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Preparing For Your Tax Appointment

preparing for your next tax appointment
The best way to prepare for your upcoming tax appointment is to gather and organize your information. As your trusted advisors for tax preparation, we will guide you and make your tax season simple and smooth.

What to Bring to Your Appointment

For Personal Items

January 31 is the guideline date for businesses to send you any income reported to the government. This includes W2, 1099’s any other income you received over the previous year. This is a guideline set by the IRS, companies can file extensions or simple just miss this deadline. So, watch your mailbox.

For Your Business

Make sure all income and expenses are documented in your accounting software. Additionally, if you have purchased assets be sure that these are properly categorized in your accounting software.

The following is a detailed list covering almost everything you should need to bring to your tax appointment. If you have a question, just bring it to the meeting and we will advise you.

INCOME
  • Any W2, interest, dividend, capital gain income information
  • All retirement income forms (pension, annuity, distributions, Social Security)
  • Any unemployment
  • If Self-employed we need all business information (income expenses assets and liabilities)
  • Any K-1 forms from a partnership, corporation, or otherwise
  • Any gambling income
  • Any Cancelled Debt
  • Any other income not listed above
ADJUSTMENTS
  • Any IRA or HSA information
  • Student Loan Interest
  • Any alimony received or paid
BUSINESS DOCUMENTATION
  • Current Year Balance Sheet
  • Profit & Loss Statement
  • Detailed List of All Assets purchased
ACA COMPLIANCE
CREDITS
  • Child care expenses
  • College expenses and any 1098T from the college
  • Household Energy Credit
ITEMIZATION 
  • Significant medical expenses
  • Long term care premium information
  • Charitable contributions
  • Mortgage interest
  • Property tax
  • Statement from possible home refinancing

The Bottom Line

Start preparing for your tax appointment early so that you have a successful tax experience. We have prepared a comprehensive guide for you to organize your documents. This guide will answer any questions you have about what to bring. Additionally, if you are unsure if a document is need for your tax appointment, please bring it and we will properly advise you.

Personal Tax Organizer

As your dedicated team of professional tax preparers in Detroit Lakes and Fargo we are here to answer any questions regarding your taxes. Contact us at 218-847-5225 or email us if you have any questions.