Income source statements – W-2s and 1099 forms for: retirement income, investment income (i.e. interest and dividends earned, stocks sold), independent contract work, etc. Sales of Stocks, Property, etc – For details, click “Sales of Stocks, Property, etc” below. Name, date of birth and social security number for new dependents. Closing statements for homes purchased, sold or refinanced in 2022. Itemized deductions. Home interest, property taxes, contributions, and medical expenses. These deductions must be greater than $25,000 if filing jointly ($13,000 if filing single). Daycare Expenses Paid – For details, click “Daycare Expenses Paid” below. Education Tax Credits – For details, click “Education Tax Credits” below. Obamacare/HSA – For details, click “Obamacare/HSA” below. Businesses & Self Employment – For details, click “Businesses & Self Employment” below. Rental Properties – For details, click “Rental Properties” below.

Obamacare – if you paid for your own insurance at any time in 2022 through the “marketplace” (Obamacare), you must bring IRS form 1095-A to our office. HSA “Health Savings Account” – Bring in 1099-SA statements showing contributions and/or distributions from your HSA (This is usually available online through your provider).

Rental Address Profit and Loss Statement for each property. Click here for printable form to fill out. Closing Statements for properties bought or sold during the year.

Services

Individual Income Tax Returns

Our base fee for preparing an individual income tax return is $155. Other schedules (such as child tax credit, rental property, stock sales, education credit, etc.) start at $15 each but can be more depending upon the complexities involved.

There are dozens of other forms/schedules that may be required to prepare your tax returns. These include forms/schedules for businesses, rental properties, sales of stocks/property/land, education credit, child tax credit, interest/dividend income, earned income credit, etc. The fee for most other forms is typically around $15, but could be more (depending upon the complexities involved). And unlike many other firms, we only prepare and charge you for forms that are required to be filed.

Have dependent children at home (or away attending college) who need to file tax returns? Bring in their W-2’s and we’ll prepare them at no charge for kids in high school and $30 per return for children in college.

Please do not bring toddlers or young children with you when you come for your appointment. Only one person needs to come in to file for a married couple.

Business & Trust Tax Returns

Fees to prepare these returns are based upon their complexity and how organized your accounting records are. They range from $350 and up. Unlike many firms, we prepare and charge you only for tax forms/schedules actually required to be filed. We are confident our fees are substantially less than those charged by other firms.

Tax Consulting

Tax consulting is charged at $200/hour. Phone calls and emails throughout the year will be added to your bill at tax time.

Approximate Time to Complete Your Returns

An in-office appointment normally will take less than 30 minutes (60 minutes with business or rentals). If you mail/fax/scan/drop off your taxes, we should be able to complete them within 2–4 weeks. NO FIRM IN THE VALLEY IS MORE EFFICIENT AT PREPARING INCOME TAX RETURNS THAN ASHWORTH TAX!

What to Bring

Click on the appropriate section below for details on what to bring to your tax preparation appointment.

General Checklistadmin2023-01-03T22:09:50-07:00

General Checklist

Income source statements – W-2s and 1099 forms for: retirement income, investment income (i.e. interest and dividends earned, stocks sold), independent contract work, etc.
Sales of Stocks, Property, etc – For details, click “Sales of Stocks, Property, etc” below.
Name, date of birth and social security number for new dependents.
Closing statements for homes purchased, sold or refinanced in 2022.
Itemized deductions. Home interest, property taxes, contributions, and medical expenses. These deductions must be greater than $25,000 if filing jointly ($13,000 if filing single).
Daycare Expenses Paid – For details, click “Daycare Expenses Paid” below.
Education Tax Credits – For details, click “Education Tax Credits” below.
Obamacare/HSA – For details, click “Obamacare/HSA” below.
Businesses & Self Employment – For details, click “Businesses & Self Employment” below.
Rental Properties – For details, click “Rental Properties” below.

Sales of Stocks, Property, etc.admin2023-01-03T22:14:04-07:00

Sales of Stocks, Property, etc.

Stocks

Bring in year-end statement(s) sent to you from your brokerage house(s) usually reported on form 1099-B.

If stock was inherited, rather than using the purchase price the “market value” on the date of the person from whom you inherited to stock is used. Example: Joe’s dad purchased a share of G.E. stock in 1940 for $20. On the date Joe’s dad passed away, G.E. was trading for $100. You sell the share for $101. Your gain is $101 (selling price) minus the market value on date of death ($100) = $1.

Land or Cabin

To report the sale of land or a cabin, we need to know:

When you acquired the property
How much you paid for the property. This would include amounts paid after the initial purchase. Example: you bought a parcel of land for $25,000. You spent $2,000 to cut a road into the property and $1,000 for a fence. Your “cost” is then $28,000. (If the property was inherited, your “cost” is the market value on the date of death of the person from whom you inherited it. Example: your folks bought a piece of property in 1940 for $5,000. Your mom passed away some years ago. Your dad passed away in 2019 leaving you the property. It was then worth $80,000. Your “cost” from a tax standpoint is $80,000).

Bring in the “closing statement” on the sale.

Rental Property

To report the sale of a rental property, bring in the “closing statement” on the sale.

Your Home

As long as you had lived in your home 2 out of the 5 years leading up to the date of sale, any gain is generally not taxable. If you sold your home during the year, let us know and we’ll verify there is no tax consequence on the sale. Bring in the “closing statement” on the sale or purchase of any home.

Daycare Expenses Paidadmin2022-01-22T16:29:40-07:00

Daycare Expenses Paid

A child care credit may be allowed if you paid someone to care for your children while you either worked or because medical issues prevented you from caring for them yourself.

For each individual or company paid, we need:

That person’s (or company’s) name.
Address.
Social security number (or EIN—employer identification number, if a company).
Amounts paid. Bring in TOTAL expenses paid. Include those reimbursed by your company.

Education Tax Creditsadmin2022-01-30T11:44:30-07:00

Education Tax Credits

Education tax credit for post-high school college/vocational training. To claim this credit, you must bring IRS Form 1098-T (available
online, issued by your educational institution) to our office. Total the amounts paid for course-related books, supplies, laptop, etc. (Do not bring in receipts for these expenses.)

Obamacare/HSAadmin2023-01-03T22:11:01-07:00

Obamacare/HSA

Obamacare – if you paid for your own insurance at any time in 2022 through the “marketplace” (Obamacare), you must bring IRS form 1095-A to our office.
HSA “Health Savings Account” – Bring in 1099-SA statements showing contributions and/or distributions from your HSA (This is usually available online through your provider).

Businesses & Self Employmentadmin2023-01-05T22:38:30-07:00

Businesses & Self Employment

Business name
Federal ID number
Name, SSN, and address of each owner
Profit and Loss Statement: This is a list of your total income and expenses by category. Choose from the list below to download a Profit and Loss Statement to fill out.

Please do not bring in your receipts. It is not our function to audit you. If audited by the IRS, you will need your receipts then.

Rental Propertiesadmin2022-01-22T16:35:22-07:00

Rental Properties

Rental Address
Profit and Loss Statement for each property. Click here for printable form to fill out.
Closing Statements for properties bought or sold during the year.