Question 1

What services do you offer?

Accepted Answer

We offer a wide range of tax, accounting, and business services to help individuals and businesses with their financial needs, including:

• Tax Preparation: Personal and business tax filings, ensuring your returns are accurate and maximize deductions.

• Tax Planning: Strategic planning to minimize taxes and optimize financial outcomes throughout the year.

• Small Business Services:
    • Payroll: Efficient payroll management, ensuring timely payments and compliance with tax regulations.
    • Bookkeeping: Comprehensive bookkeeping for businesses, including managing accounts payable/receivable, balancing books, and more.
    • Business Formation: Assistance with setting up your business structure (LLC, Corporation, etc.), ensuring you choose the best option for your needs.
    • Sales Tax Filings: Handling state and local sales tax filings to keep your business compliant.

• IRS Representation & Notice Response: We represent clients in front of the IRS, assisting with audits, disputes, and responding to IRS notices to resolve any issues promptly.
 • Application for IRS Individual Taxpayer Identification Number [ITIN]: ATP is a Certified Acceptance Agent, pursuant to a written agreement with the IRS. We are authorized to assist individuals and other foreign persons who do not qualify for a Social Security Number but who still need a Taxpayer Identification Number (TIN).

If you’re looking for professional support to simplify your finances and ensure compliance, we’re here to help with all your accounting and tax needs.

Question 2

What documents do I need to provide for my tax return?

Accepted Answer

The documents required for your tax return depend on your specific situation. Below is a detailed list of the most commonly required documents:
 • Income Documents:
    • W-2 forms (for employees)
    • 1099 forms:
       • 1099-MISC (for miscellaneous income)
       • 1099-NEC (for self-employment or contractor income)
       • 1099-DIV (for dividend income)
       • 1099-INT (for interest income)
       • 1099-R (for retirement plan distributions)
       • 1099-B (for brokerage or investment income)
       • 1099-G (for unemployment or state tax refunds)

• Summary of income and expenses for self-employed individuals (including 1099-NECs, receipts, and detailed records of business expenses)
 • K-1s (for income from partnerships, S corporations, or trusts)
 • Rental property income and expenses (if applicable)
 • Social Security benefits statements (Form SSA-1099)
 • Other income documents (such as gambling winnings, alimony received, or jury duty pay)

• Deductions:
    • Mortgage statements (Form 1098)
    • Receipts for charitable donations (cash or goods)
    • Medical expenses (e.g., insurance premiums, out-of-pocket expenses)
    • Student loan interest payments (Form 1098-E)
    • Education expenses (Form 1098-T, tuition, books, etc.)
    • Property taxes (paid on personal or rental property)
    • Childcare expenses (with provider information)
    • Retirement contributions (IRA, 401(k), or other retirement account contributions)
    • Home office expenses (for self-employed individuals or business owners)

• Other Tax Forms:
    • Form 8889 (Health Savings Account contributions)
    • Form 8862 (for claiming the Earned Income Tax Credit after a denial)
    • Form 8863 (for education credits)
    • Form 2441 (for childcare tax credits)

• Other Information:
    • Previous year's tax return (optional, but helpful for reference)
    • Bank account information (for direct deposit of refunds)
    • Any IRS notices or previous audits (if applicable)

Once you upload your documents to our client portal, we’ll review them and inform you if anything is missing or if we need additional information.

Question 3

How do I request a quote or inquire about tax preparation?

Accepted Answer

To request a quote or inquire about tax preparation services, simply send us an email. In your email, please provide a brief overview of your tax situation, including key details such as:

• Your filing status (e.g., Married Filing Jointly, Single, etc.)
 • Whether you have a W-2 form, 1099 forms, K-1s, brokerage statements, or any other income or tax-related documents
 • Self-employment income or other unique circumstances (e.g., rental properties, investments, etc.)
 • Any state tax filing requirements (if applicable)

Based on this information, we will provide you with a preliminary estimate for your tax preparation.

However, please note that the final quote will be given only after we have reviewed all of your documents, as pricing varies depending on the number of documents and the complexity of your tax return.

Once we receive your email and necessary details, we’ll reach out to discuss next steps and provide an accurate quote.

Question 4

Why should I not handle my RSUs on my own?

Accepted Answer

RSUs are one of the most error-prone aspects of tax filing. Many people who try to handle them themselves end up making mistakes. These errors can lead to incorrect reporting on your tax return, and the IRS may send notices years later, requiring you to amend your return. Fixing these errors can take much longer and may result in costly penalties or tax liabilities—sometimes totaling tens of thousands of dollars. With our years of experience working with tech employees from companies like Amazon, Meta, Apple, and others, we are well-versed in handling RSUs and can ensure your tax filing is done correctly from the start. Let us handle the complexity so you can avoid stress and potential financial consequences.

Question 5

What can I expect during the tax preparation process?

Accepted Answer

• Tax Filing Season: The tax filing season begins on January 27, 2025. Around that time, we will begin requesting all necessary tax documents to prepare your return.

• Client Portal Setup: To ensure the secure and efficient exchange of documents, we will set you up on our client portal. You will receive an email with instructions on how to access the portal. The portal will also guide you through the document upload process and provide a checklist to help you track and upload your documents at your convenience.

• Pricing Structure: Our pricing varies based on the complexity of your tax return, the number of forms required, and the number of states that need to be filed. Once we have your tax documents, we will provide you with an accurate quote. If you would like an estimate, feel free to shoot us an email with your details, and we'll be happy to give you an idea of the cost.

• Our Process:
• Document Review: Once you’ve uploaded your documents, we will review them and inform you if anything is missing or if we have any questions.
• Quote: You will be quoted for the engagement, and we’ll ask you to sign an engagement letter and pay a deposit if applicable.
• Tax Return Draft: We will prepare a draft of your tax return for your review.
• Review and Questions: You’ll have the opportunity to review the draft and ask any questions. You can schedule a call with us to go over your tax return or send your questions via email—whichever is more convenient for you.

Question 6

What should international students and expats know about tax filing?

Accepted Answer

Navigating tax filing as a student or expat can be complicated, especially when determining whether you should be classified as a resident alien or a nonresident alien for tax purposes. This classification is important because it directly affects your tax return and filing status. We have years of experience handling the tax situations of foreign individuals, international students, and expats, and we know how to evaluate your specific situation to ensure you are filing with the correct status. This is often a confusing process, and many times HR or the International Student Office at universities may provide incorrect information. Don’t risk making a mistake—let us guide you through the process and ensure you are in compliance with tax laws.

Question 7

Do I need to file taxes if I didn’t earn any income?

Accepted Answer

Even if you didn’t earn any income during the year, you may still be required to file taxes. For instance, if you received unemployment benefits or made a withdrawal from retirement accounts. Additionally, some states have their own filing requirements. We can evaluate your situation and help you determine whether you need to file.

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