BOOKKEEPING | INDIVIDUAL TAXES | BUSINESS TAXES | PAYROLL SERVICES | AUDIT SERVICES | NON-PROFITS
FREQUENTLY ASKED QUESTIONS
You can check the status of your Federal Refund at www.irs.gov
Our fee can vary based on the number of forms to file. Personal tax return can be $250-$575. Business taxes must make an appointment.
Electronic refunds will generally take 10 to 21 days to receive.
Paper returns will generally take 30 to 45 days to receive.
Yes, you can schedule an appointment by clicking here.
You can apply online at www.irs.gov or ask us for assistance.
Wells Fargo
Step 1: Login to your Financial Institution.
Step 2: Click into any of your accounts available.
Step 3: Under Activity, click on Download Account Activity.
Step 4: Follow the steps shown on your online account.
a. Choose the Account you want to download.
b. Select Date Range 01/01/[Last Year] - 12/31/[Last Year]
c. Select File Format to Download - Select Quickbooks (QBO)
d. Download
Step 5: Once the file downloads, upload the file within TaxDome or send it over via email to info@globalasi.com
Chase
Step 1: Login to your Financial Institution.
Step 2: Click into any of your accounts available.
Step 3: Under Activity, click on Download Button (the arrow facing downwards with a line underneath) on the right corner.
Step 4: Follow the steps shown on your online account.
a. Choose the Account you want to download.
b. Select File Type to Download - Select Quickbooks Web Connect (QBO)
c. Select Date Range 01/01/[Last Year] - 12/31/[Last Year]
d. Download
Step 5: Once the file downloads, upload the file within TaxDome or send it over via email to info@globalasi.com
Bank of America
Step 1: Login to your Financial Institution.
Step 2: Click into any of your accounts available.
Step 3: Under the All Transactions Tab, click on Download Button (the arrow facing downwards with a line underneath) on the right corner, then click the dropdown button.
Step 4: Follow the steps shown on your online account.
a. Select Date Range 01/01/[Last Year] - 12/31/[Last Year]
b. Select File Type to Download - Select Web Connect for Quickbooks (QBO) 2018 & Above.
c. Download
Step 5: Once the file downloads, upload the file within TaxDome or send it over via email to info@globalasi.com
Regions
Step 1: Login to your Financial Institution.
Step 2: Click into any of your accounts available.
Step 3: Under Activity, click on Download Button (the arrow facing downwards with a line underneath) on the right corner.
Step 4: Follow the steps shown on your online account.
a. Choose the Account you want to download.
b. Select File Type to Download - Select Quickbooks Web Connect (QBO)
c. Select Date Range 01/01/[Last Year] - 12/31/[Last Year]
d. Download
Step 5: Once the file downloads, upload the file within TaxDome or send it over via email to info@globalasi.com
Credit Unions
Step 1: Login to your Financial Institution.
Step 2: Click on Account and locate Transaction History.
Step 3: Click on the Download Button (the arrow facing downwards with a line underneath) on the right corner.
Step 4: Select Download QBO (Quickbooks)
Step 5: Once the file downloads, upload the file within TaxDome or send it over via email to info@globalasi.com
If your financial institution is not listed and none of the options above are helpful to you, please contact our office and we will be able to assist you with handling this matter.
Generally, you can claim your child as a dependent if they are under 18, or under 24 and in college, and you provide more than 50% of their support.
Once a completed intake form has been submitted, a detailed email will be sent to you of all required document to start the process of filing your taxes.
Yes you can, if the total amount of your allowable itemized deduction is greater than your standard deductions.
You should request a free 15 minute consultation with us.
To find out if your refund was fully or partially offset call 800-304-3107.
Are you one of nearly half of all American taxpayers that are overpaying the IRS?
Could you be repeating the same mistakes or overlooking deductions year after year? Global Account Solution professionals thoroughly examine each customer’s tax situation to get every deduction, credit, and tax advantage possible. We pledge quality tax preparation coupled with premier customer service at each location. And we guarantee accuracy or your money back.
When you get your W-2, you can have your taxes prepared right away, but the IRS will not accept them before a pre-defined date.
The standing deadline for personal taxes is April 15. However, sometimes that date falls on a weekend or after Emancipation Day (a holiday in DC) and pushes the deadline to as late as April 18.
You can request a photocopy or a computer transcript (a line-by-line listing) of the information on your filed tax return.
Photocopies and transcripts are free from the IRS. If you need an actual copy (not a photocopy), then you must complete IRS Form 4506 and pay a $50 fee for your filed tax return and all related tax information, such as your Form W-2, etc...
To get a copy of your Form W-2 or Form 1099, you should first contact your employer or financial institution.
If we used your W-2 to prepare your return, through you have a couple of options:
If you have an Intuit account with us, you can log-in and view your filed tax return including your W-2.
If you don't have an Intuit account with us, we recommend requesting to create one, but you can also reach out our office so we can assist you with requesting a copy, if available.
You can also download a Form 4056 at www.irs.gov to request a copy of the return you filed with the IRS which will include your W-2 or Form 1099 and other tax documents.
You can file an amended return to correct any errors or omissions on your original return. In some cases, you may even change filing status.
Using IRS Form 1040X, state the reason for filing the amended return and show the correct tax information and your original refund or balance due amount.
Do not attached Form 1040, 1040A, or 1040EZ to amended return. You must file your amended return within three years after the date you filed your original return.
Tax Preparers with Global Accounting Solution will assist taxpayers through the IRS amendment process. Just log on to your client portal and request an amendment on your return or schedule an appointment so we can get the process started.
If you've already e-filed or mailed your return to the IRS or state taxing authority, you'll need to complete an amended tax return.
Depending on the form, you may not need to amend. Message your client portal we will assist you with the additional form.
Your mortgage company should send you a Form-1098 or it can be found in the documents section of your mortgage company website; this document is what reports the mortgage interest you've paid.
The forms to prove employment may vary depending on individual situations.
For most, an employer will provide a W-2 form.
The self-employed (i.e. independent contractors, IBO/Independent Business Owners, Uber Drivers, etc.) should receive a 1099-MISC from the company.
If you received unemployment benefits from your state over the past year, you must claim that as income and therefore pay taxes on those benefits.
The unemployment agency should provide you with a 1099-G form, which explains the amount of benefits you drew during the past year. The Internal Revenue Service (IRS) receives a copy as well and will tax you at the appropriate rate in your tax bracket. Not everyone owes. If you worked a portion of the past year, chances are you paid payroll taxes and may earn a refund if those deductions were overpaid.
We file a Schedule C using IRS Form 1040 for your self-employment taxes. Depending on your business type, additional forms may be required. You might also need to make quarterly estimated payments using Form 1040-ES. Ensure you have all your expenses ready for us to complete your tax return efficiently.
Taking necessary steps before tax time will make things easier once you file your taxes for the first time after a divorce. Change your W-4 through your employer so taxes will be withheld at the correct rates. Also, if you (or a family member) changed your name, file Form SS-5 with the Social Security Administration to ensure there aren’t any complications with the IRS.
If you file your taxes late, you may face penalties. However, you can opt to pay your tax liability through an installment plan. Other options include the Offer in Compromise (OIC), where the IRS may settle your liability for less than the full amount owed. The IRS is unlikely to approve an OIC if you can pay the full amount through an installment plan or another method. To request an OIC, fill out Form 656 or Form 656L and mail it to the IRS.
Yes, work-study income is taxable and must be reported on your tax return. Attach your W-2 showing your earnings and withheld taxes to your return.
Yes, you can as long as you keep good records in the event you are ever audited by the IRS. Be sure to record the name of the organization, the date and location; as well as a detailed description of what you donated. Keep notes on the amount you claimed as a deduction and how you figured the fair market value on the items you donated. In the case of a monetary donation, as long as it’s less than $250, a canceled check or even a payroll deduction can suffice for proof of the donation.
Typically, general home repairs cannot be deducted from your taxes. Home repairs are meant to keep your home in good condition, but do not increase the value of your home.
However, if you live in a “federally declared disaster area” and your home is affected, then you can claim the cost to repair the damages.
If you use part of your home as a principal place of business, some repairs can be deducted, but you must itemize your deductions on Schedule A.
If you owe taxes, the IRS offers several options where you can pay immediately or arrange to pay in installments visit:
The best way to locate your AGI is to use your previous year tax return and locate it on line 8b on from 1040. If you do not have your old tax return, you can get your AGI from one of the IRS self service tools:
https://www.irs.gov/individuals/electronic-filing-pin-request
Log into your client portal and send us a message. We will email you over another copy of your return!