Frequently Asked Questions
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Yes. Asap Taxes LLC will sign your return under the Paid Preparer’s section and include our PTIN. Beware of Ghost Preparers that mark your return as “Self-Prepared”.
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We offer competitive pricing. Our fees are charged on a per-form basis. Please visit our Fees link for exact pricing.
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We use Secure File Pro (SFP) as our secure client file exchange software. During your onboarding process, we create a Client Portal for you on the website Secure File Pro. The only way we send or receive sensitive information is through the Client Portal profile we create for you. All transmissions are secure, and files are encrypted at rest on the server. Security is our highest priority and promise to you.
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Yes. All current year and prior year copies of your tax return and tax forms will be available and securely stored in your Client Portal which you access to 24 hours 7 days a week.
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A. To begin working with Asap Taxes LLC go to our page Become a Client and fill out the short form below to begin the onboarding process.
B. In less than 24 hours you will receive an email from our Secure File Pro email account requiring you to create your Client Portal account.
C. Follow the instructions from the email to finalize your account setup.
D. Upload your documents (W-2, last year’s tax return, ID, 1099s, or 1098s, etc.) in your Secure File Pro Client Portal account only.
E. We will prepare your return and if any additional questions are needed, you will be contacted through the client portal.
F. If no additional questions are needed from you, we can finalize your tax return forms in less than 3 business days.
G. After your return is prepared. We will send you a summary of tax return (tax due or tax refund). You will also have the option to schedule a phone call or Zoom to discuss your return.
H. Once you are satisfied with the results and the work has been completely, you will receive a bill due to Asap Taxes LLC payable through your SFP Client Portal.
I. After your return is ready for E-file, you be sent Form 8879 for E-signature giving us authorization to E-File your tax forms. For security purposes, our software will ask a few questions to confirm your identity before allowing you to E-sign Form 8879.
J. Lastly, you wait for your tax return amount and check on the status through the IRS website or pay the tax due through automatic debit or direct payment on the IRS website. For convenience, there is an IRS website link to check your refund status on our website’s footer.
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To begin preparing your tax return we will need the following documents and action item:
A. Photo of Driver’s License
B. W-2 or 1099 (with full SSN)
C. Copy of last year’s tax return
D. Finalize the personal information on the Profile tab of your client portal.
Additional information or documents may be required such as: Dependent information (DOB, SSN, Etc.) 1098 Mortgage Interest, 1099-INT, 1095 Health Insurance, 1099-B (Brokerage Statement), Schedule K-1 Partner’s Share of Income, Deductions, and Credits, Profit and Loss Statement for Schedule-C, Balance Sheet for Partnership Tax Return (Schedule L), Operating Agreement of Partnership.
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It depends, if you itemize deductions or claim the standard deduction the amounts will vary. Itemizing your deductions is always better because that will net you a lower taxable income. However, you can only itemize if your expenses are greater than the standard deduction (2023 standard deduction for filing status as single = $13,850, MFJ or QSS = $27,700, HOH = $20,800). Itemizing deductions means you can write off large personal expenses, on Schedule A of your Form 1040, like mortgage interest paid, property taxes paid, certain unreimbursed medical & dental expenses over 7.5% of your AGI, qualified charitable contributions up to 60% of your AGI, state and local taxes, deductible portion of your DMV Vehicle License Fee. If you do not itemize, you will still receive a standard deduction (reduces your taxable income and possibly tax bracket) according to your filing status as mentioned above.
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No. You cannot claim your dog as dependent. However, other pet related expenses might be deductible for you if you meet the criteria. If your pet is a valid service animal, you may be able to deduct service animal expenses that will fall under the medical expense category. Medical expenses that exceed 7.5% of your AGI are eligible write offs. Remember, your pet must be an actual service animal.
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It depends. If you file Married Filing Joint and your Modified AGI is less than $155K, you can deduct the lesser of $2,500 or the amount of student loan interest paid. If you file Single, Head of Household, or Qualifying Surviving Spouse and your Modified AGI is less than $80K, you can deduct the lesser of $2,500 or the amount of student loan interest paid. If your filing status if Married Filing Separate, you do not qualify for the student loan interest deduction.