What are the benefits of having a Tax Professional prepare your taxes?
Working with a tax professional can save you time and money while giving you peace of mind. Tax professionals have an in-depth understanding of tax laws and regulations and stay up to date on changes that may affect you. They can help identify deductions and credits you may not be aware of and provide year-round tax planning to help you make informed financial decisions.
How can I schedule a free consultation with KEY-2-TAXES?
You can schedule a free consultation by clicking here, submitting a form through the Contact page of this website, or emailing us at contact@key2taxes.com
What is the tax deadline for filing 2024 Individual Returns?
The deadline for filing 2025 tax returns is Wednesday, April 15, 2026. This is also the due date for requesting a tax extension.
What is a Tax Extension?
A Tax extension provide an automatic six-month extension (until October 15, 2026 for 2025 returns) to file your federal & state income tax returns. If an extension is filed, you will not receive a penalty for filing late. However, you may still incur penalties and interest if any taxes owed are not paid by the original tax deadline.
What if I’m unable to file my taxes by the deadline?
KEY-2-TAXES can file an extension on your behalf (Form 4868), or you may apply directly with the IRS and your State. It is important to note, that an extension does not give you additional time to pay any taxes owed. It only provides an extra six-months to file your return.
Can KEY-2-TAXES help collect and organize my tax information to prepare a tax return?
Yes. We are happy to help collect and organize the tax information needed to prepare your return. This service is included with our bookkeeping services and includes organizing and categorizing expenses for a fee in addition to tax preparation.
What is Estimated Tax and who must pay it?
Estimated tax consists of quarterly payments made to the IRS on income that does not have taxes automatically withheld. Small business owners, freelancers, and independent contractors are generally required to make estimated tax payments since taxes are not deducted from their pay (see below for estimated tax due dates).
When are Estimated Tax Payments Due in 2026?
1st Payment: April 15, 2026 (for income earned from Jan 1 – Mar 31)
2nd Payment: June 16, 2026 (for income earned from Apr 1 – May 31)
3rd Payment: Sept. 15, 2026 (for income earned from Jun 1 – Aug 31)
4th Payment: Jan. 15, 2027 (for income earned from Sep 1 – Dec 31)