Carolina Business Services
Tips & Free Resources
Income Tax Preparation
Keeping up with your taxes can be a real pain, but it's super important, especially when life throws you curveballs. Finding the right tax preparer who can help will be a game-changer for a stress-free tax due date!
Carolina Business Services
Helpful Resources and Tips
Maximizing Your Tax Savings
Tax Questions
Answered
Your tax needs change along with your life changes. Get your tax questions answered.
Where is My
Refund?
The IRS has 2 ways to check your refund status: their mobile app or website.
Save Money
On Taxes
Use our Tax Preparation Checklist so you'll never miss a deduction or credit.
Wondering What Paperwork You Need?
We Can Help!
To prepare your taxes accurately, we'll need some information from you which includes source documents for your income and details on any expenses or credits you plan to deduct. By providing complete and accurate information, we can ensure your tax return complies with IRS rules and is optimized to reduce your tax liability and increase your refund.
Check Out the Details Below.
List the Following for Each Family Member
- Legal Name
- Date of Birth
- Social Security Card or ITIN/ATIN
- Last Year’s Tax Return (if we didn’t prepare your return last year)
- Valid Driver’s License or Other Federal Photo ID
List All Sources of Income
Here are a few examples, but not an all-inclusive list. You may have others.
- W-2 – Wage and Tax Statement
- Social Security – SSA-1099
- Dividend Slips – 1099-DIV
- Estimated Taxes Paid
- Interest – 1099-INT
- IRA or 401(k) Distribution – 1099-R
- Miscellaneous Income – 1099-MISC
- Pension Income – 1099-R
- Railroad Retirement – RRB-1099
- Rental Property Income
- Sale of Business Assets
- Sale of Personal Residence
- Self-Employment Income
- State Income Tax Refund – 1099-G
- Stock Sales – 1099-B or Broker Statement
- Unemployment Compensation – 1099-G
- Gambling or Lottery Winnings – W-2G, if appropriate
Deductions and Adjustments
Qualifying deductions lower your income amount before your taxes are calculated, which may reduce the tax you owe. Here are a few examples:
- Standard Deduction
- Auto Mileage or Expenses for Business
- Home Office Information, if Applicable
- Charitable Contributions: Cash and Non-Cash
- Educator Expenses
- Employee Business Expenses
- Gambling Losses
- Higher Education Expenses
- Medical Expenses
- Mortgage Interest
- Moving Expenses
- Rental Property Expenses
- Self-Employment Income and Expenses
- Student Loan Interest
- Taxes: Real Estate or Personal Property
Adjustment:
Form 1095-A, Health Insurance Marketplace Statement
Depending on your income, additional tax to pay back excess subsidies or an additional credit to receive additional subsidy can result.
Tax Credits and Adjustments
Credits may reduce the amount of tax you owe. Or increase your tax refund. Certain credits may give you a refund even if you do not owe any tax.
The tax credits available change from year to year. So, be sure to check with us every year!
A few examples are:
- Earned Income Tax Credit (EITC)
- Child Tax Credit (CTC)
- Contribution to a traditional IRA or to a Roth
Form 1095-A, Health Insurance Marketplace Statement: Depending on your income, additional tax to pay back excess subsidies or an additional credit to receive additional subsidy can result.
Don't Leave Money on the Table!
Our Tax Preparation Services and Tax Preparation Checklist
Ensures You're Claiming All the Deductions and Credits Available
A Plan to Save Your Tax Dollars
Are you searching for ways to maximize your tax refund and minimize your income tax payments? Look no further than our Carolina Business Services Checklist!
Tax time is stressful and often hurried. Our Tax Planning Checklist is a guide to help you always take advantage of a tax deduction or credit. Our tax preparation services include a personalized tax interview as we carefully review your needs to discover every possible deduction and tax break.
Don't leave money on the table.
Get Your
Free Tax Preparation Checklist Today!
Never Miss a Deduction or Credit
Use our Tax Preparation Checklist as each event that may affect your tax bottom line happens. Simply mark it off your checklist. Then, store any supporting documents in a designated file.
When January rolls around, you'll have everything necessary to make tax season a breeze. No more frantic searching for receipts or struggling to remember how much you spent on deductible items.
How to File Your Taxes
and Receive Your Refund Fast
Carolina Business Services
Explore the Details Here
Receive Your Refund Faster
& Reduce Tax Time Stress
By using our checklist all year, you'll never miss a deduction or credit you deserve. But, if you did not start earlier in the year, start now.
With our Tax Preparation Services, you'll be ready to file as soon as you receive your W2, 1099, or other income documentation.
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