FAQs
Hagen CPA, LLC
Why do I need a CPA firm?
A certified public accountant (CPA) firm provides services that extend beyond basic bookkeeping and tax preparation. They offer essential expertise for businesses and individuals with complex financial needs. CPA firms provide strategic financial guidance, ensure compliance with regulations, and allow business owners to focus on their core operations. Hagen CPA, LLC is the preferred choice for CPA services in Southern Wisconsin and Northern Illinois.How can Hagen CPA help me?
Hagen CPA offers tax preparation and financial statement services for both individuals and businesses. We ensure that all taxes and reports we provide are in compliance with current IRS and AICPA standards. For a comprehensive overview of our services, please explore this website in more detail.The IRS called me stating that I owe money. What do I do?
This is likely a fraudulent call. The IRS typically initiates contact through mail, not phone calls. You should receive a letter from the IRS first, detailing any issues or inquiries they may have.I received a letter from the IRS or my state saying that I owe more taxes. What should I do?
We recommend bringing the notice to one of Hagen CPA's office locations. Our team can assist you in understanding the content of the notice and provide guidance on the necessary steps to take.I cannot pay my taxes by April 15th! Is there any way to avoid interest or penalties?
The IRS and most state tax authorities offer installment plans when filing your tax return. We invite you to bring your tax information to one of our office locations where we can discuss your available options.Can I file an extension and pay my taxes later?
Filing an extension provides an additional six months to submit your federal income tax return. However, it's crucial to note that this does not extend the deadline for tax payment. If you owe taxes, we can assist in estimating the amount due so you can make a payment when filing the extension. If necessary, we can also help set up an installment plan with your extension.If I file an extension, how long do I have to file my taxes?
For individual 1040 tax returns, an extension grants a six-month period to file your taxes. For information on other return types, their due dates, and extension periods, please consult our resources.How much does it cost to prepare my taxes?
To receive a complimentary tax preparation estimate, please contact our office.My business is doing much better this year, but how will it affect my taxes?
Tax regulations are complex and subject to frequent changes. Hagen CPA provides tax planning services where we can review your specific business situation and develop a customized tax strategy. Our aim is to minimize your tax liability, maximize savings, and ensure compliance with current regulations.Do I need to collect sales taxes, and do I owe sales taxes?
Sales tax regulations vary by state and are often complex and subject to change. At Hagen CPA, we can conduct a thorough analysis of your business, products, and services to ensure proper collection and payment of Sales or Use Taxes. This approach helps maintain compliance and prevents potential issues.