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Download Our Tax Preparation Checklist!

Before you begin to have us prepare your income tax return, go through the following checklist and make sure you have what’s included

Tax Preparation for Individuals, Investors, and Businesses


Today’s tax laws are so complicated that unless your financial affairs are extremely simple, chances are you will benefit from at least occasional help from a tax professional. It is too easy to overlook deductions and credits to which you are entitled if you prepare only one return a year. Even the use of computer software is no substitute for the assistance of a seasoned tax preparer.

As an individual/family, when you file with us you’ll receive:

– Your tax return will be checked and rechecked by our computer software identifying potential problems the IRS may look at more closely and reviewing the math to limit IRS contacts.
– Your tax return can be filed electronically so you will get a refund back quicker.
– Our staff will show you how to adjust your payroll withholding to get more money back each week. Why give the IRS an interest free loan for up to 16 months.
– We will show you potential deductions to limit your tax liability for next year. In addition, we will give you a sheet of commonly overlooked deductions to limit the following year’s tax liability.

As a business, when you file with us you’ll receive:

– We’ll prepare your bookkeeping for the year (if needed), prepare a full Schedule C, as well as your personal income tax return. Then we’ll help you set up an easy system that allows you to keep your books in tip-top shape next year.

 

Here’s a Tax-cutting Checklist to get you started. Check the list below to see if there are tax breaks that you’re overlooking:

 

For Individuals:
Roth IRA – Roth 401(k) if employer’s plan permits – Rollover to Roth IRA – Tax-deductible IRA – Child tax credit – Child care credit – Earned income credit – Annual gifts to reduce estate – Education savings accounts – Education expenses – American opportunity tax credit – Lifetime learning credit – Bunching deductions – Flexible spending accounts – Health savings account – Donating appreciated assets instead of cash – Qualifying property for personal residence gain exclusion – Best filing status – Shifting income or deductions from year to year – Adoption expense credit

For Investors:
Tax-free municipal bonds – Long-term capital gains – Rental property – Tax-free exchange – Low-income housing credit – Small business stock rollover

For Businesses:
Home office deduction – Keogh plan – SIMPLE plan – SEP – 401(k) plan – First year expensing of business equipment – Year-end bonuses – Bad debt write-off – Disabled access credit – Other business tax credits – Tax-free exchange

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You can Send Your Files using the form Below!

You can attach files one by one, using a zipped file, using Google Drive, using Drop Box, or by sending us an email (salvationtaxservices@gmail.com).

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