Frequently Asked
QuestionsFrequently Asked
QuestionsFrequently Asked
Questions
Find clear answers to your most common questions about tax filing,
planning, compliance, bookkeeping, and financial services.Find clear answers to your most common questions about tax filing,
planning, compliance, bookkeeping, and financial services.Find clear answers to your most common questions about tax filing,
planning, compliance, bookkeeping, and financial services.
General Questions
WeDoTaxes offers professional support for U.S. individual and expatriate tax filing, business and entity tax preparation, IRS audit and tax resolution, ongoing tax planning, Controller & CFO consulting, and bookkeeping services.
If you need help preparing and filing tax returns, choose individual or business tax filing. If you need ongoing planning or advanced strategy, consider tax planning or CFO/Controller services. IRS notices or audits may require tax resolution support. Bookkeeping is for regular financial record-keeping.
U.S. citizens, resident aliens, and certain nonresidents must file a federal income tax return if their income meets IRS filing thresholds for the year; state filing requirements depend on residency and income sources.
Business taxes vary by entity type and activities; common examples include federal income tax, self-employment tax for sole proprietors and partners, payroll tax for employees, and state income or sales tax based on location and industry.
Entity choice affects tax treatment, filing requirements, liability, and deductions. A tax advisor analyzes income, ownership, growth goals, and tax implications to recommend an optimal structure.
Individuals and businesses that expect to owe tax generally must make quarterly estimated tax payments during the year to avoid underpayment penalties; these are calculated based on expected income and liabilities.
Notices can result from missing information, unexplained discrepancies, unpaid taxes, information reported by employers or banks, or verification requests. Responding promptly is important to prevent penalties.
Do not ignore it. Review the notice carefully and respond in a timely manner. If the notice involves complex issues or you're unsure how to respond, engage a CPA or enrolled agent to handle the matter.
An Offer in Compromise is an IRS program allowing eligible taxpayers to settle a tax debt for less than the full amount owed if specific criteria (e.g., inability to pay the full amount) are met.
Fractional Controller and CFO services provide part-time or flexible executive-level financial leadership, including reporting oversight, budgeting, forecasting, and strategic planning, ideal for businesses that need leadership but not a full-time hire.
Ongoing tax planning involves reviewing your financial situation throughout the year to identify strategies that legally minimize your tax liability and align with changes in your income or the tax code.
Bookkeeping is the ongoing recording and organization of financial transactions and records; tax preparation uses those records to complete returns and reporting. Accurate bookkeeping supports compliance and better tax outcomes.
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with specific concerns or situations that go beyond
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