Frequently asked questions

Aragon Tax Return Services specializes in a wide range of tax-related services, including:

• Personal and business tax preparation

• Tax planning and strategy

• IRS representation and tax dispute resolution

• Tax credit and deduction optimization

• Bookkeeping and financial statement preparation

• Payroll services

Getting started is easy! You can contact us via phone, email, or our website to schedule a consultation. During this initial meeting, we will discuss your needs, provide information about our services, and outline the next steps.

To ensure accurate tax preparation, please provide:

• Personal identification (e.g., driver’s license, Social Security Number)

• W-2 forms from employers

• 1099 forms for other income

• Documentation of deductions (e.g., mortgage interest, medical expenses)

• Previous year’s tax return

• Any other relevant financial documents

At Aragon Tax Return Services, we prioritize the security and confidentiality of your information. We use advanced encryption and secure systems to protect your data, and our staff is trained to handle your information with the utmost care and confidentiality.

Our pricing depends on the complexity of the services required. We offer transparent pricing with no hidden fees. During your initial consultation, we will provide a detailed estimate based on your specific needs.

The timeline for tax preparation varies based on the complexity of your tax situation and the volume of documents provided. Generally, we aim to complete tax returns within a few hours or days after receiving all necessary documentation. We will keep you updated on the progress of your return.

If you receive an IRS audit notice, contact us immediately. Our team has experience in handling audits and will work with you to gather the necessary documentation, respond to IRS inquiries, and represent your interests throughout the process.

Yes, we can help with amending previous tax returns. If you believe there were errors or omissions in your prior returns, contact us to discuss the necessary steps for filing an amendment and correcting any issues.

Absolutely. We offer year-round support for all your tax needs, including tax planning, answering questions, and addressing any issues that may arise after filing your return.

You can reach us via:

• Online Contact Form: www.aragontaxreturnservices.com/contact

Our team is here to assist you with any additional questions or support you may need.

Individuals: Common deductions include mortgage interest, student loan interest, charitable contributions, and medical expenses. Tax credits you might be eligible for include the Earned Income Tax Credit (EITC), Child Tax Credit, and education credits.

Businesses: Common deductions include business expenses such as office supplies, travel, and utilities. Tax credits might include the Research and Development (R&D) Credit and credits for hiring certain types of employees.

Individuals: The standard deadline is April 15th. If it falls on a weekend or holiday, it may be extended to the next business day.

Businesses: The deadline for business tax returns varies depending on the business structure (e.g., sole proprietorships, partnerships, corporations). Typically, business returns are due on March 15th for partnerships and S corporations, and April 15th for C corporations.

If you can’t file your tax return by the deadline, you can request an extension. Individuals can file Form 4868 to get an automatic six-month extension. Businesses need to file Form 7004. However, an extension to file is not an extension to pay any taxes owed, so you should estimate and pay any taxes due to avoid penalties and interest.

To avoid penalties:

• File your tax return on time, or request an extension if needed.

• Pay any taxes owed by the due date.

• Ensure all income is accurately reported and deductions are legitimate.

• Keep accurate records and documentation.

If you realize there was an error on your tax return, you should file an amended return using Form 1040-X. This allows you to correct mistakes and potentially receive a refund or adjust any amounts owed.

You can check the status of your tax refund using the IRS “Where’s My Refund?” tool on their website or by calling the IRS refund hotline. Make sure you have your Social Security Number, filing status, and the exact amount of your refund handy.

Keep copies of your tax returns and supporting documents for at least three years. This includes W-2s, 1099s, receipts for deductions, and any correspondence with the IRS.

Yes, you can deduct home office expenses if you use part of your home exclusively and regularly for business. This includes a portion of rent or mortgage interest, utilities, and other home-related expenses. Ensure you meet IRS requirements for a home office deduction.

Business income is subject to different tax rules than personal income. For example, businesses can deduct business expenses, while personal deductions are more limited. Additionally, businesses may need to pay self-employment taxes, and income might be subject to different rates depending on the business structure.

The sale of assets may trigger capital gains taxes. The tax rate depends on how long you’ve held the asset (short-term vs. long-term) and your overall income. You may also be eligible for deductions or exclusions, such as the primary residence exclusion for property.