Wink Inc. Enrolled Agents | 2701 Troy Center Dr, Ste 255 | Troy | Michigan | 48084 | Tel: 248-816-1220 | 800-276-8319
Wink Inc. Enrolled Agents America’s Tax Experts
Wink Tax Services
FAQ

Are There Deadlines for Filing Tax Returns ?

Yes there are many deadlines and some dates can be extended but many cannot be. Some common deadlines are: Form W-2 and 1099 Information forms - Must be mailed out by January 31st. 1099 Information form for investments, 1099-D, 1099-B - Mailed out by February 15th. Business Returns such as Form 1120, 1120-S - Due March 15th. o Can be extended to September 15th. but one must file an extension by March 15th. Individual Returns such as Form 1040 - Due April 15th, most years. o Can be extended to October 15th. but one must file an extension by April 15th. FBAR - Foreign Bank and Financial Accounts (FinCEN 114) reports due April 15th, most years. RMD - Required Minimum Distributions - April 1st of the year following age 70.5 Why Should I Hire a Tax Preparer ? Very few people actually enjoy filing their own taxes. Even with the help of computer software programs, there is still a risk in understanding the complexities of our ever expanding tax system. In 1913 the first IRS Form 1040 was 1 page with 3 pages of instructions. According to Wolters Kluwer publishers of CCH the industry’s tax complation total 74,608 pages as of 2014. In 2017 President Trump Signed into law another 1097 pages of changes with HR 1. The risk of running into problems still exists. In addition, computer software programs are not formulated to take into account your unique situation. Why risk answering a question wrong. We know the right questions. We are prepared, trained, and licensed with the IRS to take on complex tax issues. What is an FBAR ? An FBAR is short for Report of Foreign Bank and Financial Accounts also known as Form 114 which is filed with FinCEN - Financial Crimes Enforcement Network, a part of the US Department of Treasury but seperate from the IRS. Why Should I keep good accounting records ? The number one reason business’s fail is failure to keep accurate financial records. Your business idea, concept, structure, personel, location can all be excellent but with out good accounting a business will fail. What is an ITIN (IRS Individual Taxpayer Identification Number) ? An ITIN is a nine digit number issued by the U.S. Internal Revenue Service (IRS) to individuals who are required for U.S. federal tax purposes to have a U.S. taxpayer identification number but are NOT eligible to get a U.S. Social Security number (SSN). What is a Certified Acceptance Agent ? A Certified Acceptance Agent is a person or an entity (business or organization) who, pursuant to a written agreement with the IRS, is authorized to assist individuals and other foreign persons who do not qualify for a Social Security Number but who still need a Taxpayer Identification Number (TIN). A Certifed Acceptance Agent can certify original identy documents so that original documents do need to be sent to the IRS in most cases. The Certified Acceptance Agent issues a Certificate of Accuracy (COA) for the submitted documents. Note who cannot issue a Certificate of Accuracy (COA): 1. An Acceptance Agent (AA) cannot issue a Certificate of Accuracy - original documents must still be submited to the IRS. 2. A Certified Public Accountant (CPA) cannot issue a Certificate of Accuracy - original documents must still be submited to the IRS. 3. A Enrolled Agent (EA) cannot issue a Certificate of Accuracy - original documents must still be submited to the IRS. 4. A Notary Public cannot issue a Certificate of Accuracy - original documents must still be submited to the IRS.
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Wink Inc. Enrolled Agents | 2701 Troy Center Dr, Ste 255 | Troy | Michigan | 48084 | Tel: 248-816-1220 | 800-276-8319
Wink Inc. Enrolled Agents America’s Tax Experts
Wink Tax Services
FAQ

Are There Deadlines for Filing Tax Returns ?

Yes there are many deadlines and some dates can be extended but many cannot be. Some common deadlines are: Form W-2 and 1099 Information forms - Must be mailed out by January 31st. 1099 Information form for investments, 1099-D, 1099-B - Mailed out by February 15th. Business Returns such as Form 1120, 1120-S - Due March 15th. o Can be extended to September 15th. but one must file an extension by March 15th. Individual Returns such as Form 1040 - Due April 15th, most years. o Can be extended to October 15th. but one must file an extension by April 15th. FBAR - Foreign Bank and Financial Accounts (FinCEN 114) reports due April 15th, most years. RMD - Required Minimum Distributions - April 1st of the year following age 70.5 Why Should I Hire a Tax Preparer ? Very few people actually enjoy filing their own taxes. Even with the help of computer software programs, there is still a risk in understanding the complexities of our ever expanding tax system. In 1913 the first IRS Form 1040 was 1 page with 3 pages of instructions. According to Wolters Kluwer publishers of CCH the industry’s tax complation total 74,608 pages as of 2014. In 2017 President Trump Signed into law another 1097 pages of changes with HR 1. The risk of running into problems still exists. In addition, computer software programs are not formulated to take into account your unique situation. Why risk answering a question wrong. We know the right questions. We are prepared, trained, and licensed with the IRS to take on complex tax issues. What is an FBAR ? An FBAR is short for Report of Foreign Bank and Financial Accounts also known as Form 114 which is filed with FinCEN - Financial Crimes Enforcement Network, a part of the US Department of Treasury but seperate from the IRS. Why Should I keep good accounting records ? The number one reason business’s fail is failure to keep accurate financial records. Your business idea, concept, structure, personel, location can all be excellent but with out good accounting a business will fail. What is an ITIN (IRS Individual Taxpayer Identification Number) ? An ITIN is a nine digit number issued by the U.S. Internal Revenue Service (IRS) to individuals who are required for U.S. federal tax purposes to have a U.S. taxpayer identification number but are NOT eligible to get a U.S. Social Security number (SSN). What is a Certified Acceptance Agent ? A Certified Acceptance Agent is a person or an entity (business or organization) who, pursuant to a written agreement with the IRS, is authorized to assist individuals and other foreign persons who do not qualify for a Social Security Number but who still need a Taxpayer Identification Number (TIN). A Certifed Acceptance Agent can certify original identy documents so that original documents do need to be sent to the IRS in most cases. The Certified Acceptance Agent issues a Certificate of Accuracy (COA) for the submitted documents. Note who cannot issue a Certificate of Accuracy (COA): 1. An Acceptance Agent (AA) cannot issue a Certificate of Accuracy - original documents must still be submited to the IRS. 2. A Certified Public Accountant (CPA) cannot issue a Certificate of Accuracy - original documents must still be submited to the IRS. 3. A Enrolled Agent (EA) cannot issue a Certificate of Accuracy - original documents must still be submited to the IRS. 4. A Notary Public cannot issue a Certificate of Accuracy - original documents must still be submited to the IRS.
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