As the deadline approaches, most people are thinking about their taxes. Everyone knows that the sooner they file, the less they have to worry about, but few know what they need to bring when they see an accountant in Melbourne FL. Below, filers can learn which documents to bring to the accountant’s office at tax time.
ID Information
Accountants and tax preparers need access to certain information that may be used to verify a client’s identity. A Social Security card is a good option; the client should bring cards for themselves and each dependent they’re claiming. It’s also a good idea to bring a secondary form of ID, such as a military ID or driver’s license.
A Copy of Last Year’s Tax Return
While write-offs and deductions can change from year to year, providing the accountant with last year’s return can help them quickly access information and add up deductions. When meeting with a new preparer, this is a good opportunity to talk about discrepancies between this year’s and last year’s returns.
Wage Statements
If a person works for a company, they’ll get a W-2 form. Non-employees, such as freelancers and independent contractors, will get a 1099-MISC form from each client with whom they’ve worked over the past tax year. In either case, the accountant will need these forms.
Income Statements
Sometimes, people accrue additional income throughout the year, in the form of dividends, interest, Social Security income, or unemployment pay. Clients will get statements for these income sources, and they’ll need them at tax time.
Documentation of Expenses
If a filer wants all the credits and deductions for which they’re eligible, they should be prepared to prove their expenses. Documents such as medical bills, invoices, receipts, IRA contributions, mileage logs, self-employment expenses, and education expenses can all help an Accountant in Melbourne FL prepare an accurate tax return.
Don’t Be Afraid to Ask For Help
Filing taxes is one of the year’s most complex financial tasks. Because of changing laws and varying rules for different situations, filing can be challenging and stressful. Instead of doing it alone, call or visit website today for tax help.
