The following questions are in relation to the last known tax return you have filed with the government.Marital Status: Please Select Single Married Filing Jointly Married Filing Separate Head of Household Qualifying Widow(er) with dependent : Did your status change in 2024? No Yes Dependents?: # of dependents Did this number change in 2024? No Yes Did your address change?: No Yes If yes, enter the new address:Street Address City State Zip Taxpayer's Occupation: Spouse's Occupation:
Primary bank account for electronic tax refunds/balances due: RAC has on File: (account ending: #### )Bank Name: Bank Name Personal Checking Personal Savings Business Checking Business Savings Account Number: Bank Account # Routing Number: Routing # Income Tax Refund/Balance Due Preferences:(Please choose for each of the possible scenarios below)
IMPORTANT: If you or your spouse are a new client or if your Driver's License was renewed or updated in the past year, please upload a copy of both the front and back of the license in the upload documents section below. Uploaded It has not changed.*
At any time during 2024, did you or your spouse:
Buy, receive, sell, exchange, or otherwise dispose of any cryptocurrency? No Yes* If yes, we will need a list of all taxable transactions. Need assistance on this? Find out more at www.rac-co.com/crypto
Make any Energy Efficient Home Improvements? (Includes second homes now) No Yes* If yes, please provide statement/receipts.
Make any solar, fuel cell, geothermal or wind-powered improvements to your primary residence? No Yes* If yes, please provide statement/receipts.
Purchase an electric or fuel cell vehicle? No Yes* If yes, please provide statement/receipts.
Make any payments on student loans? No Yes* If yes, please provide form 1098-E.
Receive any unemployment income? No Yes* If yes, please provide form 1099-G.
Get your health insurance through the marketplace? No Yes* If yes, please provide form 1095-A. (We do not need forms 1095-B or 1095-C)
Pay for long-term care insurance? No Yes* If yes, please provide statements/receipts.
Have any interests in, or are you a member/partner of a business that you will receive a K-1? No Yes*
Make any contributions to an HSA outside of payroll? No Yes* If yes, please provide form 5498-SA.
Taxpayer contribution HSA plan type: Please Select Single Plan Family Plan Amount Contributed: $
Spouse contribution HSA plan type: Please Select Single Plan Family Plan Amount Contributed: $
Spend any funds from your HSA throughout the year? No Yes If yes, please provide form 1099-SA.
Were all the funds used for qualified medical expenses? No Yes*
Make any contributions to an IRA? No Yes* If yes, please provide form 5498 if available. (sometimes this form will not be available until May)
Taxpayer Retirement Account Type: Please Select Traditional IRA Roth IRA SEP IRA SIMPLE IRA Amount Contributed: $
Spouse Retirement Account Type: Please Select Traditional IRA Roth IRA SEP IRA SIMPLE IRA Amount Contributed: $
Receive an Identity Theft PIN number? No Yes* If yes, please provide the letter(s).
Have an interest or signature authority over any foreign financial banks that had an aggregate value of $10,000 or more during the calendar year? No Yes*
You have an obligation to file form FinCEN114. Would you like RAC to prepare this for you? No Yes
For NYS Residents Only: Maintain living quarters in NYC anytime during the year? No Yes*
Month to Month
Were you an educator? Eligible Teachers & Educators may deduct up to $300 for unreimbursed classroom expenses. No Yes* If yes, please provide statements/receipts below
Who was the educator? Please Select Taxpayer Spouse Both Amount of Qualified Expenses: $
For NYS Residents Only: Were you a volunteer firefighter anytime during the year? No Yes*
Who was the firefighter? Please Select Taxpayer Spouse Both Please provide the: Company/Department & Address
Make any estimated tax payments? No Yes* If yes, please provide payment details below
Are you a Single Member LLC? Yes No
If yes, then you need to file NY Form IT-204-LL for annual tax reporting. Please complete the SMLLC IT-204-LL Form to provide the necessary details for this filing.
Name of Entity/Activity:
EIN:
Who does this Entity/Activity belong to? Taxpayer Spouse Both
*If using QuickBooks Online, please add us as your accountants using: OASTeam@rac-co.com**If using QuickBooks Desktop or an excel spreadsheet, please provide a copy of all necessary files
Did you have any business or farm activity in 2024 that was not held by a partnership or S-Corporation? No Yes If yes, Please Select I had a business I had a farm I had both Did you sell/dispose or trade in any assets in 2024 that were used for business purposes in prior years? No Yes If yes, please provide all necessary information relating to this transactionDid you buy or inherit any assets in 2024 that were used by or for your business or farm during 2024? No Yes IF yes, please provide all necessary information relating to this transactionDid you close or sell your business, farm or partnership interest in 2024? No Yes If yes, please provide closing documents Did you receive the Employee Retention Credit in 2024? No Yes If yes, amount received: $ Amount
Fill out the below sections if you are a partner of a partnership (K-1), a farmer (Schedule F), or a business owner (Schedule C):Apply the information below to: My Business My Farm My K-1 (1065)
Home Office Deduction Information: Square Footage of Home (livable): Square Footage of Home Office: Home Insurance: $ Amount Utilities: $ AmountInternet Service: $ Amount Repairs: $ AmountCell Phone:$ Amount
Mileage Deduction Information*: Year: Date placed in service: Make: Total Miles Driven for the year**: Model: Business Miles Drive for the year: *If you have mileage for more than one activity, please add this information to Other Notes and Comments below**This is the difference between your odometer read as of January 1 and December 31st
Physical Address of Property: Address City State Zip
Is this property held in an LLC? Yes (fill out below) No, but I would like it to be No, and I'm okay with that
Name of LLC:
Who does this rental property belong to? Taxpayer Spouse Both
Did you have any rental activity in 2024 that was not held by a partnership or S-Corporation? No Yes If yes, Please Select I had one rental I had multiple rentals (please use a new sheet for each rental property) Did you sell/dispose or trade in any assets in 2024 that were used for your rental(s) in prior years? No Yes If yes, please provide all necessary information relating to this transactionDid you buy or inherit any assets in 2024 that were used by or for your rental property(ies) during 2024? No Yes IF yes, please provide all necessary information relating to this transactionDid you buy or sell any rental properties in 2024? No Yes If yes, please provide closing documents and all necessary and pertinent information Did you have an outstanding mortgage on any rental property(ies) that you own as of the end of the year? No Yes If yes, please provide all balances and interest expense detailsDid you make any payments requiring Form 1099? No Yes If yes, did you or will you file the necessary Form(s) 1099? No Yes
Only for those who said "None" to the accounting software question above: Use the below section to report all financial information relating to your rental property(ies):
General Information: Number of Fair Rental Days: Number of Personal Use Days: Rents Received (for the year): $ Amount Royalties Received (for the year): $ Amount
Mileage Deduction Information: Year: Make: Model: Date placed in service: Total Miles Driven for the year*: Business Miles Drive for the year: *This is the difference between your odometer read as of January 1 and December 31st
Expenses: Advertising: $ Amount Cleaning & Maintenance: $ Amount Commissions: $ Amount Insurance: $ AmountLegal and Professional: $ Amount Management Fees: $ Amount Mortgage Interest: $ Amount Repairs: $ Amount Supplies: $ Amount Property Taxes: $ Amount Utilities: $ Amount
If you wish to have RAC file your tax return by the filing deadline of April 15, 2025, then we need all of your documents and materials by no later than Tuesday, March 25, 2025.To assist you in anticipating and gathering all of your 2024 tax documents. Please use our helpful Personal Income Tax Checklist and be sure to include this checklist when submitting your documents to us. Tax return preparation will not begin until all required materials have been received.Ig you need more time this year, please don't wait to request that we file an extension for your personal return. You can request that we file this extension any time before and up to April 15, 2025, online here: https://www.rac-co.com/1040extensionRemember to upload a copy of the front and back of your driver's license(s).