FAQ

If you would like to submit a question, please email us at dakcpa@bizec.rr.com

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Q: I received a tax notice from the IRS, what should I do?
A:
We realize that receiving a notice from the IRS can be unnerving. Simply fax, mail or deliver a copy of the notice to our office as soon as you receive it so we may begin the process. Most of the time tax notices are date sensitive and need to be resolved quickly inorder to avoid late fees and penalties. Tax notices can often be settled simply and painlessly.

Q: Where can I get blank forms?
A:
For Federal forms visit the IRS website by clicking here. For North Carolina forms visit the North Carolina Department of Revenue website by clicking here. You can also visit the local IRS offices in Wilmington at Randall Parkway, between Kerr and Independence Avenue's for more help.

Q: What is the difference between an EIN & a FEDERAL ID NUMBER?
A:
 EIN is an acronym for "Employer Identification Number". An Employer Identification Number is also known as a taxpayer identification number, or TIN. A sole proprietorship that has no employees and files no excise or pension tax returns is the only business that does not need an employer identification number. In this instance, the sole proprietor uses his or her social security number as the taxpayer identification number. For further understanding, visit the IRS website by clicking here

Q: What are the sales tax percentages for county & state?
A:
 Effective through June 30, 2007, barring any county rate changes -- state is 4.25% & county is 2.5% = 6.75% total.

Q: Exactly what information will I need to get my personal / corporate taxes done?
A: Existing clients will receive a "Client Tax Organizer" sometime in January. New clients may request a checklist by calling 910-350-3683.

Q: My IRS payment has not been cashed yet. What should I do?
A:
You may call 1-800-829-1040 and ask an IRS representative if the payment has been credited to your account. If it has not, you may choose to place a stop-payment on the original check and reissue the payment.

Q: You gave me a backup disk with my business accounting files, how do I restore it to my computer?
A:
Depending on the type of work done to the file, we should have provided you with instructions either for an "Accountant's Version" or for a "Full Version". Please call our office and we will be happy to provide that or simply walk you through it over the phone.