Frequently asked questions

Most tax refunds arrive within 4-6 weeks after the IRS accepts your tax return. You should contact your tax professional if it has been longer than six weeks. However, there are some rules that most Americans need to learn. First, suppose you expect to receive any refundable tax credits, most commonly known as child tax credits, earned income credits, or American opportunity tax credits. In that case, your refund will be processed in mid-February. This is because it is illegal for them to do so. To find out if the IRS has processed your refund click here: Where is My Refund? (https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp)

The qualifications for being a dependent will be different from year to year. The best way to answer this question is through professional bookkeeping and tax services, so contact us (https://www.wwctaxes.com/contact-us)today. You can also check on the IRS website here:: Dependent tool (https://www.irs.gov/help/ita/does-my-childdependent-qualify-for-the-child-tax-credit-or-the-credit-for-other-dependents)

The requirements for filing an income tax return will be different from year to year. The safest way to be sure is to contact a trusted tax pro. (https://www.wwctaxes.com/contact-us)You can also check on the IRS website here: filing requirements tool (https://www.irs.gov/filing/individuals/who-should-file)

Past-year forms and software can be hard to find. Yes, we can file any tax year. (Remember, the IRS limits what years can be filed electronically.)

This takes us back to filing requirements. Using this tool, you can see if they are required to file an income tax return. To be on the safe side, contact us.(https://www.wwctaxes.com/contact-us).

Yes, we can help you. At Whitfield-Watkins, we handle all kinds of capital gains taxes and even offer small business tax advice. But we may send you toKoinly (https://koinly.io/)for the proper reporting documents.

You call us! (https://www.wwctaxes.com/contact-us) When you receive a W-2G from the casino, this sparks a taxable event. The worst part is the casino also sent a copy of that to the IRS to let them know how to find you and who to contact for the taxes on those winnings. We can often help individuals avoid high tax bills on these winnings. In most cases, we see refunds. To prevent an inconvenient tax audit, c(https://www.wwctaxes.com/contact-us)ontact us now!(https://www.wwctaxes.com/contact-us)

Yes, we can file your amendment even though we did not file your original tax return.

Absolutely! However, most Americans must be aware that unemployment benefits are usually taxable. The problem is that unemployment withholding is not required. Therefore, most individuals can get in trouble with the IRS during these often-difficult times. Contact us today,(https://www.wwctaxes.com/contact-us) and we can help lower the amounts you owe the IRS.

No, the gifts are usually not taxable to the recipient when received, but they can be taxable when they are sold.

Yes, it is the responsibility of the giver to pay taxes on the gift. However, you should contact us (https://www.wwctaxes.com/contact-us)to see if we can help you avoid this gift tax. There are many loopholes that we know about.

Maybe! Inheritance can be tricky. If the inheritance was money, then the answer is usually no. But that, too, is only some of the time. If the inheritance was not money, then it is most likely that it is taxable. The best approach is to consult a tax pro, socall us,(https://www.wwctaxes.com/contact-us) and we will listen to your situation and point you in the right direction.