Spark One Tax & Accounting Core Service Lineup

Individual Tax

We prepare and file accurate federal and state individual income tax returns to ensure compliance while minimizing unnecessary tax liability.

We review income from all sources, including W-2s, 1099s, investment accounts, retirement distributions, and self-employment activity.

We identify and apply eligible deductions and credits. These include those related to dependents, education, home ownership and more. We also consider retirement contributions and healthcare expenses.

We provide guidance on life events that impact your taxes. These events include marriage, divorce, relocation, job changes, inheritance, or the sale of property.

We assist with tax planning throughout the year. Our guidance helps you make informed financial decisions. This approach avoids surprises at filing time.

We support clients who are self-employed or have side income by properly reporting business income, expenses, and estimated tax obligations.

We help resolve notices or correspondence from the IRS or state taxing authorities related to individual tax filings.

We offer secure document handling and clear communication to ensure a smooth, stress-free tax preparation process

Required documentation from you:

💼 Income Documents

• W-2 – From employers
• 1099-NEC – For self-employment or freelance work
• 1099-MISC – For other miscellaneous income (prizes, rents, etc.)
• 1099-INT / 1099-DIV – Interest and dividend income from banks or investments
• 1099-B – For stock sales or investment transactions
• 1099-R – Retirement income (pensions, IRAs, 401(k)s)
• SSA-1099 – Social Security benefits
• Unemployment income – Usually Form 1099-G
• Alimony received (if applicable to pre-2019 divorces)

🎓 Education & Student Loans

• 1098-T – Tuition statement from colleges/universities
• 1098-E – Student loan interest paid

🏠 Homeownership

• 1098 – Mortgage interest statement
• Property tax statements – From your county or mortgage company
• Closing statement (HUD-1 or similar) – If you bought or sold a home

👨‍👩‍👧 Dependents

• Social Security numbers and birthdates for all dependents
• Childcare expenses – Including provider name, address, and EIN or SSN
• Advance Child Tax Credit (Letter 6419 from IRS, if received)

🏥 Healthcare

• 1095-A – If you had insurance through the Marketplace (ACA)
• 1095-B / 1095-C – If provided by employer or other sources

💰 Deductions & Credits

• Charitable donations – Receipts or bank records
• Medical expenses – Only if they’re significant (ask if unsure)
• IRA or HSA contributions – Form 5498 or bank records
• State/local taxes paid – Including car registration fees

💵 Other

• Last year’s tax return – Especially if you’re a new client
• Bank account info – For direct deposit of refunds (routing + account number)
• Any IRS letters received (CP01A, 6419, 6475, etc.)

Business Tax

We prepare and file federal and state tax returns for partnerships (Form 1065), corporations (Form 1120), and S corporations (Form 1120S), ensuring full compliance while maximizing allowable deductions.

We handle depreciation schedules, fixed asset tracking, and K-1 preparation for business owners and partners. Our team also manages multi-state business filings for companies operating across state lines.

We file federal and state business tax returns, and assist with R&D amortization and other required year-end adjustments to support accurate financial reporting.

We provide ongoing tax consulting services to help businesses plan for and adapt to changes, such as expansions, ownership changes, or entity structure shifts.

We support startups and established businesses by helping them correctly report income and expenses, claim applicable credits, and stay ahead of estimated tax obligations.

We assist in responding to IRS or state notices and offer reliable document handling to ensure a secure and efficient tax process.

Required documentation from you:

🗄️ Basic Company Information

• EIN (Employer Identification Number)
• Legal business name and address
• Ownership details (partners, shareholders, or members and their percentage of ownership)
• Prior-year business tax return (Forms 1065, 1120, or 1120S)

💼 Income Documents

• Profit & Loss Statement (or all income/expense records if not yet created)
• Balance Sheet
• Bank statements for business accounts
• 1099-NEC or 1099-MISC forms received by the business
• Sales reports (if product-based business)

💰 Expense Documentation

• Mileage logs (if claiming business mileage)
• Payroll reports (W-2s, W-3, 941s, state payroll filings)
• Contractor payments with totals and W-9s for each contractor
• Office rent, utilities, software, supplies, etc.

🚗 Asset & Depreciation Information

• List of fixed assets purchased or sold during the year
  (computers, equipment, vehicles, machinery, furniture, etc.)
• Lease or loan agreements for equipment
• Vehicle purchase information (if used for business)

💵 Business Loans & Financing

• Year-end loan balances
• Interest paid statements
• PPP, EIDL, or other government loan documentation (if applicable)

🇺🇸 State & Local Requirements

• Sales tax filings
• Business license renewal documentation
• Multi-state income documentation (if operating in multiple states)

👬Partner / Shareholder Info (For Partnerships & S-Corps)

• Names and SSNs/EINs of partners/shareholders
• Ownership percentages
• Capital contributions and distributions
• Guaranteed payments (for partnerships)

💸 Additional Items (If Applicable)

• R&D expenses
• Inventory totals at beginning and end of year
• Health insurance premiums paid for owners or employees
• Retirement plan contributions

3. Tax Preparation:

Amended returns Entity structure setup for tax purposes Estimated tax calculations IRS response letters (non-representation) Prior-year catch-up filings Year-end tax readiness checklists Think of “Tax Preparation” as the operational category, while “Individual Tax” and “Business Tax” are the two primary return types. This is the umbrella service that covers Individuals + Business, but also includes additional preparation-based offerings, such as: If you’d like, we can rename this to “Specialized Tax Preparation Services” to avoid confusion.

4. HOA Forensic Analysis (Non-Attest Consulting) Includes: A specialized consulting service focused on reviewing HOA financial activity for irregularities, inconsistencies, or risk indicators. Cash-flow and reserve analysis Expense legitimacy review Identification of red flags or irregular transactions Internal control recommendations Internal financial analysis Reports for HOA boards or attorneys (non-attest) Transaction pattern review No assurance, no opinions, no GAAP/GAAS engagement This is under SSCS No. 1 (Consulting) — NOT attestation.