FAQs

Q: I need to file my income taxes for previous years. What should I do?
A: We can help you file all of your returns to get you up to date.

Q: Should I file my tax return electronically? What are the advantages?
A: Filing your tax return electronically is the quickest and most efficient way to go. We can file your federal and state tax returns electronically and do a direct deposit of your refund into your bank account in as little as 7-10 business days.

Q: I already filed my tax returns and just realized that I forgot to claim some expenses. Is it too late for me to still deduct these expenses?
A: It is not too late. If you are an individual, you can file Form 1040X to amend the tax return that you already submitted. This can be a very confusing process so let us help you amend your return to make sure you are maximizing all of your deductions and lowering your tax liability.

Q: Last year I earned income in several states. Do I need to file a separate tax return for each state.
A: If you earned income in other states, it is very possible that you will need to file a return in each one. Our team at Duben & Natividad are experts in multi-state taxation and can help you make sure that you are compliant with each individual state’s tax laws.

Q: I’m thinking about starting my own business. How do I know what kind of entity I should incorporate under?
A: Incorporating your business can be a very complex matter and should be discussed with an expert. Our team here at SDN can sit down with you and help you make the right decisions based on your goals, needs, and expectations.

Q: I received an IRS notice that my tax return from 2007 is being audited. Should I be worried?
A: Do not panic. Often times, the IRS just needs some kind of evidence to justify any significant deductions you may have taken that resulted in a lower tax liability. It is very important to consult a tax professional if this occurs as they may be able to reduce or even eliminate any additional tax liability or penalties that are assessed against you. Our company can provide you with full representation to the IRS.

Q: When are the tax filing due dates?
A: For individuals, partnerships, and trusts, the filing due date is April 15 of the following tax year. For corporations, the due date is March 15 of the following tax year.

Q: I still do not have all of the information I need to file my tax returns. Will I be eligible to file an extension?
A: Yes. All individuals and businesses are eligible to file for a six-month extension by completing Form 4868. Please keep in mind that this is only an extension to file and does not defer any payments you owe or may owe to the IRS.

Q: I am turning 70 years old next year and I want to make sure that all of my assets are properly distributed to my spouse and family. What do I do?
A: Estate Planning is one of the most complex areas of taxation. The partners of Duben & Natividad are experts in this field and would be happy to assist you in creating an estate planning strategy that will best suit your specific situation. Estate planning is extremely crucial not only to assign assets but also to reduce your estate tax liability.

Q: I have a large amount of money sitting in a savings account but I feel it would be wiser to put it in some kind of investment portfolio. What should I do?
A: Properly managing your assets is very crucial especially if you are planning for your retirement or looking out for the welfare of your family. We work with a large network of certified financial planners and insurance advisors that can assist you in creating the right kind of portfolio that will best meet your short and long term goals