FAQ


	Nordeen Tax Professionals \| home About Nordeen Tax Professionals \| News and Events \| Location \| FAQ \| Contact Us \| Our Products and Services FAQ How soon can you expect to receive your refund if you E- file? Electronic filing is a quick way to get your money faster than the conventional mailing. Usually in 7 to 14 days. To find out more click here Electronic Filing. What is RAL and is it quicker than E-Filing? RAL stands for Rapid Anticipation Loan. You can usually be approved and receive your refund in about 24 hours. To find out more click here Rapid Anticipation Loan. Can the fees charged for filing my taxes be deducted directly from my refund? Yes if you select the RAL,RTC, and RTDD it will be deducted directly from your refund and save you the out of pocket expense. For definitions of RAL, RTC and RTDD click here Products and Services Can I pay my taxes with my credit card? Yes call us to find out how. I did not receive my W-2's by Jan.31 what can I do? The company that you work for has to have the W-2's postmarked by the 31st of January. They now enjoy a 15 day grace period. If you do not receive the W-2's by Feb. 16 contact us or the IRS and a form 4598 will be filed and sent to your employer and favorable results will be achieved. Try calling your employer and letting them know that you have not received them and most of the time they will be cooperative with you. I refinanced my home and was told to contact my tax advisor to see if the interest was tax deductible, is it? Yes it is but only to the market value of your house. Example being you own a house worth 85,000. You owe 82,000 when you refinanced the house the loan was for 10,000, only the interest on the 3,000 of the 10,000 is tax deductible. What is the deadline for making a contribution to my IRA? April the 15th of 2001 is the deadline for the tax filing season 2000. If I rollover an IRA into another conventional IRA is it taxable? No. If you roll it to a Roth IRA it is taxable at the time of the rollover but not after that. I am building a home is the building loan tax deductible? Yes it is if the house is going to be your main residence when it is complete and providing the house is complete within 2 years of the beginning of the interest deduction.