Tax Preparation Services

The NEW TAX LAW (Tax Cuts and Job Act) has completely changed how taxes are prepared this year! Now, more than ever, you need someone with Experience that you can Trust to prepare your taxes. Our tax associates have ongoing income tax education and updates year-round. Rest assured we are ready to help you understand and navigate how this Tax Reform will impact you. Your lowest legal tax liability is our goal. That means applying the new law and identifying ways you may owe less, or, getting you the maximum refund you are entitled to. In addition, we can prepare small business returns including sole proprietors, partnerships, LLC's, farms, corporations, estates and trusts. Our fees are some of the most reasonable around and we are happy to provide a no obligation quote on any tax situation. Call one of our four (4) locations for free consultation.

 

 

Having the correct forms, documents, and general information will help you avoid wasted time. The checklist provided should help you gather the appropriate information. To find the closest Arkansas Select Tax Service office to assist you click here for Location/Hours.

Below is a helpful list to determine what documents you may need.

Personal Data

•    Social Security Numbers (including spouse and children)
•    Child care provider tax I.D. or Social Security Number

Employment & Income Data

•    W-2 forms for this year

Homeowner/Renter Data

•    Residential address(es) for this year
•    Mortgage interest: Form 1098
•    Sale of your home or other real estate: Form 1099-S
•    Second mortgage interest paid
•    Real estate taxes paid
•    Rent paid during tax year
•    Moving expenses

Financial Assets

•    Interest income statements: Form 1099-INT & 1099-OID
•    Dividend income statements: Form 1099-DIV
•    Proceeds from broker transactions: Form 1099-B
•    Tax Refunds & unemployment compensation: Form 1099-G
•    Miscellaneous income including rent: Form 1099-MISC
•    Retirement plan distribution: Form 1099-R

Financial Liabilities

•    Auto loans and leases (account numbers and car value) if vehicle used for business
•    Student loan interest paid

 

 

Automobiles

•    Personal property tax information

Expenses

•    Gifts to charity (receipts for any single donations of $250 or more)
•    Un-reimbursed expenses related to volunteer work
•    Un-reimbursed expenses related to your job (travel expenses, uniforms, union dues, subscriptions)
•    Investment expenses
•    Job-hunting expenses
•    Education expenses
•    Child care expenses

Self-Employment Data

•    K-1s on all partnerships
•    Receipts or documentation for business-related expenses

Deduction Documents

•    State & local income tax: your estimated tax vouchers
•    IRA contributions
•    Medical expenses
•    Casualty or theft losses
•    Other miscellaneous deductions