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For Single or Head of Household filing  

Tax prep consists of a form or forms filed with your tax authority that reports income, expenses, and other pertinent tax information. Tax returns allow taxpayers to calculate their tax liability, schedule tax payments, or request refunds for the overpayment of taxes.

There are three personal income tax forms — 1040, 1040A and 1040EZ

For MFJ or MFS filing  

Joint tax return (i.e., married filing jointly filing status) is a single tax return filed by a married couple that had married before the end of the tax year, on which they report their combined income, credits, exemptions and deductions. Joint filers receive one of the largest standard deductions each year, allowing them to deduct a significant amount of income when calculating taxable income. Couples who file together can usually qualify for multiple tax credits such as the: Earned Income Tax Credit.

If you run your business as a sole proprietorship, or as an LLC and you are the sole owner, we'll report your business income and expenses on Schedule C along with your personal income tax return. A business tax return reports your company's income, tax deductions, and tax payments, whether registered or not. You are responsible for filing your return annually with the IRS to calculate your business's tax liability. Your TaxPro will serve as your chosen tax advisor, helping you make tax planning decisions throughout the business year. We'll be able to provide tips that will keep you better organized with the tax information you collect saving you thousands!

For MFJ or MFS +Business filing  

*Same as married filing joint and Business filing as stated above, as well as each spouse must file a separate Schedule C (or Schedule F) to report profits and losses and, if otherwise required, a separate Schedule SE to report self-employment tax for each spouse if needed.