We CANNOT prepare returns with
- Filing status of Married Filing Separately (MFS)
- Complicated capital gains / losses (Schedule D)
Examples:
– Futures
– Options
– Cryptocurrency / Digital Assets
– Sale of home used for rental or business purposes at any time
– More than 10 transactions without a summary
– Complex brokerage statements
- Income from rental property other than land
- Non-cash contributions >$500
- Donations of motor vehicles or collectibles
- Kiddie tax
- Alternative Minimum Tax (AMT)
- Cancellation of Debt (COD) associated with bankruptcy or insolvency.
- Clean Energy Credits (e.g., solar, electric vehicle)
- Self-employment (Schedule C) with
– Expenses >$35,000
– Business use of home
– Net loss
– Actual vehicle expenses instead of default mileage
– Cost of goods sold (Inventory)
– Depreciation
– Contract or employee labor expenses
– Income / expenses from professional gambling
– Small Business Income (SBI) option for Arizona
- Out-of-State returns for
– California
– Massachusetts
– New Jersey
– New York
– Any other state where you lack a copy of last year’s return
This list reflects common situations we are asked about, but is NOT all-inclusive.
Feel free to ask us about your specific situation.
Please see a professional preparer for assistance with complicated returns.
