INDIVIDUAL
We believe that we have one of the best tax organizers around. We strongly encourage you to answer all questions as they were designed to uncover deductions and take credits that you may be eligible for.
The 2021 Tax Organizer can assist you in collecting and reporting information necessary for us to properly prepare your 2021 income tax return. Please complete the organizer sections as appropriate and provide supporting documentation where necessary. Contact our office at (480) 905-3640 regarding retainer amount due with the individual organizer.
The organizer is fairly lengthy to cover most all possible income and deductions. We have the organizer set-up so you can choose only the forms that apply to you. The first section contains the mandatory forms and questions. Choose only the forms in the second section that apply to you.
For returning clients, please call (480) 905-3640 or email for a customized tax organizer specific to your previous year tax return.
Complete and return this form if you want to Opt-out of electronically filing your 2021 individual income tax return. You can submit the completed form by email.
Please consider using this worksheet to document values for noncash property donations. This worksheet is provided as an aide in calculating most common noncash charitable donations. Our firm cannot guarantee or provide any assurance that the IRS will accept any of these values.
Under most situations, you are allowed to exclude the cancellation of debt income to the extent you are insolvent. The Insolvency Worksheet will assist you in determining whether you (and your spouse if applicable) were insolvent on the day before your debt was cancelled. By filling out and signing this form, it will help us in determining whether you qualify for the insolvency exclusion and the extent to which you may possibly exclude cancellation of debt income under Internal Revenue Code Section 108.
Individual Health Care Questionnaire
Health plans that qualify as minimum essential coverage
If you're covered by any of the following types of plans, you're considered covered under the health care law and don't have to pay a penalty.
Any Marketplace plan, or any individual insurance plan you already have
Any employer plan (including COBRA plans, with or without “grandfathered” status)
Retiree health plans
Medicare
Medicaid
The Children's Health Insurance Program (CHIP)
TRICARE (for current service members and military retirees, their families, and survivors)
Veterans health care programs (including the Veterans Health Care Program, VA Civilian Health and Medical Program (CHAMPVA), and Spina Bifida Health Care Benefits Program)
Peace Corps Volunteer plans
Self-funded health coverage offered to students by universities for plan or policy years that begin on or before Dec. 31, 2014
Other plans may qualify. Please ask your health coverage provider.
Health plans that don’t count as coverage.
Some products that help pay for medical services don't qualify as minimum essential coverage. If you have only this kind of product, you may have to pay the fee. Examples include:
Coverage only for vision care or dental care
Workers' compensation
Coverage only for a specific disease or condition
Plans that offer only discounts on medical services
For more information visit healthcare.gov
Summary of the Arizona Small Business Income (SBI) Tax which will impact Arizona individual tax returns.
We are now in full swing under the new tax laws. The Tax Cuts and Jobs Act (TCJA) was signed into law at the end of 2017, with taxpayers seeing the real effects when they filed their 2018 tax returns. This legislation has made a profound impact on many taxpayers and has created new planning opportunities. This summary is for educational purposes only and is not to be relied on for specific tax advice. Please contact us before undertaking any strategies as a result of information contained in this letter.
This memo is intended for any individuals that are 70 ½ years old or older who have an IRA account.
Summary of some of the key provisions which will impact your personal tax return this year.
Our analysis of some of the important changes in reporting and deducting entertainment and meals.
Our summary of the 2021 tax rates.