Your personal information; mainly your SSN and date of birth, current address, all W-2s, 1099’s and other tax documents you receive from employers and financial institutions. The names, DOB and SSN of your spouse and dependents. Records of deductions such as medical, taxes paid and charitable gifts. (See list below for items that you may or may not need).

PERSONAL INFORMATION FOR EACH FAMILY MEMBER:

• Name
• Date of Birth
• Social Security Card /ITIN/ATIN
• Last Year’s Tax Return
• Valid Driver’s License

INCOME AND TAX INFORMATION:

• W-2’s
• Interest or substitute
• Dividend Slips
• Stock Sales or Broker Statement
• Self-Employment Income and Expenses
• Sale of a Personal Residence
• Rental Income and Expenses
• Sale of any Business Assets
• Gambling or Lottery Winnings
• State Income Tax Refund
• Pension Income
• Estimated Taxes Paid
• Social Security or Railroad Retirement
• IRA or 401(k) Distribution
• Unemployment Compensation
• Miscellaneous Income

DEDUCTIONS/ADJUSTMENTS:

• Medical Expenses
• Real Estate or Personal Property Taxes
• Mortgage Interest
• Charitable Contributions (cash and non-cash)
• Employee Business Expenses
• Gambling Losses
• Moving Expenses
• Traditional IRA Contributions
• Higher Education Expenses
• Educator Expenses
• Student Loan Interest

TAX CREDITS:

• Child Care Provider/Address and Employer Identification Number (EIN) or Social Security Number (SSN)
• Adoption Expenses
• Retirement Savings Contributions Credit

Our in home fees average between $100 and $400 depending on the complexity of your return and the number of schedules and forms needed. Discounts apply if you send us your data and the return is done at our office..

Yes, you can have your tax preparation fee deducted from your refund. Our firm has to pay a small fee for this service. The $15 to $20 fee is passed on to you.

No! Our objective is to offer you the most cost effective tax-preparation service possible and have you keep more of your own money. “Instant refunds” can take up to 4 days to process…the same amount of time you can receive your state refund. The fees that the large national firms charge for these loans can cost anywhere from 300% to over 1,000% interest on the refund amount. We will not do that to our clients.

It has been our experience in the last few years that a state refund is direct deposited in five to ten days after acceptance. The Federal refund will take between 8 to 15 days for direct deposit under normal circumstances, but is not guaranteed.

Yes, you can as long as you keep good records in case you are ever audited by the IRS. Be sure to record the name of the organization, the date and location, as well as a detailed description of what you donated. Keep notes on the amount you claimed as a deduction and how you figured the fair market value on the items you donated. In the case of a monetary donation, as long as it’s less than $250, a canceled check or even a payroll deduction can suffice for proof of the donation.

Typically, general home repairs cannot be deducted from your taxes. Home repairs are meant to keep your home in good condition, but do not increase the value of your home. However, if you live in a “federally declared disaster area” and your home is affected, then you can claim the cost to repair the damages. If you use part of your home as a principal place of business, some repairs can be deducted, but you must itemize your deductions.

Depending on which Chapter you filed for, taxes may not be exempt. With Chapter 7 bankruptcy, federal taxes are exempt from discharge. When filing Chapter 13 bankruptcy, it is very important to file and pay your taxes during the bankruptcy proceedings because the court can dismiss your claim if you fail to meet this requirement. Dismissing the claim leaves you responsible for all of your debts. For further tax information on bankruptcy, read the IRS Publication 908 (10/2012), Bankruptcy Tax Guide.

Generally, property received as an inheritance is not included in your income. However, if property you receive this way later produces income such as interest, dividends, or rents, that income is taxable to you.

The main reason for filing taxes electronically (e-filing) is to get your refund faster. Twenty-four hours after sending your tax return, the IRS will send you a confirmation of receipt or a rejection notice. Generally, e-filing is safer and faster than filing on paper..

The ‘Where’s My Refund’ tool on the IRS website provides the most up-to-date information regarding the status of your refund. This tool is updated every 24 hours.