Can I claim my step child or foster child as a dependent?

Yes, if they meet age, support, and income criteria, step children and foster children can be claimed as dependents alongside biological children.

I support my parents financially. Can I claim them as dependents on my tax return?

Potentially, if they have limited income and rely on your support, and if no other family members also claim them. Specific rules apply to ensure only one person can claim the dependent.

Arena & Harrison Certified Public Accountants, Inc.

Trusted expertise is just a phone call away.

Accountant in Columbus, OH (show on map)

4.2

★★★★☆

5 reviews

Personalized accounting and tax services with a focus on individual attention and comprehensive solutions.

Call (614) 878-7167

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About

Arena & Harrison CPA’s, Inc. provides a full range of professional accounting services, including accounting software selection and implementation, audits, reviews, compilations, bookkeeping, business consulting, entity selection, buying or selling a business, estate and trust tax preparation, financial analysis, financial statements, IRS representation, management advisory services, notary public, payroll services, retirement planning, sales tax services, and tax preparation and planning. The firm emphasizes personalized attention and tailored advice to meet each client's unique needs.

Personalized client attention

Comprehensive service range

Expertise in tax and accounting

Services

Accounting Software Selection & Implementation

Assistance in choosing and setting up accounting software tailored to the client's business needs.

Customized software selection Installation and configuration Training for staff

Audits, Reviews, and Compilations

Professional examination of financial records to ensure accuracy and compliance.

Full audits Independent reviews Compilations for non-audit clients

Bookkeeping/Write-Up

Ongoing maintenance of financial records and preparation of financial statements.

Daily transaction recording Monthly financial statement preparation Reconciliation services

Business Consulting

Strategic advice to improve business operations and financial health.

Operational analysis Financial strategy development Process optimization

Business Entity Selection

Guidance on choosing the most appropriate legal structure for a business.

Comparison of entity types Tax implications analysis Compliance considerations

Buying or Selling a Business

Comprehensive support throughout the transaction process.

Valuation services Due diligence Negotiation support Closing coordination

Credentials & Certifications

CPA

Enrolled Agent

MBA

Certified Financial Planner

Notary Public

Reviews

Rating

4.2

★★★★☆

Reviews

"On-site services"

Frequently Asked Questions

How long will it take for you to prepare and file my tax return? +

Preparation time depends on the complexity of the return. Providing all relevant records upfront minimizes delays. Generally, schedule your appointment several weeks before the IRS deadline to ensure timely filing.

Is e-filing my tax return safe? +

Yes, as long as you use reputable platforms and avoid public Wi-Fi without a VPN. Encryption protects your data, but transmitting over unsecured networks can expose it.

What should I do if I cannot pay the full amount of tax I owe by the deadline? +

Pay as much as possible immediately, then submit an installment plan proposal to the IRS detailing affordable monthly payments. This helps minimize penalties and interest.

How long will it take to get my IRS refund? +

Electronic filings typically receive refunds within 21 days after acceptance. Paper filings may take six weeks or more. Direct deposit speeds up receipt, while mailed checks add extra time.

Is getting a big IRS refund in the spring the best possible tax outcome? +

A large refund means you overpaid throughout the year, reducing your take-home pay. Adjusting withholdings or estimated taxes can provide better cash flow and avoid unnecessary overpayment.

Can a person qualify for more than one tax filing status? +

Yes. Married couples can file jointly or separately, and unmarried individuals with dependents may qualify as single or head of household, depending on circumstances.

Does an automatic 6-month IRS filing extension give me more time to pay my taxes? +

No, the extension only delays filing. You must still pay the owed tax by the original deadline to avoid penalties and interest.

I have heard that if I do not owe any tax, I don't have to file a return. Is that true? +

Only if your income is below the standard deduction threshold. Otherwise, you may need to file to claim credits or avoid penalties, even if you owe no tax.