Tax Time

“Optimist:  Someone who sets aside two hours to do his income tax return”

–unknown

Filing your income personal income tax return is one of the burdens of modern life, and for business owners, it is a major consideration in all business decisions.  At McLeod|Ascanio, we have dedicated ourselves to providing excellent tax preparation and compliance services to our clients in order that you save as much money as possible.  Taxes get more complex every year and tax legislation passed at the last minutes only complicates tax filings for everyone.

If you would like to have experienced tax professionals to rely on, please contact us. We prepare everything from individuals to corporations, from bookkeeping to audits; we can help.

Handy Checklist of Items to Bring to your Preparer!

NEW CLIENT

____  Copy of Prior Year Tax Return

____  Date of Birth for Taxpayer & Dependents

____  Social Security Number(s)

____  Current Address & Phone Number(s)  & Email

 

PERSONAL TAX INFORMATION

____  Tax Forms for Current Year:  W-2’s, 1099’s, 1098’s etc.

____  Student Loan Interest & Cost of Tuition

____  Name, SS#, Birth Date for New Dependents

____  Closing Statements if Sold or Purchased a House

____  Date of Purchase, Sale Cost & Selling Price if Sold Stocks or Bonds

____  If Itemizing Deductions:  Mortgage Interest, Contributions, Real Estate Taxes, Excise Taxes, Health Insurance & Medical Expense

____  Contributions or Withdrawals Regarding IRAs

____  Breakdown of “Out of Pocket” Expenses for Work (If Employed by Someone Other than Self)

 

CORPORATE or SELF-EMPLOYED TAX INFORMATION  (Please note you can use ShareFile to submit any scanned information  or QuickBooks files to us, click here)

____  Bank Statements

____  Quarterly Payroll Reports

____  Accountants Copy of QuickBooks, or Other Record of Checks & Deposits

____  Year-End Inventory

____  Bill of Sale for Major Equipment Purchases

____  Loan Papers for New Loans

____  Year-End Interest on Loans

____  Loan Balances

____  Breakdown of Cash Paid Out

____  Mileage on Vehicles

____  Credit Card Statements