1. How do I get started with Caveman Tax?
To begin, please book a call on our website. After we discuss your taxes, you’ll receive a link to create your secure account and start uploading your tax information and forms.
2. What is the cost for tax preparation?
Our fee is $150 for federal tax preparation. We also prepare your state taxes for free as part of our service.
3. How long will it take to file my taxes?
Once all documents are uploaded and complete, federal and state returns are typically prepared within 2-5 business days. We’ll notify you if additional information is needed or if there are delays.
4. How do I securely upload my tax documents?
Once your account is created, you’ll have access to a secure portal where you can upload all required tax documents. This ensures your personal information remains confidential and protected.
5. What happens after I upload my forms?
After uploading your forms:
- We’ll review all your documents for accuracy and completeness.
- We may contact you for clarification or additional documents if necessary.
- Once your taxes are prepared, we’ll send you a copy to review before submission.
- Upon your approval, we’ll file your federal and state returns electronically.
6. What do independent contractors need to provide for a Schedule C?
To file your taxes as an independent contractor, please provide the following:
• All 1099-NEC forms received from clients.
• A detailed record of business expenses (e.g., tools, equipment, travel, and meals).
• Mileage logs if you used your vehicle for business purposes.
• Bank statements or records of income not reported on a 1099.
• Any receipts or documentation for purchases related to your work.
• Your Employer Identification Number (EIN) or Social Security Number (if applicable).
7. What if I own cryptocurrency?
If you own or have traded cryptocurrency in 2025, please provide:
• A record of all crypto transactions, including dates, amounts, and types of transactions (e.g., buys, sells, trades, or exchanges).
• Any Form 1099-B or 1099-K received from crypto exchanges.
• The fair market value of any cryptocurrency received as payment or mined.
Note: If you’re unsure about your records, check with your crypto exchange for a transaction report.
8. What should I know about taxes for homeowners?
If you’re a homeowner, you can provide information for potential deductions, such as:
• Mortgage interest statement (Form 1098).
• Property tax receipts.
• Proof of any home upgrades (e.g., receipts or invoices for solar panels, energy-efficient windows, or HVAC systems) that qualify for tax credits.
Common homeowner questions:
• Can I deduct mortgage interest?
Yes, if you itemize deductions, mortgage interest may be deductible.
• Do solar panels qualify for a tax credit?
Yes, the federal government offers a tax credit for qualifying energy-efficient home improvements, including solar panels. Provide receipts and installation dates.
• Can I deduct home office expenses?
If part of your home is exclusively used for business, you may qualify for a home office deduction. Provide square footage of the office space and the total area of your home.
9. Do you handle amendments or prior-year tax returns?
Yes, we can help amend previous tax returns or file prior-year taxes. Contact us for details and additional pricing.
10. How do I contact Caveman Tax for support?
For assistance, you can reach out to us via:
• Email: support@cavemantax.com
11. Refund Timeline
Most refunds are issued by the IRS within 21 days of electronic filing, provided there are no errors or complications with your return. State refunds may vary, and processing times depend on your state’s tax agency. Once filed, you can track your federal refund using the IRS “Where’s My Refund” tool. For CA status use the Refund Status tool.
12. Penalties for Missing Deadlines
The IRS filing deadline for the 2025 tax year is April 15, 2025. Filing late without an extension may result in a Failure-to-File penalty of 5% of unpaid taxes per month, up to 25%. To avoid penalties, ensure you upload all documents to Caveman Tax by March 31, 2025 to allow sufficient time for preparation and filing.