PERSONAL
tax returns
PERSONAL INCOME TAX
At Driscoll & Associates, tax planning is essential to our clients future. To ensure this, we do proper tax planning with each client we serve. Each client can expect to meet with a Driscoll & Associates Certified Tax Preparer to review their past and present tax situation. By taking time to understand each clients goals and objectives, we are able to successfully complete your income tax preparation and filing.
BACK TAX YEAR FILINGS
At Driscoll & Associates, tax planning is essential to our clients future. To ensure this, we do proper tax planning with each client we serve. Each client can expect to meet with a Driscoll & Associates Certified Tax Preparer to review their past and present tax situation. By taking time to understand each clients goals and objectives, we are able to successfully complete your income tax preparation and filing.
TAX RESOLUTION
At Driscoll & Associates, tax planning is essential to our clients future. To ensure this, we do proper tax planning with each client we serve. Each client can expect to meet with a Driscoll & Associates Certified Tax Preparer to review their past and present tax situation. By taking time to understand each clients goals and objectives, we are able to successfully complete your income tax preparation and filing.
AUDIT REPRESENTATION
At Driscoll & Associates, tax planning is essential to our clients future. To ensure this, we do proper tax planning with each client we serve. Each client can expect to meet with a Driscoll & Associates Certified Tax Preparer to review their past and present tax situation. By taking time to understand each clients goals and objectives, we are able to successfully complete your income tax preparation and filing.
NEW CLIENTS
If you are a new client looking for individual tax preparation services, please call our office at 951-296-9393 to schedule an initial phone consultation. During the initial phone consultation, you can expect to review your accounting needs directly with a Driscoll & Associates Certified Tax Preparer who will discuss what statements and information will be needed for your in-person meeting.
Typically, tax organizers are only provided to return clients. As a new client, we want to take the the opportunity to learn about you and your needs so you understand all documentation needed to successfully complete your individual tax filing, such as deductions, health insurance, mortgages, child care, educational expenses and any health savings account.
RETURNING CLIENTS
If you are a returning Driscoll & Associates client, please email all individual tax filing information to admin@driscollandassociates.net. This includes any and all documentation needed to successfully complete your individual tax filing, such as deductions, health insurance, mortgages, child care, educational expenses and any health savings account. Once received, our administration desk will contact you to confirm receipt.
Once received, you can expect your filing and return to be reviewed. Prior to completion, you will receive a phone call to schedule a phone conversation or in-person meeting to complete your filing. During this private meeting, you will have the opportunity to discuss any questions or concerns you have with a Driscoll & Associates Certified Tax Preparer regarding your individual tax filing. If you do have any questions on what to mail our office, please call 951-296-9393.
WHAT TO BRING
W-2 Forms
Salary & Wages
Dependent Information
Birth date, Social security information
Prior Year Income Tax Returns
*If a new client.
Form 1099
Including: non-employee compensation, interest, dividends, state tax refund, capital gains and losses, IRA distributions, pension contributions, etc.
Real Estate Property
Including: Property Tax bills, copies of Real Estate Closing Documents regarding the sale/purchase of real property
Documentation Supporting Small Business Revenue & Expenses
Including: Automobile Mileage Logs, Travel, Meals and Entertainment.
NO EXTENSION IN 2021
Directly from the IRS website:
IR-2021-59, March 17, 2021: WASHINGTON —
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"The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days.
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This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities," said IRS Commissioner Chuck Rettig. "Even with the new deadline, we urge taxpayers to consider filing as soon as possible, especially those who are owed refunds. Filing electronically with direct deposit is the quickest way to get refunds, and it can help some taxpayers more quickly receive any remaining stimulus payments they may be entitled to."
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Individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and interest, regardless of the amount owed. This postponement applies to individual taxpayers, including individuals who pay self-employment tax. Penalties, interest and additions to tax will begin to accrue on any remaining unpaid balances as of May 17, 2021. Individual taxpayers will automatically avoid interest and penalties on the taxes paid by May 17.
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Filing Form 4868 gives taxpayers until October 15 to file their 2020 tax return but does not grant an extension of time to pay taxes due. Taxpayers should pay their federal income tax due by May 17, 2021, to avoid interest and penalties.
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The IRS urges taxpayers who are due a refund to file as soon as possible. Most tax refunds associated with e-filed returns are issued within 21 days.
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This relief does not apply to estimated tax payments that are due on April 15, 2021. These payments are still due on April 15. Taxes must be paid as taxpayers earn or receive income during the year, either through withholding or estimated tax payments. In general, estimated tax payments are made quarterly to the IRS by people whose income isn't subject to income tax withholding, including self-employment income, interest, dividends, alimony or rental income. Most taxpayers automatically have their taxes withheld from their paychecks and submitted to the IRS by their employer."
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For more information, read this article:
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