We sent out tax organizers earlier this month. Before you come in for your appointment (which is notated on your organizer) or send in your information, please make sure to open your packet and fill out your organizer. This will ensure that your return is more accurate and also the preparation fees will be lower.
Here are a few tips to keep in mind when reviewing your organizer.
Check your appointment date and mark it on your calendar. If the prescheduled appointment doesn’t work for you, please call us at your earliest convenience and we will get you rescheduled. Appointments fill up fast and we want to give you a time that will work best for you.
Add or correct anything that has changed.
Answer all of the Miscellaneous Questions. The answers to these questions will help alert us to special circumstances that might require special consideration.
If you made estimated tax payments, indicate the amount and date of payments made in Section 6.
As you go through the types of income, cross out any items (ex-employers, closed bank accounts, etc.) which you no longer have. You do not need to enter all of the amounts on the organizer for W-2’s and 1099’s, but you do need to provide us with copies of the tax form (i.e. W-2, 1099, K-1).
If you have a business reported on Schedule C or a rental property reported on Schedule E, provide us with a copy of your income statement. If you do not have an income statement, summarize your income and expenses on the tax organizer in an order similar to the prior year.
For deductions and credits, submit all tax forms received. If there are amounts for which you have no tax form, write the amounts on the organizer where applicable and provide us with the item’s documentation.
Enter information only once on the organizer. For some items of expense, it may seem there are two places where the information may be entered. If you aren’t sure where the information goes, list it on the last page of the organizer under Additional Information.
Also note, there is an engagement letter in with the organizer. This is the same letter that we ask you to sign each year. In order to work on your taxes, even to begin working on them, we need to have that signed letter on file. If you send back your documents without that letter, we will wait until we receive the signed letter before we begin preparation.
You will also notice there are a few other flyers in the organizer. One talks about our SmartVault services. SmartVault provides an easy and convenient way for you to get us your information for tax season. Consider this: getting all your documents to us from your phone, tablet, or computer! You can upload your documents – such as W-2’s, 1099’s, organizer, etc. – to us from your home, and we can view them here at the office. You can also access your tax returns on this portal any time you want. And not just your newest tax return, but previous years’ tax returns you have filed through our office. Imagine! Not having to call our office every time you can’t find your tax return and need another copy. Technology is amazing, and we are providing this convenient service to you at the click of a mouse.
There is also a page with “Our Team” on it. This will allow you to become familiar with the different faces in our office and the part each person plays. We encourage you to read through it and get to know us a little better.
As always, if you have questions or concerns regarding your return (past or present), please contact us. We are happy to be of service to you!