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About Us

Tax and Bookkeeping Made Easy

 Rey's    income tax preparation services gives you tax advice the way it's meant to be: professional, friendly and accurate. 


 When you come to us with your tax return, relax and let a Rey's Tax preparers take care of finding your   biggest refund. Every tax preparer has undergone thorough training in both state and federal tax  structures. 

We know the tax code, and we know how   it applies to you! 

Your Taxes, Simplified

We’re dedicated to our clients. And we've represented them in audits with the IRS, FTB, and EDD. This keeps us current on tax law so we’re always ready for the toughest situations. 


Your Business is Ours

We developed strategies for both business and individual clients. And we work hard and long hours when they need us—even after tax season. We are a full service Tax company and authorized e-Filer


Accounting & Bookkeeping

 We can replace your back office with accounting, payroll, and bookkeeping support. When it comes to complex issues, rely on us.  

Resource Center

Itemized Deductions

 MEDICAL AND DENTAL EXPENSES  
If you itemize your deductions, these expenses are deductible only when    paid by you, and the unreimbursed expenses exceed a % of your adjusted  gross   income. These expenses include the premiums for insurance that  covers the   expenses of medical and dental care, and the amounts you  pay for transportation   for these purposes.  

 

CHARITABLE CONTRIBUTIONS    

        Contributions can be of cash (includes check and credit card  donations)   or noncash items.  If you donate clothes or furniture to a    qualified charity, the value of those items may be deductible if they  are in   good used condition or better. Keep receipts from charity,  noting the items   donated as well as their fair market value when  donated.   
       Cash contributions, regardless of the amount, require a bank record or   written confirmation from the charity.   
       Your deduction for a car donated to a qualified organization is  limited   to the gross proceeds from its sale by the organization if the  claimed value is   more than $500. For a donation valued at more than  $500, Form   1098-C, Contributions of Motor Vehicles, Boats, and Airplanes issued  by   the charity must be attached to the tax return. Without the Form  1098-C, you   cannot deduct your contribution. However, if the  organization makes   significant intervening use of, or materially  improves the car, it will be   marked on Form 1098-C and you generally  can deduct its fair market   value.           Total noncash contributions over $500 require you to complete Section A   of Form 8283, Noncash Charitable Contributions.    Contributions of noncash items valued at over $5,000 require an appraisal   and completion of Section B of Form 8283.  Out-of-pocket expenses when serving as a  volunteer for a qualified   organization may also be deductions you can  take. You can deduct unreimbursed   expenses such as the cost of gas and  oil that are directly related to the use of   the car in giving  services to a charitable organization.  

 

CASUALTY AND THEFT LOSSES 

          If you lose property through a casualty or theft, you may be  entitled   to a tax deduction. Such casualties would include car  accidents, fires,   vandalism, disasters such as hurricanes or another  identifiable event that is   sudden, unexpected or unusual in nature. If  your property is covered by   insurance, you subtract any insurance or  other reimbursement you received or   expect to receive when you figure  your loss. You claim your casualty or theft   loss on Form 4684, Casualties and Thefts.  

EMPLOYMENT EXPENSES, FORM 2106 OR 2106-EZ

 Local Transportation  
        Use Form 2106, Employee Business Expenses, or Form 2106-EZ, Unreimbursed Employee Business Expenses,  to figure your deduction for   employee business expenses. You can  deduct the expenses that exceed a % of your   adjusted gross income.  Depending on your employer’s reimbursement arrangement,   special rules  may apply. If a personal vehicle is used for business purposes,   either  a standard mileage rate or actual expenses can be claimed. Good written    records are required.  

 

Uniforms and Work Clothes    

        Work clothes and uniforms are deductible if they are required  for your   job and not suitable to wear outside the workplace.  Protective gear such as hard   hats and steel-toed boots qualify if  necessary for your job.  

Work-Related/Educational Expenses

 You may be able to deduct work-related educational expenses for   education that:    

  • Maintains or improves skills required in your present job or business,
  • Serves a business purpose and is required by your employer, or by law or   regulation, to keep your salary, status or job. 

Your expenses are not deductible if the  education is required to meet   the minimum educational requirements of  your job or is part of a program that   will qualify you for a new trade  or business. Expenses include tuition, books,   supplies, and certain  transportation or travel costs.  TAX PREPARATION FEES
        The fees paid for the cost of tax preparation, software   and tax publication can be deducted.  LEGAL EXPENSES  
        Legal fees such as for an adoption, divorce or property  settlement are   not deductible. However, legal fees to produce taxable  income or to collect   taxable income such as alimony or those related  to doing or keeping your job are   deductible as miscellaneous itemized  deductions on Schedule A.  

Contact Us

Rey's Tax & Financial Services Inc.

354 W 24th Street, Yuma, AZ 85364, US

(928) 314-1040

Hours

Monday - Friday: 9am - 5pm

Saturday: By appointment

Sunday: Closed

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