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Frequently Asked Questions

Question: How much will it cost if I have Schedules A (itemized deductions), B (interest and dividends), D (capital gains)?

Answer: A ballpark estimate is $165. Check out the quotes page for more info.

 

Question: How much will it cost if I have Schedules A (itemized deductions), C (business expenses), self-employment tax, and business use of my home?

Answer: A ballpark estimate is $255. Check out the quotes page for more info.

 

Question: What is the rule about the Roth conversions in 2010?

Answer: In 2009 and prior years, you can rollover/convert money from a traditional IRA to a Roth IRA only if your income is below $100,000. And you can only contribute money to a Roth IRA if your income is within certain limits, which is $120,000 in 2009 if you're single. But in 2010, you can convert money from a traditional IRA to a Roth IRA regardless of your income. Tax may be due on the conversion. If you make too much to contribute to a Roth IRA, you can contribute to a traditional IRA without claiming a deduction and convert that amount to a Roth IRA. The rules are tricky though.

 

Question: What are the special tax breaks for 2009?

Answer: For 2009 the most popular credits/deductions are the deduction for sales tax on the purchase of a new vehicle, the first time homebuyer's credit, and credits for energy efficient structures. Check out our article.

 

Question: Where are you located?

Answer: We're located in San Carlos, CA.