Here are a few links to frequently asked questions by taxpayers, as well as some others we've encountered in the past. If your question is not answered here, click this link to send the question directly to us. We will answer it as soon as possible.
Questions regarding tax refunds
How to Contact Your Local IRS Office
The IRS told me I needed a transcript of my taxes
Why file with Washington Way Financial?
Filing with Washington Way Financial Services guarantees you honest, fair, and inexpensive services. Our interest is your success because when you succeed, we succeed.
How much of a refund should I expect to get back?
Your refund (or amount due) can only be determined after a careful thorough tax evaluation. There is no set amount of refund due for any type of employee.
When are the fees due for my return?
If your refund is going to go directly to you, fees are due before preparation is complete. If you have to come back to pick up your return, your fee will be withheld from the total deposit.
What do the fees cover?
The fees, for the type of filing you need, cover your federal, state, and local returns as well as the electronic filing. It will also cover processing of your documents electronically, processing labor, and an electronic copy of all of your tax documents.
How do I pay if I owe?
When you owe money to the IRS or your social security number is on the Offset List, you must pay in cash, money order, or debit/credit card prior to the finalization of your tax documents. In order to pay a debt you may owe to the IRS, you can either send in a check or money order with your return, or you can setup payment arrangements. The answer to that can be determined based on the amount of money you owe, keeping in mind that interest begins to accrue on the balance due.
How do I pay my preparation fees?
There are several ways payment can be made. Electronic payments can be made via the following ways:
Cash App: $washwayfinancial
Cash/check is also an acceptable form of payment. Send these payments to:
Washington Way Financial
PO Box 1281
Pooler, GA 31322
What happens if my return is rejected?
Rejected returns have to be amended due to an error in the paperwork process. Depending on the reason the return was rejected, the amendment may have the capacity to be re-filed electronically. Some amendments will have to be mailed. In either case, you will be contacted by the person who prepared your taxes and notified of any changes that need to be made to get the return accepted.
How long will it take to get my refund?
Depending on the filing option you chose, you can expect to receive your refund in as little as 21 days and as much as six weeks. Shorter refund periods are those that have no filing issues and are not held for audit. You will receive an email with the link to check the status of your income tax return.
I have taxes from previous years. Can I file those?
You are able to go back and file for all the years you haven't. However, you can only file the current years taxes electronically. All others have to be processed and mailed. Contact Us to set up a meeting to get your prior year returns processed.
When do I have to file?
The deadline for most tax filers is April 15, 2022. If an extension is filed, the deadlines change as follows: Individual/Joint Tax Payers - TBD, Form 1065/1120S - TBD, and Form 1120 - TBD.
Due to the pandemic, I started a business. What changes for my taxes?
Your anticipated changes are that you will go from being an individual tax filer to a business tax filer, which will include a lot more paperwork and some strategic, but legal, business practices. Contact Us today to discuss your options.
My employer required me to work from home all year. What do I need to do differently?
For some employment situations, you will have the option to include home expenses as deductions to your taxes. Contact Us directly for more specific information about your tax situation, 317-759-9579.
I was due a stimulus but never received it. How should I proceed?
For those tax payers who were due a stimulus disbursement that was not issued, you will have the option to claim it through your tax refund, having it added into your final refundable total. This option is called the Recovery Rebate Credit. Contact Us for more details, 317-759-9579.
I was a dependent before but now I'm filing on my own. Am I eligible for the stimulus?
For those tax payers who were claimed as a dependent in 2018 and 2019, but worked as an independent in 2020, you are potentially eligible for the Economic Impact Payment and the Stimulus payment through the Recovery Rebate Credit. Contact Us for more details, 317-759-9579
Is there a penalty for filing late?
The IRS filing deadline is April 15, 2022. If your return is not postmarked by April 15, 2022, or submitted electronically by the same, there will be a percentage penalty assessed, by the IRS to the amount you owe. This is in addition to the interest that will begin to accrue from that same date. In the event that you have a refund due, you have up to three years from the deadline date to file that return without penalty. If the three year limit is exceeded, the penalties and/or interest will go back to the original deadline date and be due immediately. Contact Us for more details, 317-759-9579
Where is Washington Way Financial located?
We are located in Pooler, GA or just a phone call or email away. Go to Contact Us for details.