Tax Time Info

Tax Time Organizational Tips

Preparing your supporting tax documents in advance helps us to be more efficient in preparing your return.

2017 Federal and State Payroll & Retirement Contributions | Reference Guide

2016 Tax Rates | Journal of Accountancy

Tax Organizer | Year Ending 2016

 

What documents do I need to assemble?

front_deskALL CLIENTS

  • Completed organizer
  • Income statements: W2s, 1099s, K-1s (all pages and instructions)
  • Stock sales documents, including both purchase price and purchase date
  • Settlement statements (also known as HUD statements), if you sold, purchased, or refinanced a house
  • Rental income and expenses
  • Charitable contribution statements
  • 1098 mortgage interest statement and real estate taxes paid
  • 1098-T for tuition and expenses related to book purchases and lab fees
  • 1098-E student loan interest statement
  • SSNs and DOBs for any (new) dependents
  • Any other document you find relevant for the preparation of your return
  • NEW CLIENTS: a copy of last year’s tax return, both federal and all states

mahogany_wallBUSINESS OWNERS

  • Profit and loss sheets
  • Balance sheets
  • 1099s (all pages and instructions)
  • List of expenses and purchases for the business
  • Backup of QuickBooks file, if applicable
  • NEW CLIENTS: a copy of last year’s tax return, both federal and all states
  • NEW CLIENTS: depreciation schedules