FREQUENTLY ASKED QUESTIONS

This page is for help in finding information related to tax preparation. Nothing on this page is intended to provide tax advice, nor is it an offer for services.  

DO I HAVE TO FILE AN INCOME TAX RETURN THIS YEAR?

If you think you may not need to file a tax return this year go to https://www.irs.gov/help/ita/do-i-need-to-file-a-tax-return in order to determine your filing requirement. Keep in mind, even if you don't need to file a tax return, there may be benefits to filing. Contact Holden Accounting Services, LLC to see if filing an unrequired return is in your best interest.  

HOW LONG SHOULD I KEEP MY TAX RECORDS?

According to the IRS, the minimum amount of time you should keep your tax related records is 3 years, with additional requirements up to 7 years and in some cases even longer. Visit

 https://www.irs.gov/businesses/small-businesses-self-employed/how-long-should-i-keep-records to see how long you should be keeping your records. 

I LOST LAST YEARS COMPLETED TAX RETURN. HOW DO I GET A COPY?

If you self filed, your tax software company may retain a digital copy of your return. If you engaged services through a company, your Tax Preparer may also have a copy. The IRS also offers transcripts of previous tax returns. You may be able retrieve a copy by going to  https://www.irs.gov/individuals/get-transcript  

WHAT ARE YOUR SERVICE FEES?

Holden Accounting Services, LLC strives to provide fast, accurate, and of course affordable services to all of our clients. Our Service fees vary based on the complexity of your needs. Our Tax, Accounting, Bookkeeping, and Payroll services are very competitive. Contact Holden Accounting Services, LLC to see how we can help you today. 

WHERES MY REFUND?

The IRS issues more than 9 out of 10 refunds in less than 21 days. However, it’s possible your tax return may require additional review and take longer. Where’s My Refund? has the most up to date information available about your refund. Go to https://www.irs.gov/refunds to check on your refund. 

WHAT ARE THE BIG TAX CHANGES THIS YEAR?

Some years bring more tax changes than others, this year definitely brought more. For recent changes to this years tax returns for Individuals go to:

https://www.irs.gov/forms-pubs/about-form-1040

For changes to this years business tax requirements go to:

https://www.irs.gov/forms-pubs/about-publication-15   

This is not a complete list of changes. Additional changes are enacted regularly, for more information contact Holden Accounting Services, LLC for a tax consult today. 

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