1 January 2014
 January 1, 2014

An accountant typically bases their rates at least partially on an hourly basis. Because of this, it’s in your best interest to be organized and efficient with your paperwork so they don’t have to spend a lot of time requesting pertinent documents and information from you. To help speed along the process and save yourself some money, make sure your bring all of the following to your first meeting:

  • Completed Tax Organizer (Download Organizer)
  • Copy of Last Year’s Tax Return (new clients only)
  • Form(s) W-2 (wages, etc.)
  • Form(s) 1099 (interest, dividends, pension, etc.)
  • Schedule(s) K-1 (income/loss from partnerships, S corporations, etc.)
  • Form(s) 1098 (mortgage interest) and property tax statements
  • Brokerage statements from stock, bond, or other investment transactions
  • Closing statements pertaining to real estate transactions including refinancings
  • Self-Employment income and expenses (or QuickBooks backup)
  • All other supporting documents (schedules, checkbooks, etc.)
  • Any tax notices received from the IRS or other taxing authorities

Aside from these documents, you’ll want to bring in any other supporting documents. That includes schedules, checkbooks, receipts for charitable donations and business purchases, information regarding deductible expenses and any documents relating to self-employment income or other miscellaneous income.

Being organized when it comes to working with our firm pays off in many ways. You’ll save time and you’ll ensure that your tax return is filed in a correct and timely fashion, which decreases your chances of paying penalties or being audited.

Please contact us to learn more about our tax preparation service.