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
Img 0621

Tax Evasion Versus Tax Avoidance

Karen Durda - Century Accounting and Tax Services, Inc.
Mike stonestreet 300x300

Leasing in a Community Association

Mike Stonestreet - CAMS (Community Association Management Services)
Headshot bmcgreal

The Value of Higher Education for Adult Learners

Brittany Hays McGreal - North Carolina Wesleyan

Trending News

The Last Of The Offices At Mayfaire Sells For $11.7M

Cece Nunn - Feb 12, 2019

Coming To Downtown Wilmington: Mellow Mushroom

Cece Nunn - Feb 12, 2019

A First Look At The Next Phase Of Autumn Hall

Cece Nunn - Feb 14, 2019

ILM Awards Contract For Second Phase Of Terminal Expansion

Christina Haley O'Neal - Feb 13, 2019

Smith + Gsell Design Firm Develops Studio Space, Residential Homes

Johanna Cano - Feb 13, 2019

In The Current Issue

Navy Week To Coincide With Azalea Festival

The U.S. Navy is coming to the Port City this spring, coinciding with the N.C. Azalea Festival. Wilmington is among the 14 selected sites –...


Food Hall Trend Coming To ILM

Food halls have been popping up throughout the United States, often in downtown cores. Some estimates predict that there could be more than...


Changing Tides

While some might expect the growth spurt in the town of Carolina Beach to cause major growing pains, town officials say the challenges posed...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Health Care Heroes 2018
2018 WilmingtonBiz Expo - Keynote Lunch with Eric Dinenberg, Rouse Properties