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Most recent 1040

This document is always required and refers to the 1040 Tax Return filed for the parent(s). If filing jointly, then only one copy of the 1040 is required, however if filing separately, each parent will need to upload their separate 1040. Ensure that all pages are included.

The most recent Investment Tax Forms - 1099’s

Form 1099’s are required if you receive any dividend or investment income from your investments that generate taxable income, including dividends earned from any corporations you may own.

Most recent Farming/Fishing Statements Form 1040, Sch J

The Statement of Farming/Fishing Activities (Schedule J from your Tax Return) is required if you earn income from farming or fishing. This document would have been submitted with your most recent tax return.

Both the summary page as well as all the detail pages of this document will be required.

Year to date pay statement

A copy of the most recent pay statement(s) for all individuals noted to be receiving income from an employer will be required.

This document should clearly show the year-to-date amount of payments received as well as the payment received for the current pay period.

If it is currently January or February and you have not yet received your W2 from last year, please provide the final pay statement from last year as well as your most recent pay statement from this year.

If you work for more than one employer, we will require a pay statement for each job that you hold. If you switched jobs during the year, please provide your final pay statement from your last job as well as your most recent pay statement from your current job.

The most recent W2’s

W2’s are required if you have any earned or salaried income. Form 1099-R is required for pension, annuity or retirement income. If you are incorporated and you draw a salary, your accountant must prepare a W2 for you.

IRS Debt

Enter the amount of personal debt owed to the IRS.

This field is only for currently outstanding debt to the IRS. Do not enter the amount that you are going to owe for taxes once filed. If you have a business, do not enter the amount that the business owes to the IRS in taxes unless that amount is now required to be covered by you (or your spouse) personally.

Qualified Tuition Plans (529 plan, etc.)

Enter the total amount of funds you have invested in Qualified Tuition Plans for all your dependents. If these assets are in different currencies, convert them all into the currency that you are using to fill out the application. If you have more than one child, ensure to enter the total value of all Plans that the family owns for all children.

Dependent Income

If any of your dependents receive income any of your corporations, select “Yes” and a box will open to allow you to provide details on the amount and type of income that they receive. You will also need to upload their most recent Notices of Assessment on the upload page at the end of the application.

After Tax Profit

Enter the profit after all expenses and taxes earned by the corporation. This figure can either be taken from the financial statements prepared by your accountant or from your most recent corporate tax return, Form 1120.

If the business was recently incorporated and has not yet prepared financial statements or filed corporate tax returns, you will need to estimate what these amounts will be.

For all corporations where you own 20% or more, you will have to upload a copy of their most recent financial statements on the upload page at the end of the application

Gross Revenue

Enter the total revenue collected by the corporation before any expenses are considered. This figure can either be taken from the financial statements prepared by your accountant or your most recent corporate tax return, Form 1120.

If the business was recently incorporated and has not yet prepared financial statements or filed corporate tax returns, you will need to estimate what these amounts will be.

For all corporations where you own 20% or more, you will have to upload a copy of their most recent financial statements on the upload page at the end of the application

Total Liabilities

Enter the total liabilities of the company at the end of the most recent fiscal year. This figure can be taken from the financial statements prepared by your accountant or from your most recent corporate tax return, Form 1120.

If the business was recently incorporated and has not yet prepared financial statements or filed corporate tax returns, you will need to estimate what these amounts will be.

For all corporations where you own 20% or more, you will have to upload a copy of their most recent financial statements on the upload page at the end of the application

Total Assets

Enter the total assets of the company at the end of the most recent fiscal year. This figure can either be taken from the financial statements prepared by your accountant or from Form 1120.

If the business was recently incorporated and has not yet prepared financial statements or filed corporate tax returns, you will need to estimate what these amounts will be.

For all corporations where you own 20% or more, you will have to upload a copy of their most recent financial statements on the upload page at the end of the application

Business Address

Enter the business address of the company.

Business Name

Enter the name of the corporation. If the corporation does business under a different name, enter both names.

Percentage of Ownership

Enter the total amount of the corporation that is owned. If two parents each own 50%, then enter 100% here. If you own less than 20%, you do not need to fill out this section.

Dependent File Taxes

Enter if any of the children referred to in question 3 file tax returns. In the Document Upload section, you will be asked to provide a copy of the most recent 1040 for any children who file tax returns.

Other Income

Enter any other income that is not accounted for in the above sections whether it is taxable or not, that is received by any member of your family.

This includes unemployment compensation received. social security benefits, taxable or not, or any other form of retirement benefit.

This could also include income reported to you or spouse or children on 1099-MISC that was not already reported elsewhere, lottery and gambling winnings, prizes and awards, canceled debt, etc..

If you are receiving disability payments, such as Social Security Disability Income, include the gross amount received here. Indicate whether it is taxable or not.

Other Income

Enter any other income that is not accounted for in the above sections whether it is taxable or not, that is received by any member of your family.

This includes unemployment compensation received. social security benefits, taxable or not, or any other form of retirement benefit.

This could also include income reported to you or spouse or children on 1099-MISC that was not already reported elsewhere, lottery and gambling winnings, prizes and awards, canceled debt, etc..

If you are receiving disability payments, such as Social Security Disability Income, include the gross amount received here. Indicate whether it is taxable or not.

Separation Agreement

If you have a formal separation agreement with the other parent of your child, please provide here any relevant sections dealing with child/spousal support, education and/or expenses as well as any asset division that has yet to take place.

Most recent Farming/Fishing Statements Form 1040, Sch J

Both the summary page as well as all the detail pages of this document will be required.

Year to date pay statement

A copy of the most recent pay statement(s) for all individuals noted to be receiving income from an employer will be required.

This document should clearly show the year-to-date amount of payments received as well as the payment received for the current pay period.

Most Recent Mortgage Statement

This is required if you indicated that you have a mortgage on any property that you own, either as your personal residence, cottage, or rental property.

You can provide either a copy of the annual statement from the financial institution or a screenshot from your online banking. Ensure that any document provided clearly shows the: outstanding balance on the mortgage, the payments and their frequency, the address of the property and the names of the borrower(s).

If you are in the process of obtaining or renewing your mortgage, you can provide a copy of the mortgage documentation showing what the balance will be, and what the payments will be.

Most recent set of Financial Statements

Financial Statements are required for any corporation where you own more than 20% of the corporation. This is for the total parental ownership. i.e. if each parent owned 15% of a corporation, the total ownership would be 30% and financial statements for that corporation would be required to be provided. It also includes situations where the corporation is owned by a separate corporation you have ownership in. i.e. if you own 100% of Corporation A, and Corporation A owns 25% of Corporation B, then both sets of financial statements are required.

Please ensure to include the Balance Sheet and the statement of Profit and Loss for each corporation from your financial statements, as well as any Notes that exist. If your accountant does not prepare financial statements for your company, you must provide the Form 1120 for the company(s) in lieu of the Financial Statements.

AFS requires the most recent set of financial statements that have been prepared, which are due to be filed no more than 6 months after the fiscal year end for your corporation. If you have recently started this corporation, and have not yet filed financial statements, please provide any draft financial statements that may exist, or a printout from your accounting software showing YTD information.

Schedule C – Profit from Business Activities

The Profit from Business Activities (Schedule C of your 1040 Tax Return) is required if you earn self-employment income. This document would have been submitted with your most recent tax return.

If you have more than one business, we will require details of each Business Activities that were included with your tax return.

If you are incorporated, this section is not for the financial statements for your company. It is for personal income that is declared as self-employment income.

Most recent 1040

Last Tax Schedule E

The Statement of Real Estate Rentals (Schedule E of your Tax Return) is required if you receive rental income, either from owning a rental property, or from renting out a portion of your home. This document would have been submitted with your most recent tax return.

Both the summary page as well as all the detail pages of this document will be required, and if you receive rental income from more than one property, we will require details for each property.

The most recent Investment Tax Forms - 1099’s

Form 1099’s are required if you receive any dividend or investment income from your investments that generate taxable income, including dividends earned from any corporations you may own.

The most recent W2’s

Other Tax Related Deductions

Please enter details and amounts for any other tax related deductions that were not covered by the above categories.

Tuition and School Fees

Please enter details about whom the tuition and school fee deduction is being taken for.

Other Individual Tax Deductions

Please enter details and amounts for any other tax related deductions that were not covered by the above categories, and are not covered in the next section for family deductions.

Other Individual Tax Deductions

Please enter details and amounts for any other tax related deductions that were not covered by the above categories, and are not covered in the next section for family deductions.

Other Individual Tax Deductions

Please enter details and amounts for any other tax related deductions that were not covered by the above categories, and are not covered in the next section for family deductions.

Other Individual Tax Deductions

Please enter details and amounts for any other tax related deductions that were not covered by the above categories, and are not covered in the next section for family deductions.

Other Individual Tax Deductions

Please enter details and amounts for any other tax related deductions that were not covered by the above categories, and are not covered in the next section for family deductions.

Other Individual Tax Deductions

Please enter details and amounts for any other tax related deductions that were not covered by the above categories, and are not covered in the next section for family deductions.

Donations

Donation of cash to charities may be included here. DO NOT include other donations, such as non cash items.

Pension and Deferred Contributions

Enter any amount included on your W-2, box 12.

Also include any amount contributed to Self employed SEP, SIMPLE or other qualified plans.

IRA Deduction

Enter any Traditional IRA contributions that are tax-deductible. Traditional IRA contributions are normally tax-deductible. However, if you have an employer-sponsored retirement plan, such as a 401(k), your tax deduction may be limited.

Educator Expenses

If you are an educator, you are entitled to a deduction of up to $300 for supplies.

Other Income

Enter any other income that is not accounted for in the above sections whether it is taxable or not, that is received by any member of your family.

This includes unemployment compensation received. social security benefits, taxable or not, or any other form of retirement benefit.

This could also include income reported to you or spouse or children on 1099-MISC that was not already reported elsewhere, lottery and gambling winnings, prizes and awards, canceled debt, etc..

If you are receiving disability payments, such as Social Security Disability Income, include the gross amount received here. Indicate whether it is taxable or not.

Other Income

Enter any other income that is not accounted for in the above sections whether it is taxable or not, that is received by any member of your family.

This includes unemployment compensation received. social security benefits, taxable or not, or any other form of retirement benefit.

This could also include income reported to you or spouse or children on 1099-MISC that was not already reported elsewhere, lottery and gambling winnings, prizes and awards, canceled debt, etc..

If you are receiving disability payments, such as Social Security Disability Income, include the gross amount received here. Indicate whether it is taxable or not.

Other Income

Enter any other income that is not accounted for in the above sections whether it is taxable or not, that is received by any member of your family.

This includes unemployment compensation received. social security benefits, taxable or not, or any other form of retirement benefit.

This could also include income reported to you or spouse or children on 1099-MISC that was not already reported elsewhere, lottery and gambling winnings, prizes and awards, canceled debt, etc..

If you are receiving disability payments, such as Social Security Disability Income, include the gross amount received here. Indicate whether it is taxable or not.

Other Income

Enter any other income that is not accounted for in the above sections whether it is taxable or not, that is received by any member of your family.

This includes unemployment compensation received. social security benefits, taxable or not, or any other form of retirement benefit.

This could also include income reported to you or spouse or children on 1099-MISC that was not already reported elsewhere, lottery and gambling winnings, prizes and awards, canceled debt, etc..

If you are receiving disability payments, such as Social Security Disability Income, include the gross amount received here. Indicate whether it is taxable or not.

Gifts Received

Describe any gifts received, either from family members or friends as well as the amounts expected in each year. This income is non-taxable, and there will not be an accompanying slip.

Gifts Received

Describe any gifts received, either from family members or friends as well as the amounts expected in each year. This income is non-taxable, and there will not be an accompanying slip.

Gifts Received

Describe any gifts received, either from family members or friends as well as the amounts expected in each year. This income is non-taxable, and there will not be an accompanying slip.

Other Income

Enter any other income that is not accounted for in the above sections whether it is taxable or not, that is received by any member of your family.

This includes unemployment compensation received. social security benefits, taxable or not, or any other form of retirement benefit.

This could also include income reported to you or spouse or children on 1099-MISC that was not already reported elsewhere, lottery and gambling winnings, prizes and awards, canceled debt, etc..

If you are receiving disability payments, such as Social Security Disability Income, include the gross amount received here. Indicate whether it is taxable or not.

Farming & Fishing Net Income

Enter the total net amount of any farming and/or fishing income that your family receives. This can be found in your or your family members most recent tax return in schedule F, J and/or C.

Farming & Fishing Gross Income

Enter the total gross amount of any farming and/or fishing income that your family receives. This can be found in your or your family members most recent tax return in schedule F, J and/or C.

Trust Income

Enter the estates and trust income reported for any and all family members on their 1040s, schedule E, Part III.

In the box, enter any trust fund income that was received by any member of the household, including the applicants.

Any estate or trust income includes that which is received from a family trust fund, frequently set up by grandparents to provide funds to children or grandchildren, or within families to redistribute income, should be entered here.

Corporation Income (or loss)

Enter the S Corporation income from your 1040, schedule E, Part II.

Partnership income

Enter the partnership income from your 1040, schedule E, Part II.

Net Rental Income

The net rental income is the amount of income received after all expenses are considered.

If you own more than one rental property, enter the total net rental income that you receive from all properties together.

The net rental income can be found in your most recent tax return on Schedule E, part I.

If this is your first year owning the rental property and you have not yet filed a tax return, you will need to estimate the net value.

Gross Rental Income

The gross rental income is the total rental or royalty income received in a year before any expenses are taken out. For each year, enter the total amount of rent or royalty from any rental property that you own personally. If you own a corporation and that corporation owns rental properties, do not enter that income here. Any income you derive from a corporation owning rental properties is either S Corporation income below or C Corporation income reported in the Assets & Liabilities Section.

If the family owns the rental property with any other parties, enter only the percentage that is due to your family.

If you own more than one rental property, enter the total gross rental income that you receive from all properties together.

The gross rental income can be found in your most recent tax return on Schedule E, part I.

If this is your first year owning the rental property and you have not yet filed a tax return, you will need to estimate the gross value.

Self Employment taxes paid

Enter Self Employment taxes, if applicable. If this amount for the projected year is unknown, this box can be left blank and Apple Financial Services will calculate an estimate of your taxes for the projected year.

U.S. Social Security/Medicare

Enter US Social Security and Medicare taxes.

If this amount for the projected year is unknown, this box can be left blank and Apple Financial Services will calculate an estimate of your Social Security and Medicare for the projected year.

Total Federal income taxes

Please enter the amount of Federal taxes paid or expected to be paid. If this amount for the projected year is unknown, this box can be left blank and Apple Financial Services will calculate an estimate of your taxes for the projected year.

Total State taxes paid

Please enter the amount of State taxes paid or expected to be paid. If this amount for the projected year is unknown, this box can be left blank and Apple Financial Services will calculate an estimate of your taxes for the projected year.

Other Tax Related Deductions

Please enter details and amounts for any other tax related deductions that were not covered by the above categories.

Donations

Depending on the school being attended, some of the tuition paid may count as childcare payments for tax purposes. If your school provides a childcare tax receipt to you, enter that amount here. Do not double count this amount by including it in the below box as well as this one.

Medical/Dental/Health Ins Prem/Unreimbursed expenses

Enter the total amount of medical and dental expenses paid in each year, less any amounts covered by insurance. Insurance premiums that you pay for health insurance are a valid medical expense and can be entered here. State and local taxes may be included here.

Itemized Deductions

Check NO if you take Standard Deduction, otherwise fill out the following:

Childcare Costs

Enter the total costs you pay for daycare or a childcare worker for all of your children. NOTE: This may be different from the amount you are able to deduct on your tax return pursuant to Form 2441. Depending on the amount entered for daycare/childcare expenses, a box may open allowing you to provide some additional details.

Tuition and Schools Fees

Student loan interest paid may be deducted up to $2,500, in some circumstances.

Support Payments

Enter any spousal alimony or child support payments paid, regardless of whether they are deductible or not. Normally payments made as part of an agreement executed in 2019 or after are not deductible.

If you are not making the support payments laid out in the separation agreement, enter what you are paying as opposed to what is in your agreement.

Pension and Deferred Contributions

Enter any amount included on your W-2, box 12.

Also include any amount contributed to Self employed SEP, SIMPLE or other qualified plans.

IRA Deduction

Self-Employment Tax (half)

It is one-half (50%) of your total self-employment tax.

Self-Employment Tax (half)

It is one-half (50%) of your total self-employment tax. 

Health Savings Account Deduction

Enter your Health Savings Account (HSA) contributions. The maximum contribution is $4,300 for single coverage and $8,550 for family coverage. Those 55 and older can contribute an additional $1,000 as a catch-up contribution. To qualify for the deduction, you must have had a High Deductible Health Plan (HDHP) and contributed to your HSA account. Amounts contributed by your employer are not deductible. See Form 8889 for more information.

Health Savings Account Deduction

Educator Expenses

If you are an educator, you are entitled to a deduction of up to $300 for supplies.

Gifts Received

Describe any gifts received, either from family members or friends as well as the amounts expected in each year. This income is non-taxable, and there will not be an accompanying slip.

Other Income

Enter any other income that is not accounted for in the above sections whether it is taxable or not, that is received by any member of your family.

This includes unemployment compensation received. social security benefits, taxable or not, or any other form of retirement benefit.

This could also include income reported to you or spouse or children on 1099-MISC that was not already reported elsewhere, lottery and gambling winnings, prizes and awards, canceled debt, etc..

If you are receiving disability payments, such as Social Security Disability Income, include the gross amount received here. Indicate whether it is taxable or not.

Farming & Fishing Net Income

Enter the total net amount of any farming and/or fishing income that your family receives. This can be found in your or your family members most recent tax return in schedule F, J and/or C.

Farming & Fishing Gross Income

Enter the total gross amount of any farming and/or fishing income that your family receives. This can be found in your or your family members most recent tax return in schedule F, J and/or C.

Trust Income

Enter the estates and trust income reported for any and all family members on their 1040s, schedule E, Part III.

In the box, enter any trust fund income that was received by any member of the household, including the applicants.

Corporation Income (or loss)

Enter the S Corporation income from your 1040, schedule E, Part II.

Partnership income

Enter the partnership income from your 1040, schedule E, Part II.

Net Rental Income

The net rental income is the amount of income received after all expenses are considered.

If you own more than one rental property, enter the total net rental income that you receive from all properties together.

The net rental income can be found in your most recent tax return on Schedule E, part I.

If this is your first year owning the rental property and you have not yet filed a tax return, you will need to estimate the net value.

Gross Rental Income

If the family owns the rental property with any other parties, enter only the percentage that is due to your family.

If you own more than one rental property, enter the total gross rental income that you receive from all properties together.

The gross rental income can be found in your most recent tax return on Schedule E, part I.

If this is your first year owning the rental property and you have not yet filed a tax return, you will need to estimate the gross value.

IRA, Pension or Annuity Distributions

Enter any IRA, Pension or Annuity distributions received, include total distribution received not just taxable amount. This also includes distributions from Traditional 401(k), 403(b) and governmental 457(b) plans. However, if distributions are rolled into another retirement plan, do not include the distribution.

IRA, Pension or Annuity Distributions

Actual dividends received from related private companies

Enter any dividends received from companies you have greater than 10% interest in, or any no dividend distributions that are a return of cost or other basis.

If an amount is entered in this box, two questions will appear asking if these dividends were received from investments or if these dividends were received from a corporation you have ownership in

If you are drawing these dividends from a corporation you have more than 20% ownership in, you will need to upload the most recent set of financial statements for that corporation

Actual dividends received from related private companies

Enter any dividends received from companies you have greater than 10% interest in, or any no dividend distributions that are a return of cost or other basis.

If an amount is entered in this box, two questions will appear asking if these dividends were received from investments or if these dividends were received from a corporation you have ownership in

If you are drawing these dividends from a corporation you have more than 20% ownership in, you will need to upload the most recent set of financial statements for that corporation

Spousal Alimony or Child Support Payments Received

Enter any spousal alimony or child support payments received whether taxable on non-taxable. Child support and spousal support or alimony is usually not taxable unless the agreement was executed prior to 2019.

If you are not receiving the support payments you are entitled to in the separation agreement because the other parent either isn’t paying reliably, isn’t paying what they should, or isn’t paying at all, enter what you are receiving as opposed to what is in your agreement.

Spousal Alimony or Child Support Payments Received

Capital Gains

If you have capital gains from selling an asset (frequently secondary properties or investments), enter the total amount of the capital gain here.

Capital Gains

If you have capital gains from selling an asset (frequently secondary properties or investments), enter the total amount of the capital gain here.

Actual Dividends Received from Investment

Enter the total ordinary dividends received, normally shown in box 1b of Form 1099-DIV from companies you have less than a 10% shareholder interest in.

Actual Dividends Received from Investment

Enter the total ordinary dividends received, normally shown in box 1b of Form 1099-DIV from companies you have less than a 10% shareholder interest in.

Elective deferrals

Enter any elective deferrals being made for retirement plans that are not included in your taxable wages. Enter any other earned income received, including tips, strike pay, etc.

Elective deferrals

Enter any elective deferrals being made for retirement plans that are not included in your taxable wages. Enter any other earned income received, including tips, strike pay, etc.

Self Employed Business Income

NOTE: If you are incorporated, do not fill out the income for your corporation here. This section is only for personal business income. Enter partnership or S corporation income from Schedule E in the lines below.

If you have not yet filed your tax return for a given year, estimate your income and expenses for the requested years. Use your most recently filed taxes as a guide along with knowledge of whether this year is similar, better, or worse than that year for the business.

Enter the total gross amount of any self-employment/partnership/LLC/commissioned income that you receive. If you have more than one business/partnership, enter the total gross income from all personal or self-employed sources. This can be found in your most recent tax return in the schedule C & E of your 1040 for business income.

If this is your first year in this line of business and you have not yet filed taxes related to it, estimate the gross and net income.

Self Employed Business Income

Car expenses

Car expenses used in Schedule C to calculate your net business income

If this is your first year in this line of business and you have not yet filed taxes related to it, estimate the gross and net income.

Car expenses

Car expenses used in Schedule C to calculate your net business income

If this is your first year in this line of business and you have not yet filed taxes related to it, estimate the gross and net income.

Business expenses

Business Expenses are your total business expenses used to calculate your net income on Schedule C, minus the motor vehicle expenses that will be entered on the next line.

If this is your first year in this line of business and you have not yet filed taxes related to it, estimate the gross and net income.

Business expenses

Business Expenses are your total business expenses used to calculate your net income on Schedule C, minus the motor vehicle expenses that will be entered on the next line.

If this is your first year in this line of business and you have not yet filed taxes related to it, estimate the gross and net income.

Home expenses

Home expenses used in Schedule C to calculated net income

If this is your first year in this line of business and you have not yet filed taxes related to it, estimate the gross and net income.

Home expenses

Home expenses used in Schedule C to calculated net income

If this is your first year in this line of business and you have not yet filed taxes related to it, estimate the gross and net income.

State Refund Received

Enter any State Refund received and/or estimated for coming year. If multiple State refunds, then just enter the totals.

State Refund Received

Enter any State Refund received and/or estimated for coming year. If multiple State refunds, then just enter the totals.

Taxable Interest and Exempt Income

Enter any interest received, taxable or exempt, plus any other exempt income received, whether from sources in the United States or foreign.

Taxable Interest and Exempt Income

Enter any interest received, taxable or exempt, plus any other exempt income received, whether from sources in the United States or foreign.