Tax Preparation Information and Filing Requirements
We are excited to begin tax preparation services for the upcoming filing season. As part of our proactive approach, we recommend gathering applicable information early to help ensure your return(s) are filed on time. Preparing in advance can reduce stress by providing early insight into any potential refunds or tax liabilities. Please review the deadline information below, along with specific guidance on required document submissions.
Upload Documents to Tax Organizer
Please fill complete your tax organizer and upload all tax documents before submitting them to your DrillDown Tax Pro.
Documents Submission Deadline
If we are unable to complete your return by the applicable due date(s), an Automatic Extension will be filed. Factors requiring Automatic Extensions: incomplete, missing, and late documentation submission or specific client request for Automatic Extension.
Meet with Your DrillDown Tax Pro
Meet with your DrillDown Tax Pro about Two Weeks after all your tax documents and tax organizer is submitted to review and approve your tax return. Once the tax agency accepts your tax return, a confirmation email will be delivered.
Tax Preparation Season Quick Tips
The following guide outlines simple steps to save your time, money, and stress this tax season.
See Us Early
It’s best to see your tax preparer in early February. If you cut it too close, you can bet many other clients have as well, and likely your accountant will simply need to file an extension.
Plan ahead
Designate a specific place in your home or office to collect these important tax documents. Create an email file folder to collect e-documents.
Get Organized
Schedule a deadline for yourself to review and organize your documents, identify missing documents, and list the specific questions you need to ask your tax preparer.
Attend Scheduled Meeting
Make sure you attend your own scheduled meeting or reschedule for when you have the time and energy.
Check Your Mail
Check your mail and open any envelopes with the words “tax information” or “tax documents”.
Check Your Email
Check your email and Junk folders. Most banks, mortgage companies, and investment brokerages, including student loans, send email notifications when your tax documents are ready for download. If you receive paperless statements, you may not receive any documents in the mail.
Review Calendars and Check Registers
Review of planners, appointment calendars, and check registers – doing so, you might remember additional charitable deductions, business deductions paid through a personal account, additional business or charitable mileage, or many other tax-related items.
Tax Organizer
Fill out the required tax organizer provided, even if you have been a client for years. Specific yes/no questions are used by your professional to discover possible tax deductions you may not be aware of pertaining to you, as well as new dependents.
Sort documents by category
Use a list of common tax documents to assist you. If you have several similar documents, group them together by form number or type of activity for example rental or business activity.
Questions
Include any questions you have and any explanations needed for major life events or complex transactions.
Keep Your Receipts
Don’t send receipts, your tax preparer is not an auditor. You don’t have to show him or her all your receipts. You should submit all related documents for complex transactions, such as those for real estate, investments, and business sales.
