Five Tips for Your Meeting With a Tax Preparer
by AccountingWeb on
Jackson Hewitt Tax Service, the nation's second largest tax preparation service behind H&R Block, offers the following tips for making your meeting with a tax preparer quick and efficient:
- Bring all income-related documents including W-2 forms, 1099 forms, Schedules K-1, bank statements and other year-end statements reflecting income earned for the year, gambling income information, information relating to self-employment income, rental income information, social security income form, and details of gratuities received.
- Bring documentation of all expenses that may be deductible, such as expenses relating to self-employment income, gambling losses, expenses from rental properties, medical and dental records, contributions made (including non-cash contributions), employment and job-searching expenses, and child care expenses (including the federal identification number or Social Security number of the care provider).
- Bring records of a home purchase or sale, and mortgage and property tax information on real estate that you own.
- Bring records of stock purchases and sales, state tax refund received, alimony paid or received, and estimated taxes paid.
- Bring the Social Security number and birth date of all people listed on the tax return, and bring a copy of last year's tax return.
You may like these other stories...
IRS revokes group’s tax exemption over anti-Clinton statementsGregory Korte of the USA Today reported on Monday that the IRS has revoked the tax-exempt status of a conservative-aligned charity, the Patrick Henry Center...
Clawback policies vary by company, industry: PwCAccording to a report issued to clients by PwC on April 17, companies have instituted a wide range of so-called clawback policies – with no two exactly alike – in...
President Obama squeezed under the bar for the highest marginal tax rate on the federal income tax return he recently filed for 2013. But the Commander in Chief, who filed a joint return, couldn't dodge the new 3.8...
Upcoming CPE Webinars
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.
This material focuses on the principles of accounting for non-profit organizations’ expenses. It will include discussions of functional expense categories, accounting for functional expenses and allocations of joint costs.