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Finesse Tax Accounting, LLC

Individual Annual Engagement Agreement & Update Questionnaire

Basic Background Data

Did Finesse Tax Accounting prepare/file your 2021 tax returns for you? *
Were you legally married as of 12-31-22 (the last day of tax year 2022)? *
Please select a filing status option: *
STOP!!! BEFORE PROCEEDING YOU WILL NEED A COPY OF YOUR LAST TAX RETURNS YOU FILED IN FRONT OF YOU.  WHY?  BECAUSE YOU MUST PROVIDE MATCHING INFO FROM LAST YEAR.  WHOEVER WAS TAXPAYER ON LAST RETURN MUST BE TAXPAYER ON THIS RETURN.  WHOEVER WAS SPOUSE, MUST BE SPOUSE.  SO FOR THE INFO BELOW PLEASE ENSURE THAT WHERE YOU ARE ASKED FOR TAXPAYER INFO YOU PROVIDE THAT FOR WHO WAS LISTED AS TAXPAYER ON LAST RETURN YOU FILED.  DO NOT REVERSE TAXPAYER AND SPOUSE FROM LAST YEAR TO THIS YEAR AS THIS WILL CAUSE CERTAIN ISSUES WITH THE IRS AND WITH YOUR FILINGS.
Would you like us to refer to you by a different name or nickname? (Example: Mike instead of Michael or Sam instead of Samuel) *
Would you like us to refer to your spouse by a different name or nickname? (Example: Mike instead of Michael or Sam instead of Samuel) *

Mailing Address

Do you need us to use a foreign address on your tax returns this year? *
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Do you have a special local taxing area or school district you would like us to note for your returns? *
Did you move during calendar year 2022? *
During calendar year 2022 did you move from one state to another state? (Note: Washington, DC is considered a state for tax purposes.) *
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Did you move between states (DC being considered a state), more than once during calendar year 2022? (Example, you moved from Massachusetts to Maryland to Texas all during 2022) *
Since you have indicated you moved more than once during 2022, please provide details for any other moves you made between states (DC being considered a state) during calendar year 2022:
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Dependent Info

Do you have any children or dependents who should be reported as such on your tax returns for the tax year 2022? Providing dependent information below WILL result in those individuals being listed as such on your returns so please only list info for dependents you can legally claim as such on your 2022 returns. *
How many children or dependents do you have? *

Dependent 1

Was this dependent listed on your prior year's tax returns? *

Dependent 2

Was this dependent listed on your prior year's tax returns? *

Dependent 3

Was this dependent listed on your prior year's tax returns? *

Four or More Dependents

Email Contact Info

SPOUSE'S EMAIL MUST BE DIFFERENT THAN TAXPAYER.  FAILURE TO PROVIDE A UNIQUE EMAIL ADDRESS WILL PREVENT FINESSE TAX ACCOUNTING FROM BEING ABLE TO EFILE YOUR TAX RETURNS FOR THIS YEAR.  IN OTHER WORDS, DON'T MAKE THE TAXPAYER EMAIL AND SPOUSE EMAIL THE SAME OR WE CAN NOT EFILE YOUR RETURNS!
Please note that during certain phases of this engagement we can only contact one of you by email, mainly during out processing of returns, as our system is not set up to email both taxpayer and spouse during some parts of the preparation and out processing phase of this engagement. When allowed for we do email both parties as needed however there are just parts of the process where it is not possible to email both parties. Who would you like to designate as the primary contact for the portions of the preparation and out processing phase where we are only able to contact one of you? *

Direct Deposit Information and Authorization

If you are getting a refund, would you like it directly deposited into your bank account? *
PLEASE BE ADVISED DUE TO INTERNAL POLICIES AT FINESSE TAX ACCOUNTING, WE ARE UNABLE TO CHANGE DIRECT DEPOSIT DECISIONS AFTER WORK HAS BEGUN ON YOUR RETURNS.  SO IF YOU SELECTED NO FOR DIRECT DEPOSIT, THIS DECISION IS IRREVOCABLE.
If you have a balance due would you like it directly debited from your bank account? *
PLEASE BE ADVISED DUE TO INTERNAL POLICIES AT FINESSE TAX ACCOUNTING, WE ARE UNABLE TO CHANGE DIRECT DEBIT DECISIONS AFTER WORK HAS BEGUN ON YOUR RETURNS.  SO IF YOU SELECTED EITHER YES OR NO FOR DIRECT DEBIT, THIS DECISION IS IRREVOCABLE.
Is this a checking or savings account? *

Misc. Information

Is this your first visit to our office/first time using our services? *

ACA/Health Insurance Compliance Questionnaire

Did you have health insurance coverage for all 12 months of the tax year for which we are preparing tax returns? (please note that coverage for just one day of a month is considered coverage for the entire month) *
Did you buy any of your health insurance online using a "health insurance exchange/marketplace" like healthcare.gov, dchealthlink.gov, marylandhealthconnection.gov, etc? *
Please check each month where you had at least one day of health insurance *

Engagement Letter and Consent Form Section

CLIENT ENGAGEMENT LETTER

 

Dear Client,

Thank you for the opportunity to work with you in preparing your income tax returns.  To foster a complete understanding of our relationship, take a moment to review the following information.

We will prepare your income tax return based solely on the information you furnish to us.  Upon completion of your tax returns we will return any original tax documents to you unless otherwise instructed by you.  From time to time our office may retain scanned copies of your documents for our records, however you should retain all documents, cancelled checks and other data that form the basis of income and deductions and other tax return forms, schedules, elections and disclosures.  Such documents include but are not limited to, all receipts, invoices, bills and proper records to support all deductions claimed for items such as meals, travel, business gifts, charitable contributions, supplies, services, and vehicle use (if applicable), as well as bank and credit card statements.  These records will be necessary to prove the accuracy and completeness of the returns to taxing authorities, should your returns be selected for examination. We recommend keeping all documents and copies of your returns for a minimum of five years after you file your tax returns or after their due date, whichever is later.

Our work in connection with the preparation of your income tax return cannot be relied upon to disclose errors, irregularities or illegal acts, including, without limitation, fraud that may exist within the documents or figures you provide.  We will use our professional judgment in resolving questions where the tax law is unclear or where there may be conflicts between the tax authority’s interpretations of the tax law and other supportable positions.  Unless instructed by you, we will take a tax position in your favor whenever reasonable.  We cannot provide any assurance that tax positions taken will not be challenged or ensure the ultimate outcome of such a challenge.  Moreover, we cannot be responsible for issues arising from any income, expenses or other information not provided to us at the time of tax preparation or prior to the filing of your returns.

Please note that this engagement, and this firm’s services, include but are not limited to general and annual income tax related services.  Unless specifically requested by you, and agreed upon in writing we do not provide any services related to payroll tax, sales tax, excise tax, and personal/tangible business property tax or services related to property taxes assessed on real property, whether residential or commerical.  Nor can we be relied upon to determine or report your compliance, or lack thereof, with any Federal, State, or Local business related laws, health care or human resources regulations, retirement plan compliance or any business, property, or professional permitting/licensing.   

The charges for our services are on a “per form” basis with references to time spent by our professional staff to perform the work, and costs incurred for related supplies and expenses, including copy charges, overseas/long distance phone charges and computer processing charges.  It is company policy not to release tax returns or any tax related reports, schedules, information, advice, or notes without payment in full.  Should a situation arise where services have been rendered but payment is not received and our firm is forced to or elects to seek legal assistance to collect fees due to us, please note that you may be asked to reimburse our firm for the legal costs to collect any outstanding balance due.

Because we understand that cost is an important issue for many clients, we will do our best to provide you with an estimate of our fees prior to completing your returns but please understand that circumstances arise which may raise or lower the estimated fee.  We will contact you if such a situation arises after you receive an estimate. 

If you are completing or need us to complete a Condominium Association or HOA form 1120-H please note our standard fee of $350, has increased to $400 for all 1120-H Forms prepared/completed after January 1st, 2023.

Please be advised that as of January 1, 2023, Finesse Tax Accounting, LLC has moved to a tier based fee structure.  This structure applies to all tax preparation engagements except 1120-H Condominiun Association Returns which pay a flat rate of $400 per year.  Any services provided thereafter, for our Condo Assn clients are billed at $350 per hour.

Under this tiered structure, you may select, annually, your fee tier.  Under Tier 1, you will be charged a flat rate for tax preparation services plus $350/hour for advisory services.  Under Tier 2, you will be charged a flat rate that is higher than Tier 1, however there will be no hourly charges for advisory services.  For more information on our tiered fee structure, please contact our office by phone/email and we can provide you with detailed information to help inform you about all aspects of the tiered structure and make whatever decision is best for you.

Please be advised, Finesse Tax Accounting, LLC has a surcharge that exists for returns which are started in close proximity to the main April and extended October deadlines whereby, you expect to file by the coming deadline.  While we understand circumstances arise that might push your filing close to a deadline, for most taxpayers, most of your tax documents and information should readily be available in January, February and early March.  Also, this engagement agreement is available December each year and you can always complete your annual engagement agreement very early, annually.  Waiting until the last weeks of any tax season, to turn in your information, creates a substantial time and monetary burden on Finesse Tax Accounting and our staff members, in terms of increased labor and overtime costs, which is why there is a surcharge for waiting until a deadline is upon us or in close proximity to when you start your tax preparation engagement. 

Should you engage our firm to prepare your 2022 taxes but do not provide us with both this engagement agreement and at least 50% of your tax return documents/information by March 25th, 2023 but you expect to file by the April 2023 deadline, a surcharge of $250 will be added to your final invoice for your tax preparation engagement.  This fee will not apply if you agree to go on extension allowing for more time to file beyond April 15th or if we inform you that finishing your taxes by the deadline is not possible.  Moreover, whether your are an existing or new client, if we are beyond the April deadline and you engage with our firm for your 2022 returns and fail to provide us with both this engagement agreement and at least 50% of your tax return documents/information by September 25th, 2023 but you expect to file by the October 15th, 2023 deadline, a surcharge of $250 will be added to your final invoice for your tax preparation engagement.  So please note, you can avoid this surcharge fee by turning in both this engagement agreement and at least 50% of the information needed to prepare your returns, prior to either March 25th, 2023 or in the case of clients on extension, September 25th, 2023.

All invoices issued by Finesse Tax Accounting, LLC to you in connection with our services rendered per this or any engagement, must be paid within 14 days from the date on the invoice.  Any invoice, aged longer than 14 days, will be assessed a 10% administrative and operational collections fee.  Please note, if your invoice remains unpaid after 30 days from the date on the invoice, another 10% administrative and operation collections fee may be assessed.

Upon completion of your returns and after you have paid your tax preparation fees we will provide you with a copy of your returns as well as the e-file signature authorizations and any applicable payment vouchers to complete your tax filing.  You should review the completed returns carefully.  If you see anything that requires changing please bring it to our attention immediately and we will either explain the matter to you or correct it without delay and provide you with new, corrected copies.  If you are satisfied with the returns and see no issues, please sign and date the e-file signature authorizations and return them to this office immediately.  Please note that all taxing authorities prohibit us from transmitting your tax returns without signed authorization from you.  Please also note that if your returns can not be e-filed we will provide you with paper copies to sign and mail to the taxing authorities.

Please be advised that if you receive any correspondence from a taxing authority that pertains to your tax returns we do not consider this to be included with your standard tax preparation engagement however, we will be happy to address this matter on your behalf or advise on the best course of action.  This service would fall under the category of advisory services and depending on your tier selection, you may be charged an hourly rate for our work in connection with your tax authority letter.  Should you fully engage us to resolve a tax authority letter, please be advised that at any time in the resolution process you may choose to have us cease our work in connection with your correspondence but we will require said request in writing with your name and signature included.  If, during the course of this work, it becomes apparent the correspondence received was due to an error or omission by this office there will be no charge for handling the correspondence regardless of the time involved.  

Please also note that audit/examination representation work is not included in the tax preparation fee regardless of the tier selection you might make annually, and is considered a different engagement with a separate fee structure.  If you have any questions regarding the specifics of audit/examination representation please feel free to ask any time before, during or after your appointment.  Again if your returns are audited or examined by any taxing authority, for any reason, the fee you paid for tax preparation preparation does not include the costs to represent you with regard to any audit or examination.

Finesse Tax Accounting, LLC takes your privacy and personal information very seriously.  We will take whatever steps are necessary to safe guard that information and will never sell or disclose said information to anyone outside the firm for any reason.  Please note that while we will protect your confidential information, our firm, from time to time, will need to utilize some of your information for internal purposes not related directly to your current year tax preparation or for administrative reasons or to alert you to something we feel you need to know.  Examples of this usage might include; mailing/emailing you a newsletter, mailing a holiday card, sending a text message to alert you to a tax law change, alert you to coming deadlines, or remind you of something we feel is important to assist with the filing or out processing of your returns.  By signing this letter you agree to allow Finesse Tax Accounting, LLC access/usage to your information for such instances including but not limited to the aforementioned examples.

Please also note that in an effort to do our best to protect you from the increasing threat of identity theft and to ensure the returns filed by our firm are accurate, true, and pertain to the proper client or taxpayer, Finesse Tax Accounting, LLC reserves the right to request, as condition of our providing services, certain documents to verify your identity and the identity of others you may be listing on your tax returns.  This is for your protection and for the protection of your spouse and/or dependents and these documents will be safeguarded to the best of our ability and in accordance with our document protection procedures.  Such documents requested by our firm may include but are not limited to; government issued photo identification, Social Security Cards, birth certificates, or visa and immigration related documents.

If you agree with the terms of our engagement as described in this letter please sign below.  Please be aware that by signing below and giving us your income tax information, you expressly agree to the terms of this engagement letter.  We want to thank you for putting your trust in Finesse Tax Accounting, LLC and look forward to a long and mutually satisfying relationship.

 

Warm Regards,

Michael L. Fine, CSA

President

Finesse Tax Accounting, LLC

SIGN IN BOX BELOW WITH YOUR MOUSE OR A STYLUS IF USING A TOUCHSCREEN ENABLED DEVICE
Please sign indicating agreement with the above engagement letter. *
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CONSENT TO USE OF TAX RETURN INFORMATION

Federal law requires this consent form be provided to you.  Unless authorized by law, we cannot use, without your consent, your tax return information for purposes other than the preparation and filing of your tax return.  However, federal law also prohibits us from revealing any personal or financial information to any third party.  Therefore as a matter of fact, we will never reveal your financial or personal information in any way, to anyone, unless you specifically request we do so, and provide in writing to us the specific person or persons to whom you wish that disclose to be made, which is done on a wholly separate consent form from this.   For the purposes of this consent form please note we are seeking consent only to satisfy requirements set forth by federal law so we may speak with you on the phone, send you email correspondences of any kind, send you mailings, newsletters, email reminders, holiday and occasional cards and greetings, and reminders of upcoming deadlines, etc. 

You are not required to complete this form.  If we obtain your signature on this form by conditioning our service on your consent, your consent will not be valid.  Your consent is valid for the amount of time that you specify.  If you do not specify the duration of your consent, your consent is valid for a period of three years from the date you have signed the consent.

The undersigned hereby consents to the use; by Finesse Tax Accounting LLC, its owner, employees, and staff; of any and all tax return information pertaining to:

  • Direct questions, inquiries or requests you make regarding your tax returns, situation, or issues.
  • Requests you make for copies of your documents, figures, numbers, or information.
  • Upon your direct request in order to connect you with another professional in another field or profession so you may gain further information on a certain topic not available or in the realm of expertise of this firm.
  • Notification of important tax law changes.
  • Notification of changes or information that will impact our engagement, such as a change of firm website address, email address, physical location, or other such contact, biographical or geographical information.
  • Other reasonable business purposes including but not limited to: appointment reminders, holiday mailings, birthday greetings and other informational mailings.

The tax information may not be disclosed or used by Finesse Tax Accounting, LLC, its owner, employees, or staff, for any purpose other than that which is permitted by this consent document.

If you believe your tax return information has been disclosed or used improperly in a manner unauthorized by law or without your permission, you may contact the Treasury Inspector General for Tax Administration (TIGTA) by telephone at 1-800-366-4484 by email at complaints@tigta.treas.gov.

SIGN IN BOX BELOW WITH YOUR MOUSE OR A STYLUS IF USING A TOUCHSCREEN ENABLED DEVICE
Please sign to indicate you give consent as spelled out above *
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Crypto Currency/Foreign Bank Account/Foreign Asset Information

At any time during the tax year for which we are now preparing taxes, did you; and/or anyone listed on your tax return (spouse or dependents); receive, sell, send, exchange, or otherwise acquire any financial interest in any crypto or virtual currency? *
Did you have any crypto holdings with FTX on Nov 11, 2022 that are now frozen, inaccessible, or valueless? *
To the best of your knowledge are you the owner of or have signature authority on any foreign bank accounts, investment accounts or pension/retirement accounts? *
At any point, during the tax year for which we are preparing a tax return, did the balance or value of the foreign account(s) rise above $10,000 (ten thousand) US Dollars? *
To the best of your knowledge do you own or have signature authority on any foreign "assets." Assets are defined as but not limited to; foreign partnership or corporate holdings, real estate, life insurance, art, jewelry, precious metals, currency holdings, collectibles, cars, boats, airplanes. *
At any point, during the tax year for which we are preparing a tax return, was the combined value of all your foreign accounts and assets greater than $50,000 (fifty thousand) US Dollars? *
SIGN IN BOX BELOW WITH YOUR MOUSE OR A STYLUS IF USING A TOUCHSCREEN ENABLED DEVICE
Please sign to indicate the above information concerning crypto currently, foreign bank and asset reporting is true to the best of your knowledge *
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Annual Tax Update Questionnaire

All of the following, unless otherwise specified, refer to situations, income, or expenses for calendar year 2022:
Unless otherwise specified "you" refers to both you and your spouse if you were married on the last day of the tax year 2022 so if the question applied to either or both you or your spouse (if applicable), please answer YES.

Income Related Questions

Did you hold a job or have an employer where you receive a W-2? *
Did you change jobs during the year? *
Did your spouse change jobs during the year? *
Did you (and/or your spouse if applicable) have any bank accounts where you earned more than $10.00 in interest? *
Did you (and/or your spouse if applicable) have any post tax investment/brokerage accounts, where you earned dividends? *
Did you (and/or your spouse if applicable) dispose of/sell any stocks, mutual funds, bonds or securities during the year? *
Did you (and/or your spouse if applicable) own a small business or receive contractor/self employment earnings? *
Do you (and/or your spouse if applicable) keep reconciled books or use a bookkeeper or bookkeeping software to track your income and expenses for your business? *
Do you (and/or your spouse if applicable) have any W-2 employees working for your small business? *
Do you (and/or your spouse if applicable) have any contractors (individuals/people or single member LLC's) to whom you paid $600 or more during the year? *
Did you or will you issue 1099-NEC forms to these individuals or single member LLC's? *
Does your household typically have greater than $3000 in out of pocket medical expenses (health insurance, copays, Rx, doctor/hospital fees, mental health/therapy) that is NOT covered or reimbursed by insurance/FSA/HSA? Or do you expect for the coming year you will have greater than $3000 in out of pocket medical expenses? *
Did you (and/or your spouse if applicable) exercise the option to purchase incentive stock from your employer, also known as an ISO, during the year? *
At any point during the year did you (and/or your spouse if applicable) own any percentage of an S Corporation or Partnership/Multi Member LLC? *
Did you (and/or your spouse if applicable) receive any income from a source outside the USA? *
Did you (and/or your spouse if applicable) pay tax to any foreign government? *
Did you (or your spouse if applicable) receive any unemployment compensation during the year? *
Did you (or your spouse if applicable) receive any tip income or gratuities not reported to your employer? *
Did you (and/or your spouse if applicable) have any gambling, lottery, or game show winnings? *
Did you (and/or your spouse if applicable) win an award or receive an honor that came with a monetary payment or that came with a prize with some kind of monetary value? *
Did you (and/or your spouse if applicable) have any credit card debt, student loan debt, personal debt, or any mortgage debt officially forgiven during the year? *
Did you (and/or your spouse if applicable) remove money from an IRA, 401k, 403b, ROTH IRA, SEP or any other official qualified retirement account? *
Did you (and/or your spouse if applicable) receive any Social Security benefits/income during the year? *
Did you sell any cryptocurrency during the year or convert one type of currency for another during the year? *
Did you receive payment, during 2022 (personally NOT work/business related) from a friend, relative, or third party via Venmo, Zelle, Paypal, or any other online or app based peer to peer payment service? *
Was the total amount you received, from any one of these services, $600 or more? *
Why did you receive payment via these services? Check ALL that might apply below *

Real Estate Related Questions

Did you (and/or your spouse if applicable) own a primary residence at any point during the year? Please note that you should answer yes even if you have a mortgage on your home whereby "the bank owns it technically." *
Did you (and/or your spouse if applicable) purchase a primary residence during the year? *
Did you (and/or your spouse if applicable) sell a primary residence during the year? *
Did you have a mortgage on your primary residence? *
Did you refinance your mortgage on your primary residence during the year? *
Did you convert a primary residence to a rental property during the year? *
Did you (and/or your spouse if applicable) own rental property at any point during the year? *
Did you (and/or your spouse if applicable) sell rental property during the year? *
Did you (and/or your spouse if applicable) purchase rental property during the year? *
Did you (and/or your spouse if applicable) have a mortgage on your rental property? *
Did you experience a foreclosure on any real estate or did you abandon a principal residence during the year? *

Quarterly Estimated Tax Payment Questions

Did you pay estimated quarterly tax payments (by check or online) to the IRS for 2022? *
Date of Each IRS Payment *
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Amount of Each IRS Payment *
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Did you pay estimated quarterly tax payments (by check or online) to any state government for 2022? For purposes of this form we will call Washington DC a "state." *
Date of Each State Payment *
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Amount of Each State Payment *
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Did you pay quarterly estimated taxes to more than one state for 2022? *
Did you paid quarterly estimated taxes to a city/county/locality that is not considered a state but has its own tax structure like. For example, Philadelphia and New York City have their own tax structures. Some cities/counties in Ohio, Missouri, Indiana, and several other states require separate quarterly payments in many cases. *
Date of Each Local Payment *
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Amount of Each Local Payment *
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Would you like Finesse Tax Accounting, LLC to remind you to make your estimated payments each quarter? Please note that by selecting "yes" below, Finesse Tax Accounting, LLC will send you a text message ahead of any estimated payment deadline to remind you to pay your estimated payments. *
ALERT: MOST CELL PROVIDERS WILL BLOCK TEXTS COMING TO YOU, FROM FINESSE TAX ACCOUNTING UNLESS YOU STOP AND ADD FINESSE TAX ACCOUNTING (703)-812-4750 TO YOUR CONTACTS LIST DIRECTLY.  PLEASE DO THIS NOW TO AVOID OUR TEXT REMINDERS FROM BEING BLOCKED BY YOUR CARRIER.

Childcare Info

Did you pay for childcare? *
Were any of your child care providers a nanny/au pair? *
Did you use a payroll company (Breedlove, Care.com, ADP, Paychex etc) to assist with your nanny/au pair payroll during the year? *

Credits & Deduction Related Questions

Did you finalize an adoption of a child? *
Did you (and/or your spouse if applicable) lend money, under an official written loan arrangement, to another person or business, with the understanding they would repay you, and during the year this loan became totally and completely uncollectible? *
Did you (and/or your spouse if applicable) purchase a NEW (not used) plug-in electric vehicle during 2022? *
Did you complete your EV purchase or sign a binding contract to purchase your EV prior to August 12, 2022? *
Outside of employer 401k/403b/TSP done through your normal paychecks, did you contribute directly yourself to an IRA or private retirement account like a Solo 401k, SEP IRA, Simple IRA, or Keogh plan? *
To what retirement account did you contribute? *
Outside of employer 401k/403b/TSP done through your normal paychecks, did your spouse contribute directly to an IRA or private retirement account like a Solo 401k, SEP IRA, Simple IRA, or Keogh plan? *
To what retirement account did you contribute? *
Did you pay out of pocket medical expenses (co-pays, prescriptions, doctor or hospital fees) that you believe will exceed 7.5% of your income for the year? *
Did you pay "car tax" or a value based excise tax on your car, truck, SUV, boat, trailer, RV, motorcycle, jet ski or other personal conveyance? *
Did you donate by cash, check, or credit card to any official 501c3 Non Profit/Charity during the year? (Sorry...political campaign contributions do NOT count even if you think they are a worthy cause!) *
Did you donate clothing, household items, furniture or other physical items to charity? *
Name of Charity *
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Address of Charity *
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Date of Donation *
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Value of Donation *
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Did you donate a vehicle to charity? *
Did you install any of the following on your primary residence during the year? *
Are you a teacher of grades K-12? *
Is your spouse a teacher of grades K-12 *

Higher Education Related Questions

Did you (and/or your spouse/children if applicable) attend college during the year? *
Did you pay any student loan interest during the year? *
Did you (and/or your spouse if applicable) contribute to any 529 plans during the year? *
Did you (and/or your spouse if applicable) make any withdrawals from a 529 Plan during the year or direct money to be paid directly to a college, university or K-12 Private/Parochial School from your 529 plan(s)? *
Are your 529 Plans sponsored by or qualified for your state of residence? For example, you are a DC Resident and your 529 Plans are held by "DC College Savings Plan." Or you are a Virginia resident and your plan is managed by "Virginia529." *

General Information/Background Questions

Did you (and/or your spouse if applicable) retire during the year? *
Did you (and/or your spouse; and/or children/dependents if applicable) receive an Identity Protection Pin (IP PIN) from the IRS or any State or Locality? *
Did you receive any letters from the IRS or any state/local tax agency that, as of the day you are completing this form, remains unresolved? *
Do you presently have any unpaid federal, state or local income taxes? *
Do you (and/or your spouse if applicable) expect a large fluctuation in income, deductions, or withholding for 2023? *
Did you (and/or your spouse if applicable) work overseas during the tax year? *
In the spaces below provide your travel info for 2022, business or personal.  Please provide the country, date you arrived there, and date you departed in chronological order starting with Jan 1, 2022.  Please also provide dates for any return trips to the USA that might have taken place during 2022.
Country *
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Date Arrived *
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Date Departed *
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Did you incur any costs to live overseas such as rent of an apartment, house, or hotel? *
For any child you listed above in the dependent section, who was under the age of 24 as of 12-31-22, did they have MORE THAN $1,150 in interest, dividend and capital gains income, under their name and SSN for tax year 2022? *

President Biden's Student Loan Relief Executive Order

As of the date you are completing this form, President Biden's executive order allowing for student loan debt relief has been placed on hold by the court system so this may not apply until tax year 2023 but please review the questions below and answer accordingly.
During 2022, did you (or your spouse if you were married in 2022) have FEDERAL student loans "forgiven" specifically under President Biden's Student Loan Relief Executive Order signed by The President on August 24th, 2022? If you recall, this executive order offered certain taxpayers up to $10,000 in federal student loan debt forgiveness (it was up to $20,000 for Pell Grant Holders) and is not linked to any public service based program. You would have applied for this directly on the studentaid.gov website. *
The following states either tax student loan forgiveness or are undecided as to whether they are going to tax the President's Student Loan Debt Forgiveness. Please select any state below where you lived for any part of 2022, even if it was prior to receiving forgiveness for your student loans under the President's Executive Order. If you see more than one state in the list below, where you lived for part of 2022, you may select more than one. If you did not live in any of the states below, select None of the Above: *

Maryland SAVES Act

During 2022, were you employed by a Maryland based company/employer who did NOT offer standard 401k/403b but during the year, offered you a MarylandSaves IRA Account? *
Did you agree to participate in, open, or fund a MarylandSaves IRA Account through your Maryland based employer? *

Special Virginia Covid Relief Refund

Between September 1, 2022 and Dec 31, 2022 did you receive a payment either by check or direct deposit, under Virginia's special one time rebate program? Married filers were eligible for up to $500, single filers up to $250. *
If you are unsure whether or not you received this one time rebate and you filed a 2020 or 2021 tax return with Virginia by November 1, 2022 you need to click this link to confirm whether or not you received this rebate and if so how much you received:
 
Virginia Rebate Look Up

New Tiered Fee Structure

In order to offer options, flexibility, and control over what you may be charged for your tax preparation and advisory services, Finesse Tax Accounting, LLC is pleased to announce that effective January 1, 2023 all engagements (except Condo Associations that file a federal 1120-H) will be migrated to a two tiered fee structure.  If you are not yet familiar with this structure or you might like more detailed information, please contact our office by phone or email so we may provide you with our printed materials to help you make the best decision for your tax engagement with our firm.  Below is a brief description of the two tiers available to you.  Once you have reviewed this information and/or our printed materials, please make a tier selection.

Tier 1:  For existing/returning clients with no substantial change to your taxes from 2021 to 2022, under this tier your tax preparation fee would be reduced by $150 from what you were charged for your 2021 tax return engagement.  For example, if your 2021 tax preparation fee was $800, your new tax preparation fee would drop to $650.  However, beyond direct tax preparation services, should you require advisory services, an hourly charge of $350/hr would apply.  If you would like a more detailed description of what is considered tax preparation services and what is considered advisory services, billed at our hourly rate, please contact our office. 

If you are a new client and Finesse Tax Accounting, LLC did not prepare your 2021 return, please refer to the notes from your call with our office where we quoted you a fee under Tier 1.  If you were not quoted a Tier 1 fee or are unable to locate the notes that you would have made during our first call, please contact our office and the staff will be happy to assist you by phone.  

Tier 2:  For existing/returning clients with no substantial change to your taxes from 2021 to 2022, under this tier your tax preparation fee would be increased by $300 from what you were charged for your 2021 tax return engagement.  For example, if your 2021 tax preparation fee was $800, your new tax preparation fee would increase to $1,100. However, beyond direct tax preparation services, should you require any advisory services, no hourly charge would apply.  If you would like a more detailed description of what is considered tax preparation services and what is considered advisory services, billed at our hourly rate, please contact our office. 

If you are a new client and Finesse Tax Accounting, LLC did not prepare your 2021 return, please refer to the notes from your call with our office where we quoted you a fee under Tier 2.  If you were not quoted a Tier 2 fee or are unable to locate the notes that you would have made during our first call, please contact our office and the staff will be happy to assist you by phone.  

Please select the Tier below that best suits your needs *

Tax Topic Text Alerts

From time to time, due to changes in the tax code, or when information comes to light that might be helpful, we try to share that information or those changes as quickly as we can.  Recently we implemented a system where we can text you changes to the tax code, tips or other info, quickly.  But to do this, we need your help determining what
might be of interest to you.
 
Below you will find some topics.  Feel free to select more than one and we will add you to those specific distribution lists and when we have information to share on any topic that you selected, we will sent out a short text.
 
Please be advised we send out texts sparingly and only when there is either a deadline or important change to tax law or some newsworthy information/tip we might think you may like to know but rest assured, will NOT "flood" your phone with texts.
ALERT: MOST CELL PROVIDERS WILL BLOCK TEXTS COMING TO YOU, FROM FINESSE TAX ACCOUNTING UNLESS YOU STOP AND ADD FINESSE TAX ACCOUNTING (703)-812-4750 TO YOUR CONTACTS LIST DIRECTLY.  PLEASE DO THIS NOW TO AVOID OUR TEXT REMINDERS FROM BEING BLOCKED BY YOUR CARRIER.

Tax Year 2023 Returns - Due April of 2024

In an effort to be proactive, we like to think ahead to our next engagement. While you are never locked into using our firm as a result of this particular engagement, we would like to know whether or not, should we fail to hear from you prior to your next tax return (Tax year 2023) being due (April of 2023), whether you would like us to file an automatic extension for you. Again this is just in case you get busy and forget to reach out to us early in 2024. Please select from the options below with the understanding that if you say "no", we will not automatically file an extension for you for Tax Year 2023 when we prepare extensions in March and April of 2024. Also please note this only applies if we do not hear from you ahead of when we typically file extensions in March or April of 2024, so you can select no, but contact us in early 2024 to request an extension specifically. *