Tax time can be hectic and stressful! We are committed to helping you during this time by guiding you through this annual process. We’ll start with a list of items frequently missed. Make sure you check it against your list.
√ Employer Reimbursement
√ Child Care Expenses
√ Special Accounts
√ Social Security Benefit
√ Sale of Propert
√ Student Loans
√ College Tuition
GOT IT ALL!!
Here’s a list of items frequently missed. Check it against your list.
- Refinances. We need to see the settlement statement.
- Child Care Expenses. We need full name, address, and telephone and I.D. number of care providers.
- Estimated Tax Payments. Find the date and amount for each payment made.
- Sale of Property. The most important thing is the settlement statement or HUD—1.
- Student Loans. Form 1098-E reports interest. We need this plus information about the type of loan.
- College Tuition. Form 1098-T list college tuition paid. This information can be found on the school’s website, under your personal account.
- Sale of Stock. Form 1099-B shows sale price. We need data on the original purchase.
- Employer Reimbursement. If your employer reimburses any of your expenses we need records to ensure we claim only the excess.
- Partnership Information. Schedule K-1 from partnerships and LLC’s always seem to arrive late. Don’t worry. Let’s do the rest of your return, and be ready to go when the K-1 arrive.
- Social Security Benefits. Find the form 1099-SSA. We need to declare the gross amount you were paid, not your net monthly benefit.
- Special Accounts. Do you contribute to an IRA, Roth IRA, or Health Savings Account? These and others can cut your taxes.
- Complex Transactions. Please call early if you have an unusual or difficult transaction. Foreclosures, sales or exchanges of real estate, casualties, and such can take a lot of extra work.