General Tax Filing FAQs
At UniFinTax, we understand that tax filing, financial planning, and compliance can be complex. To make it easier for you, we’ve compiled answers to some of the most frequently asked questions.
Anyone earning income above the IRS-determined threshold must file a federal tax return. This includes individuals, businesses, and self-employed professionals. Certain non-residents may also be required to file.
You’ll typically need:
- W-2 forms (for employees)
- 1099 forms (for independent contractors or additional income)
- Bank interest statements
- Proof of deductions (medical expenses, education, mortgage interest, etc.)
- Social Security or ITIN details
Yes! We offer e-filing services to make tax filing faster and more efficient.
You may incur penalties and interest on unpaid taxes. If you need more time, we can assist you in filing for an extension.
Our experts ensure you claim all eligible deductions and credits to maximize your refund legally.
Tax Filing for Individuals FAQ’s
Common deductions include:
✔️ Mortgage interest
✔️ Student loan interest
✔️ Charitable donations
✔️ Medical expenses exceeding a percentage of income
✔️ Retirement contributions
It depends on your state’s tax laws. Some states do not require state income tax filing, while others do.
An Individual Taxpayer Identification Number (ITIN) is for individuals who need to file taxes but are not eligible for a Social Security Number (SSN). We assist with ITIN applications and renewals.
Tax Filing for Businesses FAQs
Your business type determines your tax filing requirements:
✔️ Sole Proprietors – Report income on a personal tax return (Schedule C).
✔️ Partnerships – File Form 1065 and issue K-1s to partners.
✔️ S Corporations – File Form 1120S and provide K-1s to shareholders.
✔️ C Corporations – File Form 1120 and pay corporate taxes.
We help businesses leverage deductions such as:
✔️ Business expenses (rent, utilities, salaries)
✔️ Depreciation of assets
✔️ Retirement contributions
✔️ Health insurance deductions
Yes. If you have employees, you must withhold payroll taxes and submit them to the IRS. We offer payroll services to ensure compliance.
Tax Extensions & IRS Representation FAQs
We can help you file for a tax extension, giving you extra time to submit your return. However, this does not delay any owed tax payments.
If you receive an IRS audit notice, our tax professionals will review your case, prepare documents, and represent you before the IRS.
We assist with installment agreements, offers in compromise (OIC), and penalty abatement requests to help reduce your financial burden.
Financial Planning FAQs
Tax planning helps you legally minimize tax liabilities and maximize financial benefits through deductions, credits, and retirement planning.
Yes! We provide guidance on 401(k), IRA contributions, tax-free withdrawals, and estate planning.
If you earn income in multiple states, you may need to file taxes in each state. We ensure proper compliance and minimize double taxation.
ITIN Services FAQs
You must complete Form W-7, submit identity documents, and file a federal tax return. We simplify this process and ensure accurate filing.
Yes. ITINs expire if not used for three consecutive years. We can help you with renewal before it affects your tax filings.
Payroll Services FAQs
Payroll management ensures accurate wage calculations, tax withholdings, and compliance with labor laws. Our specialists handle everything for you.
Employers must pay Social Security, Medicare, unemployment, and federal/state payroll taxes. We ensure compliance with all regulations.
