Luminary Tax Advisors
office-table-with-supplies-and-computer-LW4XGB2.jpg

Resources

Frequently Asked Tax Questions

 

How Long to Keep My Records?

Generally, the IRS recommends keeping three years of financial and income tax data. There are certain things like records of gifts or records of asset purchases that should never be discarded and other items that should be kept for a different number of years. But three years is generally considered fairly safe. We are required to keep a minimum of three years of your data but frequently keep more than that when reasonable and applicable.


When are My Taxes Due?

Though most people recognize April 15 as tax day, there are several other tax deadlines that taxpayers must keep in mind. The IRS has compiled a handy resource of tax due dates that you should keep note of.


When Will I Get My Tax Refund?

You can view the status of your tax refund on the IRS's website. Click here to check on the status of your refund on your tax return or here if you need to check on the status of a refund from an amended tax return. Please feel free to contact us at any time, and we can check on the status of your tax refund on your behalf.


What Tax Bracket Am I In?

The most popular question we receive at the end of each tax return we prepare? What tax bracket was I in? You can find the 2021 tax brackets here and the 2022 tax brackets here.


Where Can I Register My Business in the State of Florida?

In order to start a business in the State of Florida, you must go to Sunbiz.org and electronically register your business. This site has a ton of resources for new and existing businesses.


Where Can I Apply for a Federal ID Number?

Once you have your business setup in Florida (or your home state), applying for a federal ID number -- or EIN -- is an easy process that takes less than 10 minutes to complete. The IRS walks you through the process with its Application for an EIN and approves applications instantaneously.


Where Can I Register for Payroll and Sales Taxes in the State of Florida?

The State of Florida has a questionnaire that every business in the Sunshine State should fill out to see if any taxes are due. If you have a new business in Florida, be sure to fill out the state's Registration Determination to see what taxes you must pay and the schedule with which you must pay them.