FREQUENTLY ASKED QUESTIONS
Preparation and Filing
How does the tax preparation process work in your office?
It’s easy. You provide us with your tax documents. We let you know when your return is complete. Obviously, we will contact you with any questions that arise in preparing your return. You also have the opportunity during the intake process to alert us to anything out of the ordinary.
Once the return is complete, you will have the opportunity to schedule a review appointment with our head return preparer to review the return and ask any questions you may have.
How much does a tax return cost?
Our tax preparation fees are set each year on a per form basis. Returns start in the high $100s and a complex return will have a higher invoice amount.
Because the fees are based on the forms contained in the return, we won’t know until the return is complete how much it will cost. Once the return is complete, our software will print an invoice — and viola — that’s the cost of the return.
Despite the draw back of not knowing what the ultimate cost will be, we believe a per form pricing model is more fair to all involved. We stand by our value proposition and as a result,
WE GUARANTEE that you are under no obligation to purchase the tax return if you are not satisfied with the value received.
What this means is you don’t pay us anything until the return is complete and you are satisfied with the services received.
What documents should I receive from my employer?
What documents do I need if I am unemployed?
What documents do I need if I am self-employed?
If you are not sure what expenses qualify for a business deduction, list them all and we will determine that for you. We have a worksheet we can provide, just call us at (843) 510-7600 today.
What documents do I need if I am divorced?
What information/paperwork will you need to prepare my return?
PERSONAL INFORMATION FOR EACH FAMILY MEMBER:
- Name (First Middle Initial and Last)
- Date of Birth
- Social Security Number /ITIN/ATIN
DOCUMENTS REQUIRED FOR FIRST TIME CLIENTS:
- Last Year’s Tax Return
- Valid State Issued ID Card
- Social Security Card
- Birth Certificates for Minor Dependents
INCOME AND TAX INFORMATION:
- Interest (1099-INT or substitute)
- Dividend Slips (1099-DIV or substitute)
- Stock Sales (1099-B or Broker Statement)
- Self-Employment Income and Expenses (1099-NEC/1099-MISC)
- Sale of a Personal Residence (1099-S)
- Rental Income and Expenses (1099-MISC)
- Sale of any Business Assets
- Gambling or Lottery Winnings (W-2G for some winnings)
- State Income Tax Refund (1099-G)
- Pension Income (1099-R)
- Estimated Taxes Paid
- Social Security or Railroad Retirement (SSA-1099 or RRB-1099)
- IRA or 401(k) Distribution (1099-R)
- Unemployment Compensation (1099-G)
- Miscellaneous Income (1099-MISC)
- 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
- Child Care Provider/Address and Employer Identification Number (EIN) or Social Security Number (SSN)
- Adoption Expenses
- Retirement Savings Contributions Credit
When is the deadline to file my taxes?
Partnership and S-Corporation business tax returns are due on March 15 with a 6-month extension to September 15.
C-Corporation business tax returns are due on April 15 with a 6-month extension to October 15.
In order for the due date to be extended you have to request the extension before the original deadline. The extension only applies to filing (and not paying).
If any deadline falls on a weekend or holiday, the deadline is extended to the next business day.
If you aren’t sure which deadline applies to you call us today at (843) 510-7600.
When is the earliest I can file my taxes?
However, to electronically file your tax return the IRS has to open up the e-file system. Typically, e-filing begins in mid- to late-January.