• How does a tax extension work?

    Because you must pay late payment penalties and interest on any unpaid tax after the April 15 filing deadline, when you file an extension you want to estimate your tax liability as accurately as possible. Consequently, we need as much information as possible to accurately estimate your tax liability. Extensions that are filed based upon inaccurate estimates can be ruled invalid by the IRS.

  • I need to reach my tax professional. What is the best way to do that?

    For most of the year, the easiest way to reach your tax professional is either by calling our office or sending an email.

    During tax season (roughly February 1st to April 15th), getting in touch with your tax professional may be more difficult due to a high volume of client meetings at that time. The best way to reach your tax professional is by email. When sending an email we suggest waiting 24 hours for a reply before following up with a phone call.

  • You have several email addresses for your company. Which email address should I use?

    If you are a client communicating with one of our tax professionals regarding a specific tax-related issue (ex. If I withdraw money from my IRA how will this impact my tax return, etc.), you will use the tax professionals email address ending with @defilippisfinancial.com. When in doubt please contact our office to obtain the correct email address.

    If you are a client communicating with one of our financial advisers regarding a specific investment-related issue (ex. If you have a specific question about one of your investment accounts), you will use the financial adviser's email address ending with @ceterafs.com. When in doubt please contact our office for the correct email address.

    If you need to schedule a tax appointment, confirm/change a tax appointment or communicate regarding a tax-related administrative matter (ex. change of address, etc.) you should send your email to admin@defilippisfinancial.com. This is a general mailbox for tax-related email messages only. If your message requires an immediate response please call our office.

    If you need to schedule a financial appointment, confirm/change a financial appointment or communicate regarding an investment-related administrative matter (ex. change of address, etc.) you should send your email to defilippis@ceterafs.com This is a general mailbox for investment-related email messages only. If your message requires an immediate response please call our office.

  • I received a notice in the mail from the IRS and/or my state taxing authority. What should I do?

    The first thing to do is get a copy of your notice to our office. You may fax it in, scan it and email it to our general mailbox admin@defilippisfinancial.com or drop it off. If you have taken advantage of our Prepaid Audit Service, you will not be charged for our services acting on your behalf in response to the notice(s). If you did not purchase our Prepaid Audit Service for the tax year in question, you will be charged at our normal hourly rate.

    The Treasury Inspector General for Tax Administration (TIGTA) conducted a study of IRS’ AUR system (the system that triggers notices to taxpayers proposing additional taxes based on the IRS matching program). They found that 5.1% of the samples in the study were sent incorrect notices. The errors resulted in $18,968 of over assessed tax and $1,146 of under assessed tax. Based on this information, TIGTA estimated 243,345 taxpayers would be over assessed and 97,430 would be under assessed over the next 5-year period. In our experience, the incidence of incorrect IRS notices is higher than that demonstrated in the TIGTA study. Unfortunately, most taxpayers pay-up for fear of further trouble or because "It's from the IRS, it must be correct!” Contact us before paying any additional tax due to an IRS notice.