How To Prepare For Your Meeting With Our Tax Advisors
When it comes to any kind of tax preparation or tax-related matter, preparation is key. When you come to us for your appointment with one of our expert tax advisors, you want to be sure you have anything and everything you may need, but there is no sense in bringing unneeded documents. To help you have anything you may need, our tax accountants have taken the time to prepare a tax preparation checklist to help you gather the proper documents for whatever tax issue you are dealing with.
Information and Documents We Need From You:
Personal information
This information tells the IRS exactly who’s filing, who is covered in your tax return, and where to deposit your tax refund.
Personal Information
This information tells the IRS exactly who’s filing, who is covered in your tax return, and where to deposit your tax refund.
Social Security numbers and dates of birth for you, your spouse, and your dependents.
A copy of last year’s tax return if not prepared by this office.
W-2 forms for you and your spouse
1099-C forms for cancellation of debt
1099-G forms for unemployment income, or state or local tax refunds
1099-MISC forms for you and your spouse
1099-NEC forms for self-employment income
1099-R for retirement income
1099-INT, -DIV, -B, or K-1s for Dividends, interest income, stock, and bond sales
HUD-1 settlement statement for purchase and/or sale of real estate
K-1 forms issued to you by LLCs, Partnerships, or S Corporations
Sole Proprietor Business or farming income and expenses
Rental property income and expenses
Prior year installment sale information – Forms 6252, principal and interest collected during the year, SSN and address for payer
Form 1098-E for student loan interest paid (or loan statements for student loans)
Form 1098-T for tuition paid (or receipts/canceled checks for tuition paid for post-high school)
Forms 5498 for retirement plans and IRAs
Medical and dental expense records
Self-employed health insurance payment records
Keogh, SEP, SIMPLE, and other self-employed pension plans
Child care costs: provider’s name, address, tax ID, and amount paid
Forms 1098: Mortgage interest, private mortgage insurance (PMI), and points you paid
Investment interest expenses
Charitable donations: cash amounts, official charity receipts, canceled checks
Records/amounts of other miscellaneous tax deductions: union dues; unreimbursed employee expenses (uniforms, supplies, seminars, continuing education, publications, travel, etc.)
Rental property income/expenses: profit/loss statement, rental property suspended loss information
Records of home business expenses, home size/office size, home expenses
Taxes you’ve paid
The taxes you have already paid in past years can be just as important as the taxes you are about to pay this year. These important documents are especially important if the related information should ever come into question in events like an audit. For the sake of proper precaution, be sure to bring these documents to your tax preparation meeting at our tax accounting office in Greensboro:
State and local income taxes paid
Vehicle license fees (based on value of vehicle)
Real estate taxes paid
Personal property taxes
Other Information To Bring
Some information about your financial history may be unusual, and cause you to forget about it as a result. However unusual you may consider it to be, it could have a great impact on your tax return, so be sure to include any documentation that you believe could be relevant to filing your taxes, such as:
Estimated tax payments made during the year (self-employed)
Foreign bank account information: location, name of bank, account number, peak value of account during the year
Prior-year refund applied to current year and/or any amount paid with an extension to file
Our Greensboro, NC Team of Tax Advisors Is Here To Help
When you are looking for guidance through this tax season, choose a team of tax professionals known for serving the Greensboro, NC area. Call us at (336) 433-9997 or contact us here to schedule your initial tax consultation with our team today. The sooner we can review your tax documents, the sooner we can help you earn the tax results you deserve.
We've been helping tax payers with IRS Collections and Back Taxes for over 25 years.
