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Personal Income Tax
Personal Income Tax
Filing taxes can be a daunting task, but it doesn't have to be. Here at Orange Coast Tax, we are dedicated to making the process as simple and straightforward as possible. We will help you file your IRS 1040 tax return, as well as your state tax return. We have years of experience filing taxes for individuals and businesses alike, and we know what it takes to get the job done right. Let us take the hassle out of tax season for you! Contact us today to get started. IRS Taxes, Tax Returns, Tax filings.
When it comes to taxes, there are a lot of moving parts. But here at Orange Coast Tax, we have the experience and expertise to handle all of them for you. We will make sure that your IRS tax return is filed correctly and on time, as well as your state tax return. We know how important it is to stay compliant with the IRS, and we will do everything in our power to make sure that happens. Contact us today to get started! IRS Taxes, Tax Returns, Tax filings.
Don't let tax season stress you out - let Orange Coast Tax handle it! We will take care of your IRS tax return and your state
We can file your state income tax return in addition to your IRS tax return. We know all the ins and outs of the tax code, so you can rest assured that your taxes will be handled correctly. Contact us today to get started! IRS Taxes, Tax Returns, Tax filings.
Don't wait until the last minute to file your taxes - let Orange Coast Tax help you get it done early! We offer a variety of services to help make filing your taxes simple and stress-free. Contact us today to learn more!
The Process to file your taxes:
1
Sign the letter of Engagement
2
Fill out the Client Organizer & Provide Your Tax Docs
3
Review The Drafted Tax Return
If you're ready to get started on your taxes, the first thing you need to do is sign our letter of engagement. This will give us the authority to act on your behalf. Then, you'll need to fill out our client organizer. This will help us gather all the necessary information we need to prepare your return.
Finally, you'll need to activate your client portal. This will allow us to securely share documents with you and keep track of the tax return.
We will need your tax documents to accurately prepare your return. The most common documents we request are:
W-2 forms (wage and income statements)
1099 ( NEC, MISC,K, S...etc)
Sch K1 ( 1065,1120S, 1041)
Interest and dividend statements
Other Year-End Tax Statements
A copy of last year's tax return
In order to prepare your tax return, we will need your tax documents. The most common documents we request are W-2 forms (wage and income statements), interest and dividend statements, and a copy of last year's tax return. If you have these documents on hand, please send them to us as soon as possible. IRS Taxes, Tax Returns, Tax filings. Once we have all the necessary information, we will begin preparing your return.
We will go through each form line by line to make sure that everything is accurate
TAX CREDITS
There are a number of tax credits that you may be eligible for when you file your personal income taxes. These credits can help reduce your overall tax liability, and in some cases, may even result in a refund.
Some of the more common tax credits include:Earned Income Tax Credit (EITC), Child and Dependent Care Credit, American Opportunity Tax Credit (AOTC) & Residential Energy Efficiency Property Credit
The 5 Common IRS Tax Schedules on your Tax Return
Sometimes your tax filings require other tax forms & schedules to be attached to your 1040 Income Tax Return. The Following Are the more common IRS tax schedules:
Schedule A - Itemized Deductions
This schedule is used if you choose to itemize your deductions rather than take the standard deduction.
Schedule B - Interest and Ordinary Dividends
This schedule is used to report any interest or ordinary dividends you received during the year.
Schedule C - Profit or Loss from Business
This schedule is used by sole proprietors to report their business income and expenses.
Schedule D - Capital Gains and Losses
This schedule is used to report any capital gains or losses you realized during the year.
Schedule E - Supplemental Income and Loss
This schedule is used to report income or loss from rental properties, partnerships, S corporations, estates, and trusts.