- 10763 Allisonville Rd Fishers, IN 46038
FAQ
RE DONICA Tax Professionals
Frequently Asked Questions
Below is a list of documents to bring with you to your tax appointment.
Personal Information For Each Family Member:
- Name
- Date of Birth
- Social Security Card /ITIN/ATIN
- Last Year’s Tax Return
- Valid Driver’s License
Income & Tax Information:
- W-2’s
- Interest (1099-INT or substitute)
- Dividend Slips (1099-DIV or substitute)
- Stock Sales (1099-B or Broker Statement)
- Self-Employment Income and Expenses
- Sale of a Personal Residence
- Rental Income and Expenses
- Sale of any Business Assets
- Gambling or Lottery Winnings (W-2G for some winnings)
- State Income Tax Refund (1099-G)
- Pension Income (1099-R)
- Estimated Taxes Paid
- Social Security or Railroad Retirement (SSA-1099 or RRB-
1099)
Your mortgage company should send you Form 1098 which reports
the mortgage interest you paid.
The forms to prove employment may vary depending on individual
situations. For most, an employer will provide a W-2 form. The self-
employed (i.e. independent contractors, product sales representatives
such as Uber etc.) should receive a 1099-NEC or 1099 Misc from the
company.
If you received unemployment benefits from your state over the past
year, you must claim that as income and, therefore, pay taxes on
those benefits. The unemployment agency should provide you with a
1099-G form, which explains the amount of benefits you drew during
the past year. The Internal Revenue Service (IRS) receives a copy as
well and will tax you at the appropriate rate in your tax bracket.
You will need to file a Schedule C using IRS Form 1040. Depending
on your type of business and where you conduct business, there may
be other forms you will need. You may also need to make quarterly
estimated payments by filing Form 1040-ES, Estimated Tax for
Individuals.
Taking necessary steps before tax time will make things easier once
you file your taxes for the first time after a divorce. Change your W-4
through your employer so taxes will be withheld at the correct rates.
Also, if you (or a family member) changed your name, file Form SS-5
with the Social Security Administration to ensure there aren’t any
complications with the IRS.
The standing deadline for personal taxes is April 15. However,
sometimes that date falls on a weekend or after Emancipation Day (a
holiday in DC) and pushes the deadline to as late as April 18.
Yes, you can opt to pay your tax liability through an installment plan.
Your mortgage company should send you Form 1098 which reports
the mortgage interest you paid.
Your mortgage company should send you Form 1098 which reports
the mortgage interest you paid.
Your mortgage company should send you Form 1098 which reports
the mortgage interest you paid.
If you are uncertain about needing to amend a tax return, don’t
hesitate to call our office.
No. The federal tax laws do not consider gifted money to be
earned income therefore it is not taxable to you. No state has a
tax law on gifted money either.
Inheritances are not considered income for federal tax purposes,
whether you inherit cash, investments or property. However, any
subsequent earnings on the inherited assets are taxable, unless it
comes from a tax-free source.
We Want To Hear From You!
Our favorite part of the job is meeting our clients. Our passion is delivering stellar tax preparation and planning for individuals and businesses. If you’ve got tax questions, we’d love to hear from you!