Tax season 2017 is upon us and it is time to get organized. We are in the process of sending out organizers, mostly by email, some by snail mail. If you have not received yours by January 15, please contact us.
What do we need from you?
The first important thing we need you to do is go through your organizer. Your personal organizer lists items that were reported in 2016. For example, if you received retirement benefits from Schwab, PERS and OS Credit Union, they will be listed on your organizer. If you did not have any distributions in 2017, simply cross that company out and we won't call you looking for the 1099R.
We need to see all official tax form, W-2's, 1099's, 1098's, etc.
What do we not need from you?
We do not need to see monthly or quarterly statements from your brokerage firm. (only the 1099)
We do not need to see medical receipts. (A summary will suffice.)
We do not need to see receipts for your rentals. (Summarize expenses on your organizer.)
Even though we do not need to see these receipts to prepare your taxes, keep them in a safe place just in case the IRS ever wants to see them.
Happy Tax Season 2017!