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
Mel profilephoto

Influencer Marketing: Tap Into Your Audience On A Budget

Mel Beasley - Wide Open Tech
Burrus rob headshot 300x300

Moving Beyond “Likes”: Social Media’s Impact on Public Health Initiatives

Robert Burrus - Cameron School of Business - UNC-Wilmington
Chris coudriet

Connecting Resources For Safer Schools And Community

Chris Coudriet - New Hanover County Government

Trending News

Restaurants, Retailers Among 192 Businesses Receiving Pandemic Relief Grants

Staff Reports - Sep 22, 2021

Mayfaire Announces Opening Dates For New Stores

Cece Nunn - Sep 21, 2021

More Than 51 Acres Sell In Leland

Cece Nunn - Sep 21, 2021

New Restaurant Opening Saturday In Ogden

Justin Pope Williams - Sep 22, 2021

Custom Builder Moves Into New Office After Repurposing Former Church Building

Cece Nunn - Sep 23, 2021

In The Current Issue

Info Junkie: Wes Carter

Wes Carter, president of Wilmington-based Atlantic Packaging, shares his top info and tech picks....


MADE Winners: Exporter Category

HSM Machine Works, Marpac Yogasleep and SOS Life Sciences Corp. were winners in the MADE Awards Exporter Category....


Store Owners Share Basketful Of Hopes

Not only will it offer fresh, locally sourced meats, produce and dairy products, but the business will also have an open kitchen where baked...

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100