FREQUENTLY ASKED QUESTIONS
Preparation and Filing
What documents do I need if I have a mortgage?
What documents should I receive from my employer?
The forms to prove employment may vary depending on individual situations. For most, an employer will provide a W-2 form. The self-employed (i.e. independent contractors, product sales representatives such as Mary Kay, etc.) should receive a 1099-MISC from the company.
What documents do I need if I am unemployed?
If you received unemployment benefits from your state over the past year, you must claim that as income and, therefore, pay taxes on those benefits. The unemployment agency should provide you with a 1099-G form, which explains the amount of benefits you drew during the past year. The Internal Revenue Service (IRS) receives a copy as well and will tax you at the appropriate rate in your tax bracket. Not everyone owes. If you worked a portion of the past year, chances are you paid payroll taxes and may earn a refund if those deductions were overpaid.
What documents do I need if I am self-employed?
You will need to file a Schedule C using IRS Form 1040. Depending on your type of business and where you conduct business, there may be other forms you will need. You may also need to make quarterly estimated payments by filing Form 1040-ES, Estimated Tax for Individuals.
What documents do I need if I am divorced?
Taking necessary steps before tax time will make things easier once you file your taxes for the first time after a divorce. Change your W-4 through your employer so taxes will be withheld at the correct rates. Also, if you (or a family member) changed your name, file Form SS-5 with the Social Security Administration to ensure there aren’t any complications with the IRS.
When is the deadline to file my taxes?
The standing deadline for personal taxes is April 15. However, sometimes that date falls on a weekend or after Emancipation Day (a holiday in DC) and pushes the deadline to as late as April 18.
When is the earliest that I can file my taxes?
When you get your W-2, you can have your taxes prepared right away, but the IRS will not accept them before a pre-defined date.
Is there a penalty for filing my taxes after the deadline?
Yes, you can opt to pay your tax liability through an installment plan. In addition to paying taxes through an installment payment plan, there may be other options such as the Offer in Compromise (OIC). Under an OIC agreement, the IRS may agree to settle the taxpayer’s liability for less than the full amount of taxes owed. The IRS is not likely to approve an OIC if there’s evidence that the taxpayer could pay the full amount through an installment payment plan or another method. A taxpayer can request consideration for an OIC by filling out Form 656, Offer in Compromise, or Form 656L, Offer in Compromise (Doubt as to Liability), and mail the application package to the IRS.
What paperwork should I bring to my tax interview?
Date of Birth
Social Security Card /ITIN/ATIN
Last Year’s Tax Return
Valid Driver’s License
Interest (1099-INT or substitute)
Dividend Slips (1099-DIV or substitute)
Stock Sales (1099-B or Broker Statement)
Self-Employment Income and Expenses
Sale of a Personal Residence
Rental Income and Expenses
Sale of any Business Assets
Gambling or Lottery Winnings (W-2G for some winnings)
State Income Tax Refund (1099-G)
Pension Income (1099-R)
Estimated Taxes Paid
Social Security or Railroad Retirement (SSA-1099 or RRB-1099)
IRA or 401(k) Distribution (1099-R)
Unemployment Compensation (1099-G)
Miscellaneous Income (1099-MISC)
Real Estate or Personal Property Taxes
Charitable Contributions (cash and non-cash)
Employee Business Expenses
Traditional IRA Contributions
Higher Education Expenses
Student Loan Interest
Child Care Provider/Address and Employer Identification Number (EIN) or Social Security Number (SSN)
Retirement Savings Contributions Credit
Can I claim charitable donations without a receipt?
Yes, you can as long as you keep good records in case you are ever audited by the IRS. Be sure to record the name of the organization, the date and location, as well as a detailed description of what you donated. Keep notes on the amount you claimed as a deduction and how you figured the fair market value on the items you donated. In the case of a monetary donation, as long as it’s less than $250, a canceled check or even a payroll deduction can suffice for proof of the donation.
Can I deduct expenses paid for repairing my home?
Typically, general home repairs cannot be deducted from your taxes. Home repairs are meant to keep your home in good condition, but do not increase the value of your home. However, if you live in a “federally declared disaster area” and your home is affected, then you can claim the cost to repair the damages. If you use part of your home as a principal place of business, some repairs can be deducted, but you must itemize your deductions on Schedule A.
What are my next steps if I have been impacted by a natural disaster?
The first step is to check the IRS Tax Relief Site to see if your area has been determined as a “disaster area” by the President because the IRS provides specific relief to these victims. (If you do not have access to the internet, call FEMA for disaster assistance at 1-800-621-3362). If you are in a disaster area and you were impacted by the disaster, meet with a tax preparer to determine which year you should claim casualty loss. Doing so will help you figure out the best possible tax break.
What tax consequences will I face if I lost my home in a foreclosure?
For federal taxes, a foreclosure is viewed as the sale of property. Two separate matters will impact your tax liability: any gain from the sale of your property and credited income you receive from any debt forgiveness. There are ways to calculate your Gains and Cancellation of Debt. To learn the specifics on how your particular situation is impacted, visit the Home Foreclosure and Debt Cancellation section on the IRS website or contact a TNT Tax Service office for guidance.
How are my taxes impacted if I have filed bankruptcy?
Depending on which Chapter you filed for, taxes may not be exempt. With Chapter 7 bankruptcy, federal taxes are exempt from discharge. When filing Chapter 13 bankruptcy, it is very important to file and pay your taxes during the bankruptcy proceedings because the court can dismiss your claim if you fail to meet this requirement. Dismissing the claim leaves you responsible for all of your debts. For further tax information on bankruptcy, read the IRS Publication 908 (10/2012), Bankruptcy Tax Guide.
Can my spouse and I file our tax return together if we are legally separated and not divorced?
If I forgot to report a second income on my taxes, how can I report it now?
Do I have to pay taxes on money that was gifted to me?
Am I taxed on money that I inherit from a loved one?
Generally, property received as an inheritance is not included in your income. However, if property you receive this way later produces income such as interest, dividends, or rents, the income is taxable to you.
Do I need to report work-study income if I am a full-time student?
Yes, any money which you received as a result of work is taxable income and must be reported on your tax return. Attach your W-2 showing your earnings and your taxes withheld to your tax return.
Why should I file my taxes electronically?
The main reason for filing taxes electronically (e-filing) is to get your refund faster. Twenty-four hours after sending your tax return, the IRS will send you a confirmation of receipt or a rejection notice. Generally, e-filing is safer and faster than filing on paper.
How can I check the status of my refund?
The 'Where’s My Refund' tool on the IRS website provides the most up-to-date information regarding the status of your refund. This tool is updated every 24 hours.
Why is my refund less than I expected?
Many factors can contribute to why your refund is less than you expected. You have to consider the three elements that define a refund: your taxable income, the amount withheld from your paycheck for federal and state taxes, and your tax rate. If you aren’t getting as much money back try to look on the bright side – you didn’t give the IRS a zero-interest loan.
Why TNT Tax Service
Why should I choose TNT Tax Service to prepare my taxes?
Are you one of nearly half of all American taxpayers overpaying the IRS? Could you be repeating the same mistakes or overlooking deductions year after year? TNT's tax professionals thoroughly examine each customer's tax situation to get every deduction, credit, and tax advantage possible. We pledge quality tax preparation coupled with premier customer service at each location. And we guarantee accuracy or your money back.
What services and guarantees does TNT Tax offer?
Sometimes the best things in life are free! Free tax advice may prove invaluable, and it's available just by calling or stopping by TNT Tax's office. Did you, or someone else, prepare your tax return last year? We'll check it free. Additionally, if the IRS audits any of our customers, our audit protection covers them.
Does TNT Tax offer e-file?
What are the operating hours of TNT Tax offices?
During tax season, most offices are open seven days a week. Monday through Friday, 9 a.m. - 5 p.m. Saturday and 12 p.m. - 5 p.m. on Sunday. For your convenience, TNT Tax maintains year-round office hours to offer any tax advice you need long after tax season is over.
Each Customer Recives Free Identity Protection
Tax Interview Checklist
PREPARING FOR YOUR TAX INTERVIEW
WHY TNT TAX
TNT Tax is tax preparation at its best: simple, friendly, and with a money-back guarantee. With our network of over 35,000 tax preparers and almost 18 million tax returns prepared, you are sure to receive accurate and honest professional tax advice backed by the tax industry’s most solid and reputable company. You will have peace of mind in knowing that TNT Tax preparers are specially trained and experienced to handle all tax situations, including yours!
WHAT TO EXPECT
Before your tax interview, organize your important documents using the checklist below and research deductions and credits that may apply to you. Documentation will vary based on your situation.
We know that taxes can be challenging and stressful. We strive to put the fun back into tax preparation. When you arrive at your local TNT Tax, not only will you be greeted by our Statue of TNT wavers, but our tax experts will treat you like the valuable customer that you are. Comfortable waiting areas and entertainment await you, and TNT Tax offices are kid-friendly and offer a variety of refreshments.
Most offices are open year round in order to assist with your tax needs. No appointment is necessary to have your taxes completed with us. Don’t wait, beat the rush. Simply call 1-866-871-1040 or use the office locator on our website to locate your nearest TNT Tax office.
WHAT TO BRING PERSONAL
INFORMATION FOR EACH FAMILY MEMBER:
· Date of Birth
· Social Security Card /ITIN/ATIN
· Last Year’s Tax Return
· Valid Driver’s License
INCOME AND TAX INFORMATION:
· W-2’s* · Interest (1099-INT or substitute)*
· Dividend Slips (1099-DIV or substitute)*
· Stock Sales (1099-B or Broker Statement)*
· Self-Employment Income and Expenses*
· Sale of a Personal Residence
· Rental Income and Expenses
· Sale of any Business Assets*
· Gambling or Lottery Winnings (W-2G for some winnings)
· State Income Tax Refund (1099-G)
· Pension Income (1099-R)*
· Estimated Taxes Paid*
· Social Security or Railroad Retirement (SSA-1099 or RRB-1099)*
· IRA or 401(k) Distribution (1099-R)*
· Unemployment Compensation (1099-G)*
· Miscellaneous Income (1099-MISC)*
· Medical Expenses
· Real Estate or Personal Property Taxes
· Mortgage Interest
· Charitable Contributions (cash and non-cash)
· Employee Business Expenses
· Gambling Losses
· Moving Expenses
· Traditional IRA Contributions
· Higher Education Expenses
· Educator Expenses
· Student Loan Interest
· Child Care Provider/Address and Employer Identification Number (EIN) or Social Security Number (SSN)
· Adoption Expenses
· Retirement Savings Contributions Credit*
* see Mini Glossary underneath “Tax Help” section for definition or explanation
Whether you may owe or are expecting a refund, your tax preparer will inform you of your next steps. Safeguard a copy of your tax return (your tax preparer will provide this to you), along with your other important paperwork, in case you need to file an amendment or reference it in the future. Other paperwork, such as documentation regarding the sale of your home or stock transactions, should also be kept.
We are here for you – before, during, and after you have completed your taxes with us. We will stand behind and guide you through your audit case, assist in amendments to your return, and answer any and all questions about the Affordable Care Act.
Be sure to take advantage of our Send-a-Friend program and earn cash for referring your family and friends to participating TNT Tax locations! Just think of it as our gift to you.
Keep in mind that the sooner you file, the sooner you will receive your refund. For the status of your refund, check out the “Where’s My Refund” tool on the IRS website. This tool will give you the most upto-date refund information and is updated every 24 hours. You may access this tool 24 hours after the IRS accepts your e-filed return or 4 weeks after mailing a paper return.
HOURS & LOCATION
2722 Al Lipscomb Way
Dallas, TX 75215
Monday - Friday
8:30 am to 5:30 pm
9:00 am to 12:00 pm