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2008 Tax Preparation Season |
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Helpful Links
GOSPEL CD FOR SALE
My Daughter, Holly Edwards, has a CD for Sale.
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If you would like to drop off your taxes in Chattanooga, give me a call. I will arrange to meet you in the Food Court at Eastgate Towne Center so you can pick up or drop off your taxes. DRIVING DIRECTIONS 1. At the intersection of Stuart Road and Urbane Road; take Urbane Road. Travel north towards the Senior’s Activity Center and the Bradley County Ball Park.
2. Take the 2nd road to the left into Weatherford Place.
3. Take the 1st road to the left onto Caperton Drive.
4. We are the 3rd house on the left.
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Key Figures for the 2008 Tax Year
STANDARD DEDUCTIONS $ 10,900 Married, Filing Joint Return $ 10,900 Surviving Spouse $ 8,000 Head of Household $ 5,450 Unmarried (not S.S. or H.H.) $ 5,450 Married, Filing Separate Return $ 900 Dependent Standard Deduction (Minimum) $ 1,050 Additional Amount for Blindness or Age $ 1,350 Additional Amount as Above if Unmarried and not S.S.
EXEMPTIONS $ 3,500 Personal and Dependent Amount $ 239,950 Joint Returns or Surviving Spouse (Phaseout starts) $ 199,950 Head of Household (Phaseout starts) $ 159,950 Unmarried (not S.S. or H.H.) (Phaseout starts) $ 119,975 Married, Filing Separate Return (Phaseout starts)
ITEMIZED DEDUCTIONS $ 79,975 Married, Filing Separate Return (Phaseout starts) $ 159,950 Others (Phaseout starts) 10% Casualty Loss (AGI Threshold) 7.5% Medical Deduction (AGI Threshold) 2% Miscellaneous Itemized (AGI Deduction Floor)
EDUCATION PROVISIONS $ 1,800 Hope Scholarship Credit $ 2,000 Lifetime Learning Credit $ 2,000 Coverdell Education Savings Account Contribution $ 2,500 Student Loan Interest Deduction
TRANSPORATION 50.5˘ Business Mileage Rate January through June 28 58.5˘ Business Mileage Rate June 28 through December 31st 14˘ Charitable Mileage Rate 19˘ Medical and Moving Mileage Rate 21˘ Depreciation Component of Standard Mileage Rate
PAYROLL TAXES 15.3% Soc. Sec. (Self-employed) Combined Rate (OASDI+Medicare) 7.65% Soc. Sec. (Employer or Employee) Rate (OASDI+Medicare) $ 102,000 OASDI Maximum Base $ 102,000 2.9% Medicare Rate 6.2% FUTA Rate $ 7,000 FUTA Wage Base
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Yes, once again it is time to start collecting up those important “tax” papers and start thinking about refunds or how much you are going to owe. We hope you will find this website helpful while you prepare. Give us a call if you are ready to schedule an appointment or if you have a question not covered here. Real Estate Taxes
You should determine how much Real Estate taxes you paid in 2008 and bring with you to your tax appointment. Even if you don't itemize you might be able to deduct them this year!
New from CCFS
Tax Return on CD Don't like to store paper? We can now put your tax return on CD instead of paper.
FeeCollect We can now take our preparation fee from your refund for an additional $15 fee. You must use direct deposit for this feature.
Fee Payment Options We accept Cash, Checks, Major Credit cards, bank cards, and PayPal.
Click the Pay Now Button above to make a Payment to Curtis Cline Financial Services
2007-08 FEES
Tax Preparation ................... $50.00 Each Business (Sch C or F) +$25.00 Each Business (Sch C-EZ) ..+$20.00 Each Rental Prop (Sch E) ... +$10.00 Electronic Filing w/Preparation ..Free Each State/Local Tax ......... +$15.00 Extra Tax Return Copy ........... $3.00 Extra CD Return Copy ............ $2.00 Fee from Refund ................ +$15.00
All fees charged may be more depending on amount of work and/or time required.
WHAT SHOULD I BRING?
[] If new, bring Last Years Return[] Mail from IRS [] SSN’s for Dependents [] Name, address, SSN or Employee ID # of Day-Care [] Changed address [] New phone number [] W-2’s, 1099’s, Interest Stmts [] Unemployment Statements [] Social Security Statements [] Dependents added or taken away? [] Receipts of contributions > $250 [] Sales tax receipts for car, boat [] Amount of Real Estate Taxes Paid
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