FAQs

Hagen CPA, LLC

Have an accounting-related question? We have the answer. Check out these FAQs and give us a call today for more information!

  • Why do I need a CPA firm?

    A certified public accountant (CPA) firm like Hagen CPA, LLC, serving clients as a reliable CPA in Janesville, WI, provides specialized financial services that go beyond basic bookkeeping and tax preparation. Their expertise is especially valuable for businesses and individuals with complex financial needs, offering guidance on tax strategy, financial planning, and regulatory compliance. By working with Hagen CPA, LLC, you can focus on your core operations while they manage the more intricate financial matters efficiently and accurately.
  • How can Hagen CPA help me?

    A CPA can provide comprehensive tax and financial statement preparation services for both individuals and businesses. They ensure that all taxes and reports comply with the latest IRS and AICPA standards, offering peace of mind and expert guidance. For a more detailed understanding of the services a CPA in Janesville, WI can provide, you can explore their offerings in detail on their services page.
  • The IRS called me stating that I owe money. What do I do?

    It's important to be cautious, as this is likely a fraudulent call. The IRS generally communicates through official letters rather than phone calls. If you have concerns about tax issues or need professional guidance, a CPA in Janesville, WI, such as Hagen CPA, LLC can help you verify any notices, understand your obligations, and ensure you respond appropriately.
  • I received a letter from the IRS or my state saying that I owe more taxes. What should I do?

    If you receive a notice from the IRS or your state tax agency, it’s important to address it promptly. Bringing the notice to Hagen CPA, LLC ensures you get expert assistance with tax preparation in Janesville, WI, helping you interpret the notice correctly and take the necessary steps to resolve the issue efficiently.
  • I cannot pay my taxes by April 15th! Is there any way to avoid interest or penalties?

    The IRS and most state tax agencies offer installment plans for those who cannot pay their taxes in full by the deadline. Bringing your tax information to Hagen CPA, LLC allows you to get expert guidance on your options, including setting up payment plans or other solutions, ensuring your tax preparation in Janesville, WI is handled efficiently and accurately.
  • Can I file an extension and pay my taxes later?

    Filing an extension gives you an additional six months to submit your federal income tax return. However, it does not extend the deadline for paying any taxes owed. Hagen CPA, LLC can help you estimate the amount due and explore options like installment plans, making sure your tax preparation in Janesville, WI is handled smoothly and without stress.
  • If I file an extension, how long do I have to file my taxes?

    For individual 1040 tax returns, an extension provides an additional six months to file your taxes. If you’re looking for guidance on other return types and their respective due dates, a professional specializing in tax preparation in Janesville, WI, at Hagen CPA, LLC can help ensure you meet all deadlines accurately and avoid unnecessary penalties.
  • How much does it cost to prepare my taxes?

    To get a clear idea of pricing, you can contact our office at 608-754-8525 for a complimentary estimate. Whether you need assistance with individual or business returns, working with a professional experienced in tax preparation in Janesville, WI at Hagen CPA, LLC ensures you receive accurate, reliable service tailored to your needs.
  • My business is doing much better this year, but how will it affect my taxes?

    Tax regulations are intricate and change frequently. At Hagen CPA, LLC, we provide tax planning services that review your specific business situation and develop a tailored strategy. With our expertise in Janesville, WI, tax preparation is handled efficiently, helping you minimize liability, maximize savings, and stay fully compliant with current regulations.
  • Do I need to collect sales taxes, and do I owe sales taxes?

    Sales tax regulations vary by state and can be complex. At Hagen CPA, LLC, a CPA in Janesville, WI we can conduct a thorough analysis of your business, products, and services to determine your sales and use tax obligations. This assessment helps ensure compliance and prevents potential issues with tax authorities.