buterbaughbanner.jpg

INDIVIDUAL





We believe that we have one of the best tax organizers around. We strongly encourage you to answer all questions as they were designed to uncover deductions and take credits that you may be eligible for.


The 2018 Tax Organizer can assist you in collecting and reporting information necessary for us to properly prepare your 2018 income tax return. Please complete the organizer sections as appropriate and provide supporting documentation where necessary. Contact our office at (480) 905-3640 regarding retainer amount due with the individual organizer.

The organizer is fairly lengthy to cover most all possible income and deductions. We have the organizer set-up so you can choose only the forms that apply to you. The first section contains the mandatory forms and questions. Choose only the forms in the second section that apply to you.

For returning clients, please call (480) 905-3640 or email for a customized tax organizer specific to your previous year tax return.


Complete and return this form if you want to Opt-out of electronically filing your 2018 individual income tax return. You can submit the completed for by email.


Please consider using this worksheet to document values for noncash property donations. This worksheet is provided as an aide in calculating most common noncash charitable donations. Our firm cannot guarantee or provide any assurance that the IRS will accept any of these values.

Salvation Army & Other Noncash Worksheet.xlsx


Estimate the value of your donations automatically with this handy donation calculator. Simply enter the number of items you've donated below and the form automatically calculates it for you! When you're done, print the form and take to your nearest Goodwill donation center for a Goodwill attendant's signature of receipt.


Under most situations, you are allowed to exclude the cancellation of debt income to the extent you are insolvent. The Insolvency Worksheet will assist you in determining whether you (and your spouse if applicable) were insolvent on the day before your debt was cancelled. By filling out and signing this form, it will help us in determining whether you qualify for the insolvency exclusion and the extent to which you may possibly exclude cancellation of debt income under Internal Revenue Code Section 108.


Health plans that qualify as minimum essential coverage

If you're covered by any of the following types of plans, you're considered covered under the health care law and don't have to pay a penalty.

  • Any Marketplace plan, or any individual insurance plan you already have

  • Any employer plan (including COBRA plans, with or without “grandfathered” status)

  • Retiree health plans

  • Medicare

  • Medicaid

  • The Children's Health Insurance Program (CHIP)

  • TRICARE (for current service members and military retirees, their families, and survivors)

  • Veterans health care programs (including the Veterans Health Care Program, VA Civilian Health and Medical Program (CHAMPVA), and Spina Bifida Health Care Benefits Program)

  • Peace Corps Volunteer plans

  • Self-funded health coverage offered to students by universities for plan or policy years that begin on or before Dec. 31, 2014

Other plans may qualify. Please ask your health coverage provider.

Health plans that don’t count as coverage.

Some products that help pay for medical services don't qualify as minimum essential coverage. If you have only this kind of product, you may have to pay the fee. Examples include:

  • Coverage only for vision care or dental care

  • Workers' compensation

  • Coverage only for a specific disease or condition

  • Plans that offer only discounts on medical services

For more information visit healthcare.gov


This memo is intended for any individuals that are 70 ½ years old or older who have an IRA account.


Summary of some of the key provisions which will impact your personal tax return this year.


Our analysis of some of the important changes in reporting and deducting entertainment and meals.


Our summary comparing the tax rates between 2017 and 2018.


This is an early release draft of the 2018 IRS Form 1040, U.S. Individual Income Tax Return, which the IRS is providing for your information, review, and comment. Do not file draft forms. Also, do not rely on draft forms, instructions, and publications for filing.


US & State Resources

BUSINESS

When a company makes one of its vehicles available to an owner or employee without charge, the company must calculate the value of any non-business use of the vehicle and report it on that individual’s Form W-2 as a taxable fringe benefit.

Please prepare one form for each owner or employee who is using a company vehicle (even if two employees share one vehicle), and fax or mail them to our office.

If your company is a Subchapter S corporation, or a Limited Liability Company that has elected to be taxed as a Subchapter S corporation, then the amount of any accident, health or long-term care insurance premiums paid by the company for the benefit of an individual who owns more than two percent (2%) of the company is also considered by the IRS to be a taxable fringe benefit.

Complete the form and return to us so we can provide you with the specific numbers and instructions for including this fringe benefit as taxable wages and the corresponding reporting of this benefit on Form W-2.


Complete and return this form and worksheet to us if you wish for us to prepare your Forms 1099 for 2018. You are required to file and issue all 1099 forms by January 31, 2019. You can email the completed form securely, i.e. password protect or through our Client Portal.


As our engagement letter states, we are not engaged to detect fraud or any other accounting irregularities your employees or a co-owner may perpetrate. The purpose of this letter is to make you aware of the risk and mention a few minimal steps you should take to mitigate your risk. Because of the increasing number of employee frauds we are requiring that all business owners read and sign this Fraud Signature Letter.


Complete and return this form if you want to Opt-out of electronically filing your 2018 business income tax return. You can email the completed form.


Request For Taxpayer Identification Number & Certification


Please print and complete this form and return to us via email. This form is utilized to determine if your company might qualify for the employer tax credit for paid family and medical leave paid in 2018.


Please print and complete this form and return to us via email. This form is utilized to determine if your company might qualify for a beneficial tax credit for health insurance premiums paid in 2018.


Employee New Hire Forms


Complete this form so that your employer can withhold the correct federal income tax from your pay. You should consider completing a new Form W-4 each year and when your personal or financial situation changes.


Complete this form and return to your employer to elect an Arizona withholding percentage. Arizona withholding is a percentage of the amount of federal withholding withheld. You should consider completing a new Form A-4 each year and when your personal or financial situation changes.


Complete this form for any new hires and return to Arizona New Hire Reporting Center.


The purpose of this form is to document that each new hire is authorized to work in the United States.


 

US & State Resources

TRUSTS & ESTATES


Complete and return this form if you want to Opt-out of electronically filing your 2018 fiduciary income tax return. You can email the completed form.


We believe that we have one of the best tax organizers around. We strongly encourage you to answer all questions as they were designed to uncover deductions that you may be eligible for.


The 2018 Tax Organizer can assist you in collecting and reporting information necessary for us to properly prepare your 2018 income tax return. Please complete the organizer sections as appropriate and provide supporting documentation where necessary. Contact our office at (480) 905-3640 regarding retainer amount due with the Trust organizer.

The organizer is fairly lengthy to cover most all possible income and deductions. We have the organizer set-up so you can choose only the forms that apply to you. The first section contains the mandatory forms and questions. Choose only the forms in the second section that apply to you.

For returning clients, please contact our office at (480) 905-3640 or via email for a customized tax organizer specific to your previous year tax return.


Complete and return this form if distributions were paid to any beneficiaries for tax year 2018. You can email the completed form securely, i.e. password protect or through our Client Portal.


US & State Resources

Estate Tax & Eldercare Links


The American College Of Trust And Estate Counsel

The Wills, Trusts, and Estate Planning Tabs from Nolo Press

A Service Of The National Council On Aging Includes more than 2,000 public and private programs for older Americans

The National Academy Of Elder Law Attorneys One of the leading organizations on elder law

Department Of Health And Human Services Allows you to find eldercare resources - U.S. Administration On Aging


Findlaw One of the leading legal search engines has a section on estate planning

American Society Of Appraisers

Read PLRs, IRS Materials And Court Cases On Estate, Gift And GST Taxes

Asset Protection Books By Attorneys Jay Adkisson and Chris Riser - includes state by state exemption statutes

The American Bar Association The American Bar Association has information for professionals, fiduciaries and family members