Organizing taxation documents and readying those up for filing your returns is definitely not a piece of cake for most individuals. It takes thorough knowledge of the latest tax legislations and an entire gamut of associated formalities needs to be met in the process of filing your personal tax returns. This makes the entire process intricate and time-consuming for an average individual. Why not opt for an efficient and reliable option and transfer all your anxieties by employing us to prepare and file your annual taxes? Our team will prepare tax documents and manage taxation related concerns for an individual or a family.
While preparing your return, we can also offer you tax planning services. Tax planning varies on a per individual basis. A single tax solution cannot possibly suit every individual. It depends on a variety of factors such as an individual’s income, assets and age. A personal tax service will consider all thes aspects and aids you to arrive at a comprehensive tax planning solution that best suits your requirements and financial position.
Most of us would rather spend the time required to prepare and submit tax returns doing something more fruitful. Dealing with taxation is a reality of our lives and it should be handled professionally so as to gain maximum advantage out of tax reliefs and allowances. Turning to a professional Enrolled Agent is a wise decision to avoid wastage of time, resources and most importantly your attention. Hand over your taxation concerns to your personal tax service and ensure timely and efficient tax management.
You should always shop around to make sure you are paying the lowest fees for your tax preparation. We know that you'll find our fees to be the lowest out there. Just give us a call, and we'll give you a free quote right over the phone!
Below is a list of items you should bring to our office so that we can prepare your return quickly and correctly:
Your social security number
Your spouse's full name and social security number
Amount of any alimony paid and ex-spouse's social security number
Your 2012 tax return. Your Tax Professional can check it for accuracy
Dates of birth and social security numbers
Childcare records (including the provider's ID number) if applicable
Approximate income of other adults in your home (not spouse, if you're filing jointly)
Form 8332, copies of your divorce decree, or other documents showing who may claim a particular dependent
Earned Income Credit
Proof that any dependents you are claiming live with you must be provided. This may include school records, doctor's bills, letter from a clergy, invoice from your daycare, or a letter from any government agency. This proof must have the dependent's name and your address listed on it.
If you are claiming a dependent is disabled, proof of disability must be provided. This can be a statement from a doctor or hospital, or a copy of a letter from Social Security Disability. The proof must have the dependent's name on it.
Bills from the educational institution or anything else that itemizes what you paid or received loans for versus what was covered by scholarship or other financial aid
Forms 1098-T and 1098-E, if you received them
Scholarships and fellowships
Pension/IRA/annuity income (1099-R)
Social security/RRB income (1099-SSA, RRB-1099)
Amount contributed for 2013 (and 2014, if applicable)
Traditional IRA basis
Value of IRAs on Dec. 31, 2013
Interest, dividend income (1099-INT, 1099-OID, 1099-DIV)
Income from sales of stock or other property (1099-B, 1099-S)
Dates of acquisition and records of your cost or other basis in property you sold
Forms 1098 or other mortgage statements
Amount of state/local income tax paid (other than wage withholding), or amount of state and local sales tax paid
Real estate and personal property tax records
Invoice showing amount of vehicle sales tax paid
HUD statement showing closing date of home purchase
Cash amounts donated to houses of worship, schools, other charitable organizations
Records of non-cash charitable donations
Amounts paid for healthcare insurance and to doctors, dentists, hospitals
Amounts of miles driven for charitable or medical purposes
Expenses related to your investments
Amount paid for preparation of your 2010 tax return
Employment-related expenses (dues, publications, tools, uniform cost and cleaning, travel)
Forms 1099-MISC, Schedules K-1, income records to verify amounts not reported on 1099s.
Records of all expenses — check registers or credit card statements, and receipts
Business-use asset information (cost, date placed in service, etc.) for depreciation
Office in home information, if applicable
Total miles driven for the year (or beginning/ending odometer readings)
Total business miles driven for the year (other than commuting)
Amount of parking and tolls paid
If you want to claim actual expenses, receipts or totals for gas, oil, car washes, licenses, personal property tax, lease or interest expense, etc.
Records of income and expenses
Rental asset information (cost, date placed in service, etc.) for depreciation
Unemployment, state tax refund (1099-G)
Gambling income (W-2G or records showing income, as well as expense records)
Amount of any alimony received and ex-spouse's name
Health care reimbursements (1099-SA or 1099-LTC)
Jury duty records
Hobby income and expenses
Prizes and awards
City/county you lived/worked/had property in
Records to support property losses (appraisal, clean up costs, etc.)
Records of rebuilding/repair costs
Insurance reimbursements/claims to be paid