Our team at TS Accountant want to make sure you are prepared to file your taxes. This means early prep work to avoid a delay in getting a refund next year.
GET ALL OF YOUR DOCUMENTS
There is a lot of paperwork involved, but don’t worry we’ve got you covered!
Here is a checklist from H & R Block that you can download to make sure you have all of your forms: click here
Don’t worry about getting all of your forms now - they usually arrive by mail in January.
When you do get them - make sure they’re all correct, and if not, contact the payer right away to make a change.
To get ahead of the game, confirm that each employer, bank or other payer has a current mailing address.
According to the IRS, taxpayers should keep a copy of their 2016 tax return and all of their supporting papers for a minimum of three years. This way, it will make it easier to fill out a 2017 return next year.
USING ONLINE SOFTWARE
If it’s your first time using a software product for the first time, you may need the Adjusted Gross Income (AGI) amount from your 2016 return to properly e-file your 2017 return.
How to verify your identity and electronically signing a return: click here
Our accountants at TS Accountant and Tax Consulting will walk you through every step. Contact us here for your accounting and tax needs.