Frequently Asked Questions:
Expert Tax & Business Insights
Navigating the IRS tax code and Texas business regulations can be complex. At D&D Tax Solutions, we believe in empowering our clients with clear, actionable information. Below are the most common questions our clients in the Dallas-Fort Worth area ask about personal taxes and business growth.
General & Personal Tax FAQ
For most individual taxpayers, the deadline to file Federal income tax returns is April 15th. However, if you are a business owner or have complex investments, you may need to file quarterly estimates or apply for an extension. We recommend starting your preparation in January to ensure maximum accuracy.
To ensure we maximize your refund, please provide all income statements (W-2s, 1099s), records of expenses (mortgage interest, student loan statements), and documentation for credits like childcare or energy-efficient home improvements. For a full checklist, contact our office.
While software is a tool, a tax professional is a strategist. We identify deep-level deductions, provide audit protection, and offer year-round advice that software cannot. Our goal is to ensure you never pay a dollar more than the law requires—saving you more in the long run than the cost of our service.
Never skip filing because you can’t pay. Filing on time avoids the “failure-to-file” penalty, which is much higher than interest. We can help you negotiate IRS payment plans or an Offer in Compromise to resolve your debt in a manageable way.
Business Formation & Corporate Tax FAQ
The “best” entity depends on your goals. An LLC (Limited Liability Company) is excellent for asset protection and flexibility, while an S-Corp can often save established business owners thousands in self-employment taxes. We analyze your specific revenue projections to recommend the structure that keeps more money in your pocket.
Protecting your assets starts with proper Business Entity Formation. By legally separating your personal and business identities through an LLC or Corporation, you create a “corporate veil.” Our service ensures your filings, operating agreements, and bylaws are robust enough to maintain this protection.
Most entities formed or doing business in Texas are subject to the Texas Franchise Tax. Even if you don’t owe tax because you are below the “No Tax Due” threshold, you are still required to file a report to keep your business in good standing. We handle these filings for all our North Texas business clients.
Costs vary based on the complexity of your structure and state filing fees. At D&D Tax Solutions, we provide transparent pricing that includes your state filing, EIN acquisition, and custom governing documents. We view this as a foundational investment that prevents expensive legal and tax mistakes later.
Form 990 is the annual information return required for tax-exempt organizations. It is a public document that proves to the IRS and your donors that your non-profit is operating with integrity. Missing three consecutive filings results in the automatic loss of your tax-exempt status, which is why professional oversight is critical.
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Get answers to your most common tax questions. Expert insights on IRS deadlines, business entity selection, & tax-saving strategies for North Texas residents.
Tax FAQ, IRS Deadlines 2026, Tax Saving Tips, Business Registration Questions