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Frequently Asked Questions
We know that the world of taxes and financial paperwork can be confusing, especially if it’s your first time or if you prefer service in Spanish.
That’s why at LRC Tax Services, we’ve gathered the most common questions we receive from our clients—so you can get clear and quick answers when you need them most.
Whether you’re about to register your business, file your tax return, or simply want to better understand your tax obligations, this section is designed just for you.
What is E-File and Why Is It a Smart Choice?
E-File is the fastest and safest way to submit your tax return to the IRS. By filing electronically, you reduce the chance of errors and receive your refunds much faster.
Do I need a W-2 or a 1099 form?
If you’re an employee, your employer will provide you with a W-2. If you’re a contractor or freelancer, you’ll receive a 1099. Both must be included in your tax return.
What if I don’t have a Social Security Number?
You can apply for an ITIN (Individual Taxpayer Identification Number) using Form W-7. It allows you to file taxes even if you don’t have a Social Security Number (SSN).
How do I get an ITIN and how long does it take?
We help you complete Form W-7 correctly. The process usually takes between 7 to 11 weeks if all your documents are valid.
I received a letter from the IRS, what should I do?
Don’t panic! We’ll help you understand the letter and represent you during federal or state audits to protect your rights.
What is an EIN and what is it used for?
The EIN (Employer Identification Number) is like your business’s Social Security Number. It’s required to register your business, open bank accounts, and file taxes.
Can I register a business if I’m not a citizen?
Yes. Even with an ITIN, you can register a business and obtain an EIN. We guide you step-by-step through the IRS and State processes.
Should I file taxes even if I earn a small income?
Yes, you should file taxes even if you earn a small amount. Filing helps you stay compliant, may qualify you for refunds or credits, and builds a record for future financial needs.
What should I do if I made a mistake on my previous tax return?
We can help you file an amendment (Form 1040X) to correct mistakes and avoid future issues with the IRS.
When is the best time to file my taxes?
The sooner, the better! This helps you avoid delays, gives you time to fix any errors, and you might get your refund faster.