Our tax preparation services help you get your taxes completed correctly and on time. Please call us to schedule an appointment.
Below you will find a listing of the documents that we will need in order prepare your tax return.
Proper record keeping is one of the most important things that a small business can do when it comes to their taxes. Individuals that have complex tax situations also require proper recordkeeping. Roger Coyner CPA will assist you in developing a plan to reduce the time and effort that you expend on accounting and tax records.
We provide all of our clients with a client organizer for tax purposes. This helps to define exactly what records need to be kept. Developing and improving an organized format for your recordkeeping will make the tax process easier.
Information and supporting documentation used to prepare tax returns
- Copies of your last 3 years’ tax returns, if not prepared by this office
- Copies of all compensation and pension distribution reports – W-2(‘s), 1099(‘s), etc.
- Form(s) SSA 1099 (Social Security benefits)
- Form(s) 1099 (interest, dividends, etc.)
- Schedule(s) K-1 (income/loss from partnerships, S corporations, etc.)
- Form(s) 1098 (mortgage interest), property tax statements and property tax receipts
- Brokerage From(s) 1099-B from stock, bond or other investment transactions
- Closing statements pertaining to real estate transactions, including refinancing
- Form(s) 1098-E for student loan interest, Form(s) 1098-T for tuition payments
- All information regarding educational expenses and fees, scholarships, etc.
- All other relevant supporting documents (schedules, checkbook registers, etc.)
- Any tax notices received from the IRS or other taxing authorities
For small businesses some records include:
- Checking account and bank statement information. Computerized bookkeeping of your business accounts is recommended. We support QuickBooks, Peachtree and Quicken as simple solutions.
- Records of all income sources. This should be totaled and accounted for monthly (and in some cases daily and weekly) with appropriate backup documentation.
- Records of all expenses. Disbursements showing all payments made should be meticulously saved. This includes all check, cash and credit card disbursements. All invoices, bills and receipts related to this should be maintained as part of the recordkeeping. Purchase of assets such as vehicles, equipment and real estate used for business may require special depreciation analysis.
- Employee compensation and tax records. This can get complex so it is important to evaluate this regularly and keep current. Our firm can assist in setting up a proper system for maintaining payroll records.
The Roger Coyner CPA Client organizer helps make this process easier for my clients. Please call with any questions you may have.