{"id":25,"date":"2017-12-08T21:16:26","date_gmt":"2017-12-08T21:16:26","guid":{"rendered":"http:\/\/taxandaccountingspecialist.com\/?page_id=25"},"modified":"2017-12-14T17:51:42","modified_gmt":"2017-12-14T17:51:42","slug":"tax-preparation","status":"publish","type":"page","link":"https:\/\/taxandaccountingspecialist.com\/?page_id=25","title":{"rendered":"Tax Preparation"},"content":{"rendered":"<h4>We offer expert tax preparation for individuals and businesses.\u00a0 With over 30 years of local experience we can help you do your taxes correctly and to pay as little as possible!<\/h4>\n<h4>Here&#8217;s a list of things that you should bring to your tax preparation appointment, if they apply to you.\u00a0 Don&#8217;t get overwhelmed, that&#8217;s what we&#8217;re here for!\u00a0 Just bring as many of the listed, pertinent things and we will take it from there! As tax laws change, so will this list.<\/h4>\n<h5><strong>Tax Preparation for Personal Information<\/strong><br \/>\nThe IRS needs to know who is filing the tax return, as well as how many people are covered on it. To make this easy, they require:<\/h5>\n<ul>\n<li>\n<h5>Your Social Security number<\/h5>\n<\/li>\n<li>\n<h5>Your spouse\u2019s Social Security number (if married)<\/h5>\n<\/li>\n<li>\n<h5>Social Security numbers for any dependents<\/h5>\n<\/li>\n<\/ul>\n<h5><strong>Tax Preparation for Income Information<\/strong><br \/>\nThe following documents will help you prepare all the income information that you need to file a federal tax return:<\/h5>\n<ul>\n<li>\n<h5>W-2 Forms from all employers you (and your spouse, if filing a joint return) worked for during the past tax year.<\/h5>\n<\/li>\n<li>\n<h5>1099 Forms if you (or your spouse) completed contract work and earned more than $600.<\/h5>\n<\/li>\n<li>\n<h5>Investment income information (including: interest income, dividend income, proceeds from the sale of bonds or stocks, and income from foreign investments).<\/h5>\n<\/li>\n<li>\n<h5>Income from local and state tax refunds from the prior year.<\/h5>\n<\/li>\n<li>\n<h5>Business income (accounting records for any business that you own)<\/h5>\n<\/li>\n<li>\n<h5>Unemployment income<\/h5>\n<\/li>\n<li>\n<h5>Rental property income<\/h5>\n<\/li>\n<li>\n<h5>Social Security benefits<\/h5>\n<\/li>\n<li>\n<h5>Miscellaneous income (including: jury duty, lottery and gambling winnings, Form 1099-MISC for prizes and awards, and Form 1099-MSA for distributions from medical savings accounts)<\/h5>\n<\/li>\n<\/ul>\n<h5><strong>Tax Preparation for Income Adjustments<\/strong><br \/>\nThe following adjustments can help reduce how much you owe in taxes, and in turn, increase your chance of receiving a tax refund:<\/h5>\n<ul>\n<li>\n<h5>Homebuyer tax credit<\/h5>\n<\/li>\n<li>\n<h5>Green energy credits<\/h5>\n<\/li>\n<li>\n<h5>IRA contributions<\/h5>\n<\/li>\n<li>\n<h5>Mortgage interest<\/h5>\n<\/li>\n<li>\n<h5>Student loan interest<\/h5>\n<\/li>\n<li>\n<h5>Medical Savings Account (MSA) contributions<\/h5>\n<\/li>\n<li>\n<h5>Self-employed health insurance<\/h5>\n<\/li>\n<li>\n<h5>Moving expenses<\/h5>\n<\/li>\n<\/ul>\n<h5><strong>Tax Preparation for Credits and Deductions<\/strong><br \/>\nThere are many tax credits and tax deductions for various expenses, which are designed to help lower the amount of tax that an individual has to pay:<\/h5>\n<ul>\n<li>\n<h5>Education costs<\/h5>\n<\/li>\n<li>\n<h5>Childcare costs<\/h5>\n<\/li>\n<li>\n<h5>Adoption costs<\/h5>\n<\/li>\n<li>\n<h5>Charitable contributions\/donations<\/h5>\n<\/li>\n<li>\n<h5>Casualty and theft losses<\/h5>\n<\/li>\n<li>\n<h5>Qualified business expenses<\/h5>\n<\/li>\n<li>\n<h5>Medical expenses<\/h5>\n<\/li>\n<li>\n<h5>Job and moving expenses<\/h5>\n<\/li>\n<\/ul>\n<h5><strong>Tax Preparation for Direct Deposit<\/strong><br \/>\nAre you interested in having your tax refund directly deposited into your bank account? If so, you will need to provide two things:<\/h5>\n<ul>\n<li>\n<h5>Your bank account number<\/h5>\n<\/li>\n<li>\n<h5>The bank\u2019s routing number<\/h5>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We offer expert tax preparation for individuals and businesses.\u00a0 With over 30 years of local experience we can help you do your taxes correctly and to pay as little as possible! Here&#8217;s a list of things that you should bring to your tax preparation appointment, if they apply to you.\u00a0 Don&#8217;t get overwhelmed, that&#8217;s what [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":2,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-25","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/taxandaccountingspecialist.com\/index.php?rest_route=\/wp\/v2\/pages\/25","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/taxandaccountingspecialist.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/taxandaccountingspecialist.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/taxandaccountingspecialist.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/taxandaccountingspecialist.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25"}],"version-history":[{"count":0,"href":"https:\/\/taxandaccountingspecialist.com\/index.php?rest_route=\/wp\/v2\/pages\/25\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/taxandaccountingspecialist.com\/index.php?rest_route=\/wp\/v2\/pages\/2"}],"wp:attachment":[{"href":"https:\/\/taxandaccountingspecialist.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}