The Numbers You Need

1040s, W2s, 1099s, 1095s, Schedule C…the dreaded alphabet soup of tax time is approaching.

Filing taxes doesn’t have to be stressful. You just need a little preparation and patience. As the IRS states, “year-round tax planning is for everyone.” The most important part of tax planning is recordkeeping. Remember to gather documents and keep them organized.

• Identify all your sources of income (separate your business and personal)

  • Wage & Earning Statements

  • Interest & Dividend Statements

  • Records of Virtual Currency Transactions

  • Alimony

  • Rental Property Income

  • State or local tax refunds

• Identify expenses for which can be claimed as a deduction

  • Education Costs

  • Childcare costs

  • Charitable donations

  • Qualified business expenses

  • Home office expenses

And as always - if ever I can be of service to your organization, please schedule a Discovery Call with me!