Find out if the return preparer is affiliated with a professional organization that provides its members with continuing education and other resources and holds them to a code of ethics.
At Fulton Accounting, we have over 20 years of experience. As an Enrolled Agent and QuickBooks ProAdvisor, we participate in continuing education to keep up to date with the current tax laws and get you all of the deductions you deserve. We provide complete accounting and bookkeeping services for your business and prepare personal as well as business tax returns. Call or email us today to discuss your situation and for a free consultation.
You can get more information about choosing a tax return preparer and avoiding fraud by reading IRS Fact Sheet 2010-03, How to Choose a Tax Preparer and Avoid Tax Fraud.
I am not sure my taxes were correct in previous years, can I correct them?
So you’ve discovered an error or determined that you are entitled to a previously unclaimed credit or deduction after your tax return has been filed. Should you amend your tax return?
The IRS usually corrects math errors or requests missing forms – such as W-2s or schedules – when processing an original return. In these instances, the IRS recommends not to amend your return. However, you should file an amended return if any of the following were reported incorrectly:
Your filing status
Your dependents
Your total income
Your deductions or credits
If you owe additional taxes for previous years, you should file an amended return and pay the tax as soon as possible to limit interest and penalty charges. Interest is charged on any tax not paid by the due date of the original return, without regard to extensions. The sooner you take care of it, the less you owe!
Generally, to claim a refund, you must file within three years from the date you filed your original return. Contact me and I would be happy to discuss your particular situation with you.
I missed the deadline to file my taxes, Can you help?
So the deadline came and went for filing your taxes. Don't worry, I can help you get back on track and get you up to date with your taxes; personal, small business, or corporate. The key is to get your paperwork filed as soon as possible. Call me today and I will bring you up to date.
What is the new policy for withholding of state taxes in California?
You may notice that your net check is a few dollars lower this time.
Per the Franchise Tax Board, "Starting November 1, 2009, a new law (ABX4 17) requires the state wage withholding rates to be increased by 10 percent. This is not a new tax."
What this means is that beginning with this paycheck, you are having 10% more CA withholding taken out of your check. So, if you usually had $50.00 taken out as CA - Income Tax, it is now about $55.00 (the original $50 + 10% or $5).
This is being done in response to the "fiscal emergency declared by the Governor by proclamation issued on July 1, 2009" in an effort to raise more operating cash for the State of California. The increased withholdings are expected to continue indefinitely. You should receive this money back when you file your tax return in the form of lower tax due or as a refund. Accounting, Bookkeeping, Accountant, bookkeeper, income tax, taxes, billing, payroll
