Follow Karen Linkedin Twitter Facebook
Email Karen Email
Financial
Feb 8, 2018

Advice for Filing 2017 Tax Returns

Sponsored Content provided by Karen Durda - President, Enrolled Agent, Century Accounting and Tax Services, Inc.

I'm going to step aside from the new tax laws for a moment and share what is happening with the 2017 tax returns that we professionals are doing right now.
 
Since Jan. 29, the IRS and most states began accepting tax returns via e-filing. Paper returns are also being accepted. And there are certain circumstances where papers must be filed; albeit, they are processed slower, as human hands are involved. 
 
However, not everyone who qualifies for a refund will receive their refunds quickly, even this early in the season, due to the IRS checks and balances for earned income credit, child credits and tuition credits.  Direct deposit will get you your refund faster than a mailed check.  However, please do not ask when you will get your refund because we have no control over how quickly your refund is issued.
 
If you choose to make an appointment with a professional, please understand that we can only provide you with a starting cost to prepare your return over the phone. We cannot give an exact price for preparing your return without meeting with you to determine your individual needs.
 
As enrolled agents, we study tax law year-round. Unfortunately, this tax filing season, we are dealing with questions not only about 2017 tax returns but also about what the 2018 changes towards a flat tax will mean. We know this means more time spent on more appointments for business owners or planning to make sure that clients are prepared for the upcoming changes.
 
Pack your patience while gathering the 2017 tax documents. They are just arriving to you now. And, please make sure you have everything before filing because amending a return for leaving out income can mean you returning refunds or receiving stiff penalties for under reporting income.

Karen S. Durda, EA, President of Century Accounting and Tax Services, Inc., has been in the profession since 1984. As an Enrolled Agent credentialed by the Treasury Department, she has the rights as afforded by Congress to represent individuals and businesses before tax authorities. Since May 2012, she has also had the distinction of being a Dave Ramsey Endorsed Local Provider, assisting in budgeting and financial peace for a four-county area and parts of Myrtle Beach.As a Qualified Business expert with the New Hanover County courts, she has experience and knowledge of various scopes of professions and industries, such as medical, health services, legal, construction, retail, real estate, auto sales and service, insurance and restaurant. Continuous tax law courses throughout the year keep her up-to-date on all tax rules, regulations and law changes, as well as business trends, to better serve her clients.
 

Century logo final 11918114327
Ico insights

INSIGHTS

SPONSORS' CONTENT
Michaelhiggins 41019104338

Technology Advancements Create Space For Virtual Funerals

Michael Higgins - Dignity Memorial
Morton300x300

Planning For Your College Student’s Success During COVID-19

Jim Morton - Cape Fear Community College
Alycephillipsnew2

Don’t Panic: Rules Have Eased On Drawing Cash From Retirement Funds

Alyce Phillips - Old North State Trust LLC

Trending News

Pier 1 Closings Involve Prominent Wilmington Retail Spaces

Cece Nunn - May 26, 2020

Burney's Sweets & More Coming To Mayfaire

Jessica Maurer - May 27, 2020

Some Area Restaurants Stick To Carry-out

Jessica Maurer - May 27, 2020

Attractions Face Significant Revenue Losses

Christina Haley O'Neal - May 26, 2020

BIZTALK: Azalea Festival Plans Continue

Staff Reports - May 27, 2020

In The Current Issue

NHRMC: Suitors Come Calling

Of the six health systems that submitted proposals for buying or partnering with NHRMC, three have moved ahead of the rest of the pack for f...


WorkTok Aids Communication

One new Wilmington startup is trying to address those current workforce trends and increase employee/ employer interaction through its app,...


Education Leader Forges Way Forward

Burns was tapped as interim superintendent of NHCS in February, following the resignation of Tim Markley. Burns assumed his new role in Marc...

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WILMA Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`