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 Tax Preparation 

Generally, you are eligible to claim the Recovery Rebate Credit if you were a U.S. citizen or U.S. resident alien in 2020, cannot be claimed as a dependent of another taxpayer for tax year 2020, and have a Social Security number valid for employment that is issued before the due date of your 2020 tax return (including extensions).

You must file Form 1040 or Form 1040-SR to claim the Recovery Rebate Credit even if you are normally not required to file a tax return. Anyone with income of $72,000 or less can file their Federal tax return electronically. The safest and fastest way to get a tax refund is to combine electronic filing with Direct Deposit.

If eligible, you can claim the Recovery Rebate Credit when you file your 2020 tax return (Form 1040 or Form 1040-SR) electronically using tax software or on paper. The 2020 tax return instructions include a worksheet you can use to figure the amount of any Recovery Rebate Credit for which you are eligible. The worksheet requires you to know the amounts of your Economic Impact Payments.

Your Recovery Rebate Credit amount will be phased out if your adjusted gross income for 2020 exceeds $150,000 if you are married filing a joint return or filing as a qualifying widow or widower, $112,500 if you are using the head of household filing status, or $75,000 if you are using any other filing status..  Call for a previous tax year return starting at $150  

 W-2s have to be mailed out by January 31st and most w-2s can be downloaded online. Form 1099G will come in the mail for those who received unemployment.  A TRANSCRIPT is a report generated by the IRS for all previous year W-2, 1099 and all tax information for each  taxpayer.  Ask us about TRANSCRIPT HELP.   Schedule C(Small business) clients must have all expense information calculated and in order.  A $75/hr accounting fee will be added for appointment lasting one hour and beyond.