F.A.Q
Effortless Tax Solutions for Peace of Mind
01.
What documents do I need to bring for tax preparation?
To prepare your taxes accurately, please bring the following documents:
- Previous year’s tax returns
- W-2 forms (for income from employment)
- 1099 forms (for other income sources)
- Mortgage interest statements
- Proof of income and deductible expenses
- Social Security numbers for dependents
- Receipts for charitable donations
- Any other relevant financial documents

02.
How long does it take to prepare my tax return?
The time it takes to prepare a tax return depends on the complexity of your financial situation. For straightforward returns, it may take just a few hours. More complex returns, including business filings or multiple deductions, may take a few days. We strive to prepare and file your return as efficiently as possible.

03.
What is the difference between tax preparation and tax planning?
Tax Preparation involves compiling and filing your tax returns to ensure compliance with federal, state, and local tax laws.
Tax Planning, on the other hand, is a forward-looking strategy that focuses on reducing future tax liabilities through proper planning, such as utilizing deductions and credits effectively.

04.
What are the fees for your tax services??
Our fees vary based on the complexity of the tax return and the services required. We offer transparent pricing and will provide you with an estimate during the initial consultation. You can contact us for more detailed pricing information specific to your situation.

05.
Can I still file taxes if I missed the deadline?
Yes, you can file taxes after the deadline. However, you may incur penalties and interest on any unpaid taxes. It’s important to file as soon as possible to minimize penalties. We can assist you in filing late returns and help reduce the penalties where applicable.

06.
How can I track the status of my tax refund?
You can track the status of your federal tax refund using the IRS “Where’s My Refund?” tool on their website or through the IRS2Go mobile app. For state tax refunds, visit your state’s tax authority website for specific tracking information.

08.
What qualifies as a deductible expense?
Deductible expenses can vary depending on your income and employment situation. Common deductible expenses include:
- Charitable donations
- Medical expenses
- Mortgage interest
- Business expenses (for self-employed individuals)
- Education expenses
- Retirement contributions
We will help identify all applicable deductions to maximize your return.

07.
What if I receive a letter from the IRS or state tax authority?
If you receive a notice or letter from the IRS or state tax authority, don’t panic. Contact us immediately, and we will review the letter with you, explain what it means, and help you respond appropriately to resolve the issue.

09.
Do you offer services for small businesses?
Yes, CDP Tax Services LLC offers tax preparation and advisory services for small businesses. This includes business tax filings, assistance with payroll taxes, quarterly estimates, and year-round tax planning strategies to minimize tax liabilities.