Frequently Asked Questions

The Accounting Nook, PLLC has experience working with clients in various industries, including churches & ministries, real estate, construction, and small business owners. 

Yes, The Accounting Nook, PLLC offers remote accounting services to clients who are unable to meet in person or prefer to work with us virtually.

 It is important to file tax returns for every year that you have a filing requirement to avoid paying late filing penalties and interest.  Some mistakenly believe that the IRS can only require you to file up to three years of delinquent returns.  However, there is no expiration period for unfiled returns.

There is a 3-year statute of limitations during which the IRS can make changes on a return which starts on the due date of the return or whenever it is filed, whichever is later.  The Accounting Nook, PLLC can file returns for all prior years for you as well as arrange for an installment agreement or an offer in compromise if your tax liability is more than you can afford to pay.

All taxpayers are allowed to reduce their gross income for tax purposes by either a standard deduction based on their filing status or they may elect to itemize specific deductions allowed under the tax code.  The four most common itemized deductions are state income taxes, property taxes, mortgage interest, and charitable contributions.  Unless the total of all itemized deductions exceed the standard deduction it doesn’t benefit a taxpayer to itemize. The Accounting Nook, PLLC can advise you on whether itemizing will benefit you.