EZ ($40)
Use the 1040EZ if:
• Your taxable income is below $100,000
• Your filing status is Single or Married Filing Jointly
• You (and spouse) are under age 65 and not blind
• You are not claiming any dependents
• Your interest income is $1,500 or less
• You DO NOT plan to itemize your deductions (see the itemizing section under the
Standard Preparation section for a more detailed description)
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Standard Preparation ($85)
(Most preparations fall under this category)
This option applies if any of the following describe you:
- Plan to itemize your deductions
While itemized deductions can be a confusing topic, click here to see a general list (provided by the IRS) of allowable deductions. It is ONLY necessary to itemize when your deductions will exceed the current standard deduction of $5,700 (single) or $11,400 (married).
- Have dependents and/or child care credits that you will
be claiming
- Any item listed in EZ section is NOT met
Standard preparation includes the preparation
of form 1040 and schedules A & B (itemizing and interest income). |
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Small Business Tax Preparation I
($105)
Applies to the following situations
- sole proprietor
- consultant
- 1099 contractor
- single-owner LLC
*Note: Tax Preparation for these types of businesses INCLUDE your personal tax forms (Basically you are paying $85 for the Standard Individual Preparation for you as an individual, and $20 for the schedule C worksheet for your business)
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Coming in 2013
Small Business Tax Preparation II
Applies to the following situations
- S Corp
- partnership
- C Corp
- multiple owner LLC
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