Tax Preparation and Filing
Some frequent issues include:
- Claiming a dependent (such as a child or parent) who has already filed their own return.
- Failing to file tax returns for dependent children, resulting in missed federal or state refunds.
- Not including all sources of income, such as:
- W-2 forms
- Bank interest and stock dividends
- Freelance income or small business earnings (e.g., through eBay, PayPal, or Venmo)
- Omitting Health Savings Account (HSA) distributions.
- Forgetting to provide the Access Health Insurance Form (1095-A) for Affordable Care Act coverage.
Federal and state estimated tax payments are necessary if you expect to owe taxes of $1,000 or more when filing your return. These payments help you avoid underpayment penalties by prepaying your taxes on income not subject to withholding, such as self-employment income, rental income, or investment gains.
Ciampi Tax provides a variety of checklists and worksheets for both individuals and businesses These are designed to help streamline the preparation of your returns and ensure all relevant financial data is organized and accounted for.
Our checklists guide you in gathering all the necessary documentation for the processing of your tax return.
Our Excel Income and Expense worksheets help you track income and expenses for a rental property or or your small business venture.
You receive a paper refund check instead of direct deposit caused by:
- A bank account number that has been changed or closed
- Incorrect bank account information (wrong bank name)
- Incomplete bank account information (missing account numbers or transposed account numbers)
- Insufficient funds in your account for a tax payment, prompting a letter from the taxing agency.
- Funds not being withdrawn as scheduled, leading to follow-up correspondence from the taxing authority.
Quarterly estimated tax payments are generally due on the following dates:
- 1st Quarter: April 15
- 2nd Quarter: June 15
- 3rd Quarter: September 15
- 4th Quarter: January 15 of the following year
If the due date falls on a weekend or holiday, the payment is due the next business day.
If you forget to make a payment, it’s important to act quickly. Submit the missed payment as soon as possible to reduce penalties and interest. If the next payment date is near, you can make two payments at once to catch up. Paying late is better than not paying at all, as it minimizes penalties and helps you stay on track for future payments.
Upon completion of processing your tax return, you will need to sign IRS Form 8879, your Letter of Engagement, and have your invoice paid in full, prior to our firm e-filing your return.
You will be able to sign all necessary forms virtually, at an in-person appointment, or when you pick up your final tax folder.
We offer three options. In each instance, you will receive a phone call or email that your documents have been received.
1. Drop-Off
There is a locked drop box located to the left of our main entrance in the back of the building. Drop off your documents in a sealed envelope. You do not need to call ahead to drop off your documents. Our staff checks the locked drop box every ½ hour during the hours of:
Monday – Friday from 8:00 am – 5:00 pm
Saturday – Sunday from 9:00 am – 3:00 pm
2. US Mail
Mail your documents to us via regular or express mail to:
Ciampi Tax and Financial Services, LLC
2278 Waterbury Road
Cheshire, CT 06410
3. Secure Portal
Please email associate@ciampitax.com or call us to obtain an email invitation to set up a profile with a username and password to access the secure portal. Please keep your username and password in a safe place for future reference as we do not have access to that information.
