Tax Preparation Services

We are open for business to assist you with your tax needs. Covid-19 and the Cares Act can affect your tax return by thousands of dollars!  We understand now is an uncertain time, this includes your potential tax situation. Please let us help you with any of the Cares Act/Covid-19 legislation that may affect your income tax return and impact you financially. 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 these changes will impact you. Your lowest legal tax liability is our goal. That means applying the 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 prices are some of the most reasonable around and Consultation is FREE. Our typical fee starts at $99.00 for both Federal and State income tax returns and adjusts from there based on forms and complexity. A full quote will be provided prior to any work and you're under no obligation. Finally, at Arkansas Select Tax Services we utilize the latest technology and training to safeguard your private, Non Public Personal Identifiable Information. Your information is kept in strict confidence and all electronic information encrypted for your protection.   Call one of our three (3) 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