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Frequently Asked Questions (FAQ)

 

About Dylan Razzagone, CPA

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General Firm Questions

 

1. What services do you offer?
I specialize in tax advisory, tax resolution, and proactive tax planning for individuals and business owners. I also provide S Corp election consulting and tax return preparation.

 

2. How can I schedule a consultation?
You can schedule a consultation by clicking the "Schedule a Consultation" button on my website or contacting me directly via email or phone.

 

3. What industries do you work with?
I work with business owners across various industries, tailoring tax strategies to maximize their savings.

 

4. Do you offer virtual appointments?
Yes! I provide virtual tax advisory services to clients nationwide, making tax planning easy and accessible.

 
S Corporation & Business Tax Services

 

5. What’s included in your S Corp Election package?
My Full S Corp Election Package ($1,500) includes:

  • Filing Form 2553 with the IRS

  • A one-time salary analysis to ensure reasonable compensation compliance

 

6. Do you handle payroll for S Corps?
I don’t manage payroll directly, but I can recommend payroll providers and assist with salary structuring to keep your business tax-compliant.

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7. How do I know if an S Corp is right for me?
I offer an Initial Tax Savings Analysis ($400) to determine whether electing S Corp status is beneficial for your business. If you move forward with the election, the $400 applies to the full setup cost.

Tax Resolution Services

 

8. When should I seek tax resolution services?
If you owe the IRS $50,000 or more, I can help you explore tax relief options, negotiate settlements, and develop repayment strategies.

 

9. What tax resolution options do you offer?
I assist with:

  • Installment agreements (IRS-approved payment plans)

  • Offers in compromise (settling for less than owed)

  • Penalty abatement (removing IRS penalties)

 
Security & Client Portal

 

10. How do you protect my sensitive financial data?
I use multi-factor authentication (MFA), encrypted storage, and a secure client portal for document sharing.

 

11. Will you be switching to TaxDome?
Yes, I am considering transitioning to TaxDome for improved client communication and document management.

 
Billing & Payment

 

12. How do you structure your fees?
I offer flat-fee pricing for tax planning, S Corp elections, and tax resolution services. Tax return preparation is an additional service.

 

13. What payment methods do you accept?
I accept payments via check, credit card, ACH, and other secure online payment options.

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General Tax FAQs

 
Tax Filing & Deadlines

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14. When is the tax filing deadline?
The federal tax filing deadline is April 15. If the 15th falls on a weekend or holiday, it moves to the next business day. You can file for an extension until October 15, but any taxes owed are still due by April 15.

 

15. Do I need to file a tax return?
Most individuals must file if their income exceeds IRS thresholds. Even if you’re not required, filing can be beneficial if you qualify for a refund or tax credits.

 

16. How do I check my tax refund status?
You can check your refund status using the IRS "Where’s My Refund?" tool on irs.gov or call 1-800-829-1954.

 
Deductions & Credits

 

17. What tax deductions can I claim?
Common deductions include:

  • Standard deduction (varies by filing status)

  • Mortgage interest

  • Student loan interest

  • Medical expenses (if they exceed 7.5% of AGI)

  • Charitable donations

 

18. What’s the difference between a tax credit and a deduction?

  • Tax credits reduce your tax bill dollar-for-dollar.

  • Deductions reduce your taxable income, which lowers your overall tax liability.

 

19. What are some common tax credits?

  • Child Tax Credit (CTC) – For parents with qualifying children

  • Earned Income Tax Credit (EITC) – For low-to-moderate-income workers

  • Education Credits (American Opportunity & Lifetime Learning) – For college expenses

 
Self-Employed & Business Taxes

 

20. Do I need to pay estimated taxes?
If you're self-employed, a freelancer, or earn income outside of a W-2 job, you likely need to pay estimated taxes quarterly (April 15, June 15, September 15, and January 15).

 

21. What expenses can I deduct as a small business owner?
Small business owners can deduct ordinary and necessary expenses, including:

  • Home Office Deduction – If used exclusively for business (simplified or actual expenses method).

  • Business Vehicle & Mileage – IRS standard mileage rate or actual expenses.

  • Office Supplies & Equipment – Computers, printers, software, and office furniture.

  • Internet & Phone – Business-related portion of bills.

  • Marketing & Advertising – Websites, ads, business cards, and branding materials.

  • Business Meals – 50% deductible for client meetings, 100% for company-wide events.

  • Travel Expenses – Flights, hotels, and meals for business travel.

  • Education & Professional Development – Courses, seminars, and industry books.

  • Insurance Premiums – Business liability, malpractice, and self-employed health insurance.

  • Retirement Contributions – Contributions to SEP-IRA, Solo 401(k), or SIMPLE IRA.

  • Employee & Contractor Costs – Wages, payroll taxes, and 1099 payments over $600.

 
IRS Notices & Tax Problems

 

22. What should I do if I get a letter from the IRS?
First, don’t panic. Read the notice carefully. It usually explains what the IRS needs and how to respond. If you're unsure, contact a tax professional before responding.

 

23. How can I set up a payment plan with the IRS?
If you owe taxes and can’t pay in full, you can apply for an IRS installment agreement online at irs.gov. Short-term plans (under 180 days) are free, while long-term plans may have setup fees.

 

24. How long does the IRS have to audit me?
The IRS typically has three years from the date you file your return to conduct an audit. However, this period can extend in cases of fraud or substantial underreporting.

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