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Carolina Business Services

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Income Tax Preparation

Keeping up with your taxes can be a real pain, but it's super important, especially when life throws you curveballs. Finding the right tax preparer who can help will be a game-changer for a stress-free tax due date!

Get Our Free Tax Planning Checklist

Carolina Business Services

Helpful Resources and Tips

Maximizing Your Tax Savings


Tax Questions

Answered

 Your tax needs change along with your life changes. Get your tax questions answered.

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Where is My

Refund?

The IRS has 2 ways to check your refund status: their mobile app or website.

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Save Money

On Taxes

Use our Tax Preparation Checklist so you'll never miss a deduction or credit.

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Wondering What Paperwork You Need? 

We Can Help!

To prepare your taxes accurately, we'll need some information from you which includes source documents for your income and details on any expenses or credits you plan to deduct. By providing complete and accurate information, we can ensure your tax return complies with IRS rules and is optimized to reduce your tax liability and increase your refund. 


Check Out the Details Below.


The Paperwork You Will Need to File Your Tax Return
Personal Info Needed for Tax Filing

List the Following for Each Family Member

  • Legal Name
  • Date of Birth
  • Social Security Card or ITIN/ATIN
  • Last Year’s Tax Return (if we didn’t prepare your return last year)
  • Valid Driver’s License or Other Federal Photo ID

List Sources of Income for Tax Preparation

List All Sources of Income

Here are a few examples, but not an all-inclusive list. You may have others.


  • W-2 – Wage and Tax Statement
  • Social Security – SSA-1099
  • Dividend Slips – 1099-DIV
  • Estimated Taxes Paid
  • Interest – 1099-INT
  • IRA or 401(k) Distribution – 1099-R
  • Miscellaneous Income – 1099-MISC
  • Pension Income – 1099-R
  • Railroad Retirement – RRB-1099
  • Rental Property Income
  • Sale of Business Assets
  • Sale of Personal Residence
  • Self-Employment Income
  • State Income Tax Refund – 1099-G
  • Stock Sales – 1099-B or Broker Statement
  • Unemployment Compensation – 1099-G
  • Gambling or Lottery Winnings – W-2G, if appropriate

Deductions and Adjustments for Tax Filing

Deductions and Adjustments

Qualifying deductions lower your income amount before your taxes are calculated, which may reduce the tax you owe. Here are a few examples:


  • Standard Deduction
  • Auto Mileage or Expenses for Business
  • Home Office Information, if Applicable
  • Charitable Contributions: Cash and Non-Cash
  • Educator Expenses
  • Employee Business Expenses
  • Gambling Losses
  • Higher Education Expenses
  • Medical Expenses
  • Mortgage Interest
  • Moving Expenses
  • Rental Property Expenses
  • Self-Employment Income and Expenses
  • Student Loan Interest
  • Taxes: Real Estate or Personal Property

Adjustment: 

Form 1095-A, Health Insurance Marketplace Statement

Depending on your income, additional tax to pay back excess subsidies or an additional credit to receive additional subsidy can result. 

Available Tax Credits

Tax Credits and Adjustments

Credits may reduce the amount of tax you owe. Or increase your tax refund.  Certain credits may give you a refund even if you do not owe any tax. 


The tax credits available change from year to year. So, be sure to check with us every year!


A few examples are:

  • Earned Income Tax Credit (EITC)
  • Child Tax Credit (CTC)
  • Contribution to a traditional IRA or to a Roth

Form 1095-A, Health Insurance Marketplace Statement: Depending on your income, additional tax to pay back excess subsidies or an additional credit to receive additional subsidy can result. 


Don't Leave Money on the Table!

Our Tax Preparation Services and Tax Preparation Checklist

Ensures You're Claiming All the Deductions and Credits Available

A Plan to Save Your Tax Dollars

Are you searching for ways to maximize your tax refund and minimize your income tax payments? Look no further than our Carolina Business Services Checklist! 


Tax time is stressful and often hurried. Our Tax Planning Checklist is a guide to help you always take advantage of a tax deduction or credit. Our tax preparation services include a personalized tax interview as we carefully review your needs to discover every possible deduction and tax break.


Don't leave money on the table.

Get Your Free Tax Preparation Checklist Today!

Use Our Tax Prep Checklist to Save Tax Dollars
Never Miss a Deduction or Tax Credit

Never Miss a Deduction or Credit

Use our Tax Preparation Checklist as each event that may affect your tax bottom line happens. Simply mark it off your checklist. Then, store any supporting documents in a designated file.


When January rolls around, you'll have everything necessary to make tax season a breeze. No more frantic searching for receipts or struggling to remember how much you spent on deductible items.


How to File Your Taxes

and Receive Your Refund Fast

Carolina Business Services

Explore the Details Here

  • 1. Carolina Business Services Prepares Your Tax Return

    We’ll guide you through identifying all your deductions and credits in our Q&A Tax Interview, ensuring you get the maximum refund possible. All you do is answer simple tax-related questions. 


    We take care of all the calculations and let you know if you are missing information that will save money on the taxes that you owe.

  • 2. Carolina Business Services Transmits Your Tax Return to the IRS

    E-file your tax return with direct deposit to your personal bank account is the fastest way to receive your refund. 


    If you owe a tax payment, you can still e-file. Mail your payment to the IRS or pay via the IRS mobile app before the deadline for filing your taxes. 

  • 3. The IRS Takes Over and Begins Processing Your Tax Return

    Your Tax Return is processed by the IRS, generally within 48 hours from the e-file submission date. Usually, the IRS will issue your refund within 21 days of acceptance. 


    For more information, see IRS Publication 2043 or contact us. You can check the status of your e-filed tax return through the IRS Website Portal or the IRS mobile app.

  • 4. The IRS Sends Your Refund to You!

    IRS automatically deposits your refund into your checking or savings account.

Receive Your Refund Faster

& Reduce Tax Time Stress


By using our checklist all year, you'll never miss a deduction or credit you deserve. But, if you did not start earlier in the year, start now.


With our Tax Preparation Services, you'll be ready to file as soon as you receive your W2, 1099, or other income documentation.


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