Tax Services for Individuals

We understand filing your taxes is something you have to cross off the list each year. Simplify this annual task by choosing to work with our experienced tax professionals. At Collins Consulting, we view every client relationship as a partnership. We get to know you and your financial situation on a personal level and make your appointment as painless as possible. 

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Income Tax Preparation and Tax Planning Services

Income Tax Return Preparation

From a simple individual return to a complicated multi-layer financial situation, we've literally seen it all. Over the last 30 years our team has helped thousands of individual and families with their tax return preparation. 

Tax Planning

Let's discuss and create your personalized tax plan to maximize your return or create a structured payment plan. A little planning goes a long way when it comes to tax planning.

Frequently Asked Personal Tax Questions

Here are the most common questions our clients ask about their personal tax returns. 

When are personal taxes due?

On a normal year, individual tax returns are due on April 15th. However, you may file for an extension if needed. Filing an extension gives you six months to file the tax return, due October 15th.

Estimated payment due dates (on a normal year) are:

  • Q1: April 15th
  • Q2: June 15th
  • Q3: September 15th
  • Q4: January 15th 

Who needs to file an individual tax return? 

You are required to file a federal income tax return if your income is above a certain level, which varies depending on your filing status, age and the type of income you receive. However, the Internal Revenue Service reminds taxpayers some people should file even if they aren't required to because they may get a refund if they had taxes withheld or they may qualify for refundable credits.1

What materials do I need to file my tax return?

It's important to provide identification documents like an un-expired photo ID such as a drivers license. You will also want to provide any tax and income documents you receive from your employer and others. Additionally, make sure to provide any documents you might use for your deductions, such as receipts for college expenses, interest on your home mortgage, vehicle registration, donations, etc. 

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What documents do I need to gather to prepare for my tax return?

Click on "Step 1" above to get a downloadable list of documents that you'll want to pull together before your tax appointment.

How do I organize my information for my tax preparer?

Click on "Step 2" above to get a downloadable tax organizer to help you organize your financials before sending them over to your tax preparer.

Where can I submit my tax documents?

You can submit your tax documents one of the following ways:

  • email: customerservice@collinsconsultingservice.com
  • Fax: 712.314.6334
  • Mail: PO Box A, Treynor, IA 51575
  • Secure Drop Box: There is a new secure drop off box in the main entrance of our location inside of TS Bank in Treynor, Iowa. The drop box is located in the front vestibule near the ATM and available for drop offs 24/7.

Can you tell me more about the 2021 Child Tax Credit Program?

We have listed and answered some frequently asked questions in a blog regarding this new tax credit and to help you navigate what's changed along with how it may affect you, your family and your 2021 taxes.

Completing your 2021 tax return

A Collins Consulting tax preparer will contact you via phone, email or Zoom (video conference) to review your return before its finalized. Once the return is finalized with you, we will send the documents via DocuSign for you to e-sign and return. Within these documents, there will also be a copy of your return. If you do not have access to a computer or prefer a paper copy of your return, you may request a paper copy for an additional fee and we can discuss your delivery choice at the time of your return review. 

We are asking clients to drop off copies of documents and not the originals. This will allow us to work on your return digitally, via email through secure e-signatures.

Please complete the required organizer and return to Collins with your tax documents.

This will ensure our tax preparers have the most accurate information, and will know what to discuss with you while reviewing your return. You may request a personalized organizer by emailing customerservice@collinsconsultingservice.com.

 

1Source: https://www.irs.gov/newsroom/do-i-need-to-file-a-tax-return-this-year