Hector Madera
Thank you for the opportunity to serve you. If you have any questions, contact our office at (646) 702-5510 to make your appointment.
Sincerely,
NAVIGATING THE CHANGES
Dear Customer:
I am ready to advise and prepare the presentation of your taxes. The following information has been prepared to help you collect all the information in time for your tax return for this year 2019-2020.
For this new year, the IRS are still making many changes to the tax preparation, so we must prepare the documents that are required in order to transmit the taxes to the IRS. These documents must bring it, even if you had already brought it before:
– Customer identification,
– Income Forms according to your case Examples: W-2, Form 1099-Misc for those who fill out independently or Bank statement, if you do not have one of these Form.
– Birth certificates of all the dependents Under 21 years of age who are claiming in their tax return.
– Social Security of all people
– Letter from the school of the dependents
– Letter from the doctor of the dependents
– Form 1099-Int if they have interests of the bank.
– If you fill out as Head of the Family (HOH) For this year you should bring a copy of the read if you have one and a Bill that is in your name at this address
– Form 1095 A, B or C sent to you by mail to find out how long you had health insurance.
– Bank account number and Route number if your refund is Direct Deposit.
– Those who are going to claim Baby Sister, you must bring a copy of the canceled checks.
STANDARD DEDUCTION COMPARISON
There will be no personal exemption amounts for 2018.
Senior Citizens: If you are age 65 or older, you may increase your standard deduction by $1,600 if you file single or head of household. If you file Married Filing Jointly and you or your spouse is 65 or older you may increase by $1,300. If both of you and your spouse are 65 and older, you may increase you standard deduction by $2,600.
Blindness: If you are legally blind, you may increase you standard deduction by $1,600 if filing Single of Head of Household. If you file Married Filing Jointly and you or your spouse is 65 or older you may increase by $1,300. If both of you and your spouse are 65 and older, you may increase you standard deduction by $2,600.
There will be no personal exemption amounts for 2018.
Senior Citizens: If you are age 65 or older, you may increase your standard deduction by $1,600 if you file single or head of household. If you file Married Filing Jointly and you or your spouse is 65 or older you may increase by $1,300. If both of you and your spouse are 65 and older, you may increase you standard deduction by $2,600.
Blindness: If you are legally blind, you may increase you standard deduction by $1,600 if filing Single of Head of Household. If you file Married Filing Jointly and you or your spouse is 65 or older you may increase by $1,300. If both of you and your spouse are 65 and older, you may increase you standard deduction by $2,600.
TAX BRACKET COMPARISON
INDIVIDUAL / JOINT TAX RETURNS
If you are a new client or existing client with any changes to your information, please fill out the client organizer and submit it with your tax documents. Please also consult, the “What to Bring Checklist” for items that you may need for your tax preparation. For Self Employed individuals, consult the Self Employed “Manual Profit and Loss Statement” for a list of common self employment expenses.
