What do I need to bring for my Taxes to be Prepared?
Please Bring The Following Documents for your Tax Preparation:
Personal Tax Preparation
- If it’s your first time with us, please bring a copy of your last year’s tax return
W2 for self and spouse. - Driver’s Licenses for you and yours spouse and Social Security Cards for all dependents
- Mortgage Statement, Property Tax Receipt from the city for summer and winter taxes.
- Closing papers if house was purchased/refinanced/sold last year
- License Plate fee for the automobiles.
- Moving expense sheet if you have moved more than 50 miles for job purposes.
- Job search expenses, union fees, and membership fees, tax preparation fees.
- Log sheet for mileage if vehicle was used for business.
- Child care credit; child care provider name, address, federal Id and amount paid.
- Dividends from banks etc.
- Stock/buy sale receipts, year end brokerage statement.
- Rental income/expenses
- Self-employment income and expenses and asset purchases w/ dates.
- Other income from home based business (AMWAY, Quickstar, Avon etc.)
- 401K and IRA withdrawals information.
- Any other information that may be useful in preparing of your taxes
Incorporated Business tax Preparation
- Incorporation Papers with the State and/or County.
- Name, S.S. # and address for each owner, partner or member of the Corporation.
- Accounting Statements, Journal entries and end of year account balances
- Year End W-3, W-2, 1099-Misc, 940, 941 and other quarterly unemployment reports, or we can complete them for you
- Yearly Profit and loss statement.
- Last year’s tax return for the corporation or partnership.
- List of assets acquired, date of purchase and purchase price for current year
- Purchase agreement, if business was acquired during the tax year.
Call First for Appointment?
Appointment are Preferred but walk-ins are also welcome.
Electronic Filing Offered?
Yes
Refund Anticipation Checks Offered?
No
Drop-off Service Available?
Yes
How can I check on my tax refunds?
Tax Related Web-sites/phone numbers:
IRS www.irs.gov
IRS Get Refund Status.
IRS Inquiry Phone: 1-800-829-1040
IRS Refund Phone: 1-800-829-4477
What is an Enrolled Agent?
An Enrolled Agent (EA) is a federally-authorized tax practitioner who has technical expertise in the field of taxation and who is empowered by the U.S. Department of the Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service for audits, collections, and appeals.
What does the term “Enrolled Agent” mean?
“Enrolled” means to be licensed to practice by the federal government, and “Agent” means authorized to appear in the place of the taxpayer at the IRS. Only Enrolled Agents, attorneys, and CPAs may represent taxpayers before the IRS. The Enrolled Agent profession dates back to 1884 when, after questionable claims had been presented for Civil War losses, Congress acted to regulate persons who represented citizens in their dealings with the U.S. Treasury Department.
How does one become an Enrolled Agent?
The license is earned in one of two ways, by passing a comprehensive examination which covers all aspects of the tax code, or having worked at the IRS for five years in a position which regularly interpreted and applied the tax code and its regulations. All candidates are subjected to a rigorous background check conducted by the IRS.
How can Enrolled Agent help me?
Enrolled Agents advise, represent, and prepare tax returns for individuals, partnerships, corporations, estates, trusts, and any entities with tax-reporting requirements. Enrolled Agents¿ expertise in the continually changing field of taxation enables them to effectively represent taxpayers audited by the IRS.
Privilege and the Enrolled Agent
The IRS Restructuring and Reform Act of 1998 allow federally authorized practitioners (those bound by the Department of Treasury’s Circular 230 regulations) a limited client privilege. This privilege allows confidentiality between the taxpayer and the Enrolled Agent under certain conditions. The privilege applies to situations in which the taxpayer is being represented in cases involving audits and collection matters. It is not applicable to the preparation and filing of a tax return. This privilege does not apply to state tax matters, although a number of states have an accountant-client privilege.
Are Enrolled Agents required to take continuing professional education?
In addition to the stringent testing and application process, the IRS requires Enrolled Agents to complete 72 hours of continuing professional education, reported every three years, to maintain their Enrolled Agent status. NAEA members are obligated to complete 90 hours per three year reporting period. Because of the knowledge necessary to become an Enrolled Agent and the requirements to maintain the license, there are only about 46,000 practicing Enrolled Agents.
What are the differences between Enrolled Agents and other tax professionals?
Only Enrolled Agents are required to demonstrate to the IRS their competence in matters of taxation before they may represent a taxpayer before the IRS. Unlike attorneys and CPAs, who may or may not choose to specialize in taxes, all Enrolled Agents specialize in taxation. Enrolled Agents are the only taxpayer representatives who receive their right to practice from the U.S. government (CPAs and attorneys are licensed by the states).
Are Enrolled Agents bound by any ethical standards?
Enrolled Agents are required to abide by the provisions of the Department of Treasury’s Circular 230, which provides the regulations governing the practice of Enrolled Agents before the IRS.