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- Tips on having an efficient tax appointment
- ST. LOUIS, MO (KTVI)–Sandy Furuya with Wamhoff Financial Planning and Accounting provides tips to help you be ready for your tax appointment and make it a productive, stress-free experience.
- What should I bring?
- • As a general rule of thumb, it’s always best to bring too much than not enough. So if in doubt, bring it with you! This list includes:
- 1. Tax forms you`ve received from employers, vendors, or government authorities: w-2s, 1099s
- 2. Statements from your brokerage and investment accounts (many of these 1099s do not arrive until February or later, and many are not final)
- 3. Receipts and supporting materials for business-related expenses
- 4. Forms or receipts related to moving, childcare, education, medical expenses, home mortgage, etc.
- 5. Social security card for any new dependents
- 6. Mileage logs
- 7. Home office deductions
- 8. Any changes that will affect the future year
- 9. Any notices you’ve received from the government, including your IP pin if you’ve had identity theft
- 10. Voided check for direct deposit of your refund. This year, your tax professional must verify this information and sign off on it.
- • If you’re working with a new tax firm, you can call ahead and discuss what they need. You’ll typically be asked to bring the prior two year’s returns and potentially other items.
- Other things to know and do:
- • Make a list ahead of time with questions you have for your tax professional. This helps to ensure a productive meeting, and helps you receive the most comprehensive tax advice.
- • Many tax professionals have an organizer they can provide which will assist you in gathering your information. Ask for it and use it!
- • Be aware that the IRS will be delaying refunds this year until mid-February for people claiming the earned income tax credit, additional child tax credit, or the american opportunity tax credit. In addition, your tax preparer will be required to complete a due diligence checklist form 8867 as required by the path act.
- • There are new id and refund fraud safeguards put in place by the IRS and states which will cause additional review of tax returns.
- • After filing, you can use ‘where`s my refund’ tool at IRS.gov, or the IRS2go mobile app to check on the status of your federal refund.
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