Tax Services

Individual Tax Return Preparation

For individual tax returns (Form 1040) or people with only W2 and dependents.

From $100-$300 (based on tax situation) plus any filing fees charged by the IRS or State not us. (Married Filing Joint/ Single/ Head of Household)

Married Filing Separate, Multiple Dependents, and when filing late will increase the fee.

We expect one federal, state, and local income tax return as a normal course of tax return preparation.

Should other tax returns be required, additional tax return preparation fees will be necessary. This fee is $100- $300 per tax return. (Married Filing Separately, Multiple state returns)

Pay with your federal or state return for a $50 fee per return prepared.

Checklist for Individual 1040 Tax Returns

We need copies of the following all pages, front and back, please!

1st Engagement Agreement Letter

Income Docs

W-2s from Employers
K-1s from Partnerships, S Corps, Investments, Trusts, Estates
1099s from Banks, Investment Brokers, Government Agencies, Contract Employers, etc.
Cryptocurrency reports or statements showing sales and cost basis data

Home Docs

1098s from Mortgage Lenders (the form is now required, not just the figures)
Home Purchase / Refinance Documents, Closing Disclosure / Settlement Statements
Private Mortgage Insurance (PMI) Premiums, Year-End Loan Statements
Property / Real Estate Taxes Paid

Other Tax Docs and Information

Charitable Donations (your state might allow even if you don’t itemize)
Student Loan Interest, 529 Plan Statements
Child Care Statements
Identity Theft IPIN (If needed)
1095-A if using Marketplace Health Insurance
Estimated Tax payment

Energy Credits Tax Docs

Sales order for EV or hybrid vehicle purchase
Invoices for solar and energy improvements
Last Year’s 1040 tax return and state tax returns or AGI (Adjusted Gross Income)
Everyone’s birth dates and SSN (this is not found on a tax return)

Business Tax Return Preparation

We focus on business consultation, deduction optimization, and tax return preparation.

· LLC or Sole Proprietor cost $200 - $600 per year

· Bank reconciliation/ Record clean up if needed cost $25 a month.

· Plus, any needed filling fees your business may have from the IRS or State. (not us)

· Partnership and Corporate tax returns depending on the quality of your accounting records are $600 - $1900 per year.

This includes partnership tax returns (Form 1065) and corporation tax returns (Form 1120, 1120S, and all Schedule K1 for shareholders), including Section 199A calculation and deduction. Your fee also depends largely on the quality of your accounting records, how organized your business records are, the past accuracy of your balance sheet, including how much clean-up is required to file for you.

Business Check list

Anything below help us but we don't need it all, just what you have

2. Prior Year Tax Returns

3. Income / Revenue Information/ ( Bank statements work fine)

4. Business Deductions

a. Common Expenses (Excel sheet, Fillable PDF, or just listed)

b. Accountable Plan Expenses (home office, cell, miles)

c. 401k / SEP Employer Contributions

d. Copies of 1099s that you filed for vendors, suppliers*

5. Balance Sheet (if you use formalized accounting) or 12/31/24 Business Checking Account Balance

6. General Ledger (if you use formalized accounting)

7. Payroll Details

a. W-2s for All Employees and Owners, plus W-3

b. Payroll Details Report for the Entire Year

8. Estimated Tax Payments for the Business (if applicable)

If you do not provide copies of 1099s that you filed and sent to vendors and suppliers, we will assume you were not required to do so

Tax Planning

Our expertise in tax laws allows our accountants to identify opportunities to minimize your tax burden and ensure compliance. We also prepare individual and business tax return strategies tailored to maximize your personal or business income and minimize your tax obligation each year.

Types of Small Business Tax Returns

Entity Type

Form

Trade Names, DBA’s

Sole Props

Schedule C, Individual Tax Return.

1040

Single Member LLC

Schedule C, Individual Tax Return.

1040

Multi-Member LLC

Husband and Wife

Community Property State– Schedule C, Jointly Filed Individual Tax Return.

1040

Common Law State– Partnership Tax Return. The Revenue Code is clear on this, yet most tax professionals and attorneys mess it up. It’s hard to enforce.

1065

Multi-Member LLC

Partnership Tax Return.

1065

C Corp or PC

C Corporation Tax Return

1120

S Corp Election

S corporations do not exist. Rather an underlying entity, such as an LLC or C Corp, elects to be taxed as an S Corp. Therefore a corporation tax return is filed.

1120S

Fee Schedule

Wall To Wall Tax Services fee for this engagement will be in accordance with our published fee schedule. Our fees have recently changed to align with the accounting industry standards. substantially all the required information to prepare a tax return by our document cutoff date of Monday, February 10, 2025 for S Corporations (Form 1120S) and

Partnerships (Form 1065), the following minimum rush fees based on complexity may apply-

• After Monday, February 10, $300.

• After Monday, February 17, $800.

• After Monday, February 24, Not available.

If we do not have substantially all the required information to prepare a tax return by our document cutoff date of Monday, March 10, 2025 for C Corporations (Form 1120), the following minimum rush fees based on complexity may apply-

• After Monday, March 10, $300.

• After Monday, March 17, $800.

• After Monday, March 24, Not available.

Similar rush fees apply to extended tax returns.

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