Individual Taxes

Individual Taxes

We offer tax services for individuals and families.  There are over 800 various forms and schedules and over the last 10 years the tax code has changed on average 442  times each year.  It would be our pleasure to provide professional tax preparation services for you and your family.   According to the National Society of Accountants,  preparers charge an average of $246 to prepare an itemized Form 1040 with a Schedule A.  We can provide this service for a substantially lower  rate than the national average.

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Individuals file the 1040 series along with any necessary schedules and appropriate forms.  Below are some of the more popular.  This should give you an idea of what kind of supporting documentation you should bring to our initial meeting.  We have also created this pdf to use for an income tax preparation checklist.

Form 1040
Form 1040A
Form 1040EZ

Schedule A itemizes allowable deductions against income; instead of filling out Schedule A, taxpayers may choose to take a standard deduction of between $5,700 and $15,800 (for tax year 2010), depending on age, filing status, and whether the taxpayer and/or spouse is blind.
Schedule B enumerates interest and/or dividend income, and is required if either interest or dividends received during the tax year exceed $1,500 from all sources or if the filer had certain foreign accounts.
Schedule C lists income and expenses related to self-employment, and is used by sole proprietors.
Schedule D is used to compute capital gains and losses incurred during the tax year.
Schedule E is used to report income and expenses arising from the rental of real property, royalties, or from pass-through entities (like trusts, estates, partnerships, or S corporations).
Schedule EIC is used to document a taxpayer’s eligibility for the Earned Income Credit.
Schedule F is used to report income and expenses related to farming.
Schedule H is used to report taxes owed due to the employment of household help.
Schedule J is used when averaging farm income over a period of three years.
Schedule L is used to figure an increased standard deduction in certain cases.
Schedule M (2009 and 2010) is used to claim the Making Work Pay tax credit (6.2% earned income credit, up to $400).[2]
Schedule R is used to calculate the Credit for the Elderly or the Disabled.
Schedule SE is used to calculate the self-employment tax owed on income from self-employment (such as on a Schedule C or Schedule F, or in a partnership).

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