FAQs

The current deadline for personal taxes is April 15.

Below is a list of documents to bring with you to help file your taxes

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 (1099-INT or substitute)
• Dividend Slips (1099-DIV or substitute)
• Stock Sales (1099-B or Broker Statement)
• Self-Employment Income and Expenses
• Sale of a Personal Residence
• Rental Income and Expenses
• Sale of any Business Assets
• Sale of any Cryptocurrency 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)

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

The main reason for filing taxes electronically (e-filing) is to get your refund faster. 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.

Your mortgage company should send you Form 1098 which reports the mortgage interest you paid. 

Your landlord should provide you with a Certificate of Rent Paid (CRP). The CRP shows how much rent you paid during the previous year.

If you file your tax return more than 60 days late, the minimum failure-to-file penalty will be 100% of your unpaid taxes or $210, whichever is smaller. The failure-to-pay penalty is 0.5% of your balance due for each month (or part of a month) in which your taxes remain unpaid.

Very few people actually enjoy filing their own taxes. Even with the help of tax software, the risk of running into problems and making mistakes still exists. In addition, tax software programs are unable to take into consideration every single special circumstance or unique financial situations, and unfortunately, this can cost you money.

We strive to offer personal and ethical tax services that can help our clients maximize their returns while minimizing the risk of unnecessary IRS involvement.