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THE   INTERVIEW  PROCESS    Going The Extra Mile for Your Client
What Have We  Learned So Far
Timeline DECEMBER As December approaches you will begin the process of marketing and planting seeds for clients for tax pr...
Utilizing Tax  Payer Advance Tax Payer Advance will assist  you with helping  ensure your  estimates turn into returns  Cl...
Let   s Recap
MARKETING Step1 We learned     How To Market    and the importance of Marketing. Owners  Market for Managers, Preparers, M...
Step  2 SOFTWARE  We learned  UFS 1040 Pro Software Most Commonly Used Forms  Questionnaire, Income Statements, Credit for...
Discovery Step 3 Now that you have done a fantastic job at marketing and you have clients wanting estimates. Estimates hel...
Bringing it All Together Now That You Understand      How to Market to find Clients and you will have those clients in fro...
3 Important Questions You MUST Ask EVERY Client Our Interview Process starts with 3 Simple Questions  We Ask the Client  1...
Example Conversation Question 1   Tax professional     Terry how much did you get back on your tax return last year     An...
4th  Do The Math  Understanding How  a Tax Refund is Calculated  Before you begin asking any further questions, we need to...
Federal Income Tax Withholding When you start a new job, you   ll complete Form W-4. This is the Employee s Withholding Al...
UNDERSTANDING  DEDUCTIONS AND CREDITS    Making sure your client is getting the biggest refund allowed
What s the DIFFERENCE between a  Deduction and a Credit  A Credit directly decreases your taxable liability. A Deduction l...
DEDUCTIONS     Ensuring your client gets All The Tax Deductions Possible When Filing
What Are Tax Deductions  OVERVIEW The federal tax law allows you to deduct several different personal expenses from your t...
2015 Deductions for Individuals Work-Related  Health Care                                            Deductible Business E...
Standard Deduction vs. Itemized  Deductions    Should I itemize or use the standard deduction
Standard Deduction vs. Itemized  Deductions Should I itemize or claim the standard deduction  It depends. Choose the metho...
Standard Deduction Standard deduction The standard deduction is a fixed dollar amount that reduces the income you   re tax...
Standard Deduction vs. Itemized  Deductions You can either claim the standard deduction or itemize your deductions -- whic...
Itemized Deductions                                              Deductible Taxes Property Tax Real Estate Tax Sales Tax C...
CREDITS     Become credit savvy and so your clients can be Refund Happy
What Are Tax Credits  OVERVIEW Credits work better than deductions as refund boosters. For each credit dollar, your taxes ...
Credits for Individuals Family   Dependents                      Earned Income Tax Credit Child and Dependent Care Credit ...
Refundable vs. Non-Refundable Tax  Credits There Are Two Main Types of Credits That Can Reduce Your Tax Bill Tax credits, ...
Refundable Credits Refundable Tax Credits Refundable credits are the most versatile type of tax credit. These credits are ...
Non-Refundable Credits Non-Refundable Tax Credits Nonrefundable credits are another great way to decrease your tax bill. A...
Partially Refundable Tax Credits Partially Refundable Tax Credits Certain tax credits are considered partially refundable ...
5th  Interview Process     Ways To Increase Your Clients Tax Refund You Need to Think About    Our Interview Process begin...
Meeting your Clients Expectations By understanding credits and deductions you can  now meet your clients expectations.    ...