Frequent Questions:

·         Fill out these questions for all dependents? Please save to a PDF the questions & answers when you are done, this is what I need to use on the return.

·         If car used for business, please provide me with the following info:

·         Year/Make/Model of car used:

·         Business Miles Driven:

·         Personal Miles Driven (only if we are NOT taking the mileage deduction):

·         Did you have another vehicle available for personal use?

·         What is the date you began using this car for business?

·         If any non-cash donations, fill out the attached template to determine fair market value (only if over $500, if under, just provide me with the dollar figure of the estimated donation value).

·         1095-A for health insurance if premium tax credit was received.

·         Final profit & loss for business for 01/01/19 – 12/31/19 (2019) in CASH basis (not Accrual).

·         Final balance sheet as of 12/31/19 for business in CASH basis (not Accrual).

·         What percentage would you estimate you used your phone for business? I advise no more than 90% if it is your only phone.

·         If you want to pull a “Wage & Income” tax transcript from the IRS website, each taxpayer will have to setup an account with the IRS on this website. Have your most recent tax year, phone, email and a credit card under your SSN ready to be able to setup your account (they don’t charge you, but they verify with the last 8 digits of your CC number).

·         We will determine if you want to make any estimated payments by 10/15/20 if we cannot get your return complete in time to limit your penalties and interest on an outstanding balance. If you have a refund, you will have no penalties or interest.

·         Please fill out the highlighted cells in the attached Home Office spreadsheet.