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Why? FHTS

What to Bring

F.A.Q.'s

Francisco Hernandez Tax Service

FHTSWelcome

Are you familiar with that cold, chilly feeling you get when you know your income tax return is due?
Let us remove the chill by providing professional assistance, possibly leading to the warmth of a tax refund.

FRANCISCO HERNANDEZ TAX SERVICES, LLC.
Our 11,000 clients tells us that we educate them…we help them understand…rather than treating them as just one more taxpayer.
We can serve you—no matter where you live in the U.S.
And we’re available all year-round. Appointments are highly recommended, but not required.

What to Bring


FOR YOUR OWN TAX RETURN

  • All valid forms of identification for taxpayer, spouse and dependents
  • All social security cards for taxpayer, spouse and dependents
  • All birth certificates for taxpayer, spouse and dependents
  • All applicable W2 forms
  • All applicable Social Security statements
  • All applicable 1099 forms
  • All applicable documents for Earned Income Tax Credit purposes such as utility bills, lease agreements, etc.
  • All applicable bank tax documents. Including the bank routing number to use for tax refunds
  • All applicable mortgage interest statements
  • All applicable property tax information for houses and other property owned
  • All daycare information including name of provider, address, tax identification number or social security number if its an individual
  • Stock sale documents
  • Profit and Loss Statement (if you are a business owner)
  • For all new clients, please bring a copy of last year’s tax return

FOR SOMEONE ELSE’S TAX RETURN or “DROP OFFS”

  • All valid forms of identification for taxpayer, spouse and dependents if applicable
  • All social security cards for taxpayer, spouse and dependents if applicable
  • All tax documents listed above
  • Phone availability: The person whose tax we will be working on needs to be reachable by phone during the appointment
  • Fax availability: The person whose tax we will be working on needs to have access to a fax machine so that they can sign paperwork and fax it back to our office
  • For all new clients, please bring a copy of last year’s tax return

FOR A CORPORATE TAX RETURN

  • Bank statements
  • Profit and Loss Statement
  • Balance Sheet statement
  • EIN Number
  • Indication of corporation type: S Corp, Regular Corp, LLC, etc.
  • For all new corporations, we will need a copy of last year’s corporate tax return

F.A.Q.'s

FAQ

Can the tax preparation fee be taken from the tax refund?

Yes. These are called “bank products”. With a bank product, you get a refund in 10 to 16 days, with all fees deducted from the refund. The refund can come in the form of a direct deposit to your account or as a check printed in our office.

Can the tax preparation fee be paid out of pocket?

Yes. You will still get your refund deposit within the same 10-16 days, but the direct deposit will come directly from the IRS. If you choose to get a check from the IRS, then the turn-around time is about 4 to 6 weeks. Using this alternative, you pay all fees by cash or credit card.

Is it possible to get a 24-hour tax refund?

The former “rapid refunds” in 24 hours are no longer available. The standard wait time is 10 to 16 days.

What are the due dates of personal tax returns?

Generally, personal tax returns are due April 15. However, this year they will be due April 17. If an extension is needed, it will have to be submitted by this date.

What are the due dates for corporate tax returns?

Corporate returns are due March 15. If an extension is needed, it will have to be submitted by this date.

What are the due dates for submitting 1099-misc forms?

The 1099-misc form must be given to the subcontractor by January 31. Those forms must be submitted to the IRS by Feburary 28.

How much do you charge for Personal Taxes?

The charge depends on the complexity of the tax. We charge by what is considered a per-form basis. What this means is basically the more forms that have to be filled out the more the cost can be, likewise the less forms that have to be filled the less expensive it is. The fee of the tax return can be taken directly out of the tax return so that there is no out of pocket expense to the client. While the price ranges, on average the price of the tax return is $200.

Amendments are $300 if we did not do the original and $150 if we did the original tax.   Amendment fees are out of pocket.

How much do you charge for Corporate Taxes?

Corporate Taxes start as $300, although depending on the amount of activity on the return the price can increase or decrease. A no activity or very little activity corporate tax can be as low as $200. Now if a corporate tax has a lot of activity or if a profit and loss has to be prepared before the corporate return can even be started then the price can increase depending on the work involved.

What is a proper type of valid identification for taypayers?

There are five types of valid identification. There are a State ID, Driver’s License, Military ID, US Passport and Resident Alien ID.