TPA
The final price of a Full Service return will depend on this.
What is the complexity of the return?
This is the standard deduction for a single taxpayer in 2022.
What is $12,950?
Celebrating its 40th anniversary in 2023, this company was founded in 1983 at Scott Cook's dining room table.
What is Intuit?
The Tax Prep Assistant role was introduced to the TTLive Network in this year.
What is Tax Year 2021?
Generally, for a credit or refund, you must file this form within 3 years after the date you filed your original return or within 2 years after the date you paid the tax, whichever is later.
What is 1040-X?
(Amended U.S. Individual Income Tax Return)
A response of 9 or 10 on the transactional Net Promoter Score scale is considered a promoter and adds 100 points to your tNPS total, a score between 0-6 is considered this.
What is a detractor? (-100)
We can't prepare Full Service returns for taxpayers who filed this type of tax return last year, filed by nonresident aliens engaged in a trade or business in the US.
What is 1040-NR?
(U.S. Nonresident Alien Income Tax Return)
U.S. persons who are not eligible for a Social Security Number can obtain this important IRS number by filing Form W-7.
What is an Individual Taxpayer Identification Number? (ITIN)
This baseball player, AKA "Charlie Hustle" served 6 months in jail for tax evasion between 1990-1991, but that's not the main reason he's notorious.
Who is Pete Rose?
(Banned from MLB for life for betting on games)
Remind clients who have already filed a federal extension that they might also need to file this.
What is a state extension?
If your Schedule C business fails to turn a profit for 3 years in a 5 year period, the IRS may deem it to be this.
What is a hobby?
(Expenses are no longer deductible, income still must be declared on Schedule 1)
One example being the U.S. Income Tax, this type of tax takes a larger percentage from high income groups than low income groups.
What is a progressive tax?
We can prepare a return with more than 4,000 cryptocurrency transactions if a client provides a completed copy of this form.
What is Form 8949?
(Sales and Other Dispositions of Capital Assets)
If you gave away more than $16,000 in 2022 (not including charitable donations), you likely need to file this form.
What is Form 709?
(United States Gift (And Generation-Skipping Transfer) Tax Return)
This notoriously mean real estate magnate was convicted of tax evasion in 1989 and ordered to prison on April 15, 1992. But she still had enough money after paying off the IRS to will $12 million to her dog when she passed away in 2007.
Who is Leona Helmsley?
(The "Queen of Mean")