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How do I know if I have to file a tax return? ... What income do I have to pay taxes on? ... What filing status should I choose? ... Do I have any dependents? ... How do I know my tax bracket and tax rate? ... What tax form should I use? ... Should I take the standard deduction or itemize?
8 Questions to Ask Your Tax Advisor What Does Your Tax Preparation Process Look Like? ... How Can You Help Me With My Tax Goals? ... What Information Will You Need From Me to File My Taxes? ... What Can I Do Differently to Improve My Tax Situation? ... Based on My Situation, What Other Things Should I Try and Do This Year?
Questions to ask an accountant What records should I keep? ... How should I prepare for tax season? ... What business expenses can I deduct? ... When should I pay estimated taxes? ... How can I better manage my cash flow? ... What is my break-even point? ... How can you help me grow my business?
Filing to get a refund. Did my employer withhold federal income tax from my pay? Did I make estimated tax payments? Did I overpay on my 2017 tax return and have it applied to 2018?
What is income tax? Taxes levied on the earnings of companies and individuals are referred to as income taxes. Earnings subject to income taxes can come from diverse sources, including wages, salaries, dividends, interest, royalties, rents, gambling winnings, and product sales.
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People also ask

However, in the context of CPA vs tax preparer, the primary difference lies in their scope of work, level of expertise, and licensure. While CPAs are licensed professionals offering a wide array of expert accounting services, tax preparers are non-licensed and specialize in only tax preparation.
To determine whether you have to file taxes, you must consider three factors: your age, filing status and income. Once you reach a certain income level, the law usually requires you to file taxes.
How do I know if I have to file a tax return? ... What income do I have to pay taxes on? ... What filing status should I choose? ... Do I have any dependents? ... How do I know my tax bracket and tax rate? ... What tax form should I use? ... Should I take the standard deduction or itemize?
Not everyone is required to file their taxes. Whether you need to file your taxes depends on four factors: your income, filing status, age, and whether you fall under a special circumstance. Even if you aren't required to file taxes, you may want to file for tax credits and other benefits.
Regardless of income, you'll generally have to file a tax return if: You had self-employment net earnings of at least $400. You received distributions from a health savings account, Archer Medical Savings Account or Medicare Advantage MSA. You owe taxes on an IRA, health savings account or other tax-favored account.

tax questionnaire for clients pdf