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AccountantTax Preparation ServiceTax ConsultantBookkeeping ServicePayroll Service
Hagen CPA, LLC provides professional payroll services, business planning, bookkeeping, tax preparation, and QuickBooks setup to the Janesville, WI area.
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Frequently Asked Questions About Hagen CPA, LLC
Why do I need a CPA firm?
A CPA firm offers specialized financial expertise beyond basic bookkeeping and tax preparation. These firms are valuable for businesses and individuals with complex financial requirements. They provide expert financial guidance, ensure regulatory compliance, and allow business owners to focus on their core operations by managing intricate financial matters.
How can Hagen CPA help me?
Hagen CPA provides comprehensive tax and financial statement preparation services for individuals and businesses. We ensure all taxes and reports comply with the latest IRS and AICPA standards. For a more detailed overview of our offerings, please visit our services page.
The IRS called me stating that I owe money. What do I do?
Exercise caution as this is likely a fraudulent call. The IRS typically initiates contact through official letters, not phone calls. If there are any issues or inquiries, you will receive written correspondence from the IRS first.
I received a letter from the IRS or my state saying that I owe more taxes. What should I do?
We advise bringing the notice to one of our Hagen CPA office locations. Our team can help you understand the notice and guide you on the necessary steps to address the situation.
I cannot pay my taxes by April 15th! Is there any way to avoid interest or penalties?
The IRS and most state tax agencies offer installment plans for those unable to pay their taxes in full by the deadline. We invite you to visit one of our office locations with your tax information to discuss your available options.
Can I file an extension and pay my taxes later?
Filing an extension grants you an additional six months to submit your federal income tax return. However, this doesn't extend the deadline for paying any taxes owed. If you anticipate owing taxes, we can assist in estimating the amount so you can pay when filing the extension. We can also help set up an installment plan if needed.
If I file an extension, how long do I have to file my taxes?
For individual 1040 tax returns, an extension provides a six-month period to file your taxes. For information on other return types and their respective due dates and extension periods, please refer to our federal tax return due dates resource.
How much does it cost to prepare my taxes?
To receive a complimentary tax preparation estimate, please contact our office at 608-754-8525.
My business is doing much better this year, but how will it affect my taxes?
Tax regulations are complex and subject to frequent changes. At Hagen CPA, we offer tax planning services where we can review your specific business situation and develop a tailored tax strategy. This approach aims to minimize tax liability, maximize savings, and ensure compliance with current regulations.
Do I need to collect sales taxes, and do I owe sales taxes?
Sales tax regulations vary by state and can be quite intricate. At Hagen CPA, we can perform a thorough analysis of your business, products, and services to determine your sales and use tax obligations. This assessment helps ensure compliance and prevents potential issues with tax authorities.