To keep your time to a minimum we've put together some helpful resources. If you have specific questions or would just like to talk with a CPA please feel free to contact us.
Helpful Preparation Guides:
Frequently Asked Questions
How can I speed up the preparation of my tax return?
The number one cause of delay for completing tax returns is information not being provided on cost basis of investments sold during the tax year. Make sure to save purchase information, including purchase date and price, when buying securities. Place them in safekeeping and then attach them to the 1099-B you receive at the end of the year in which you sell the investment. This will help avoid additional correspondence (which means time and money) with your C.P.A. and research with your broker.
How can I expedite a refund?
Provide us with a voided check and we'll use the numbers to have the IRS directly deposit funds. It could speed up the receipt of your refund by 2-4 weeks. For an even faster refund have us E-file your return with direct deposit information.
How long should I save records?
The IRS can audit a tax return for up to three years after the filing date, or due date of a return (whichever is later). Save supporting documentation for tax returns for at least three years for that reason. Documents of security purchases should be saved for three years after the sale date.
What's the best way to avoid interest and penalties?
Many individuals can avoid interest and penalties due to underpayment of tax by paying estimated quarterly tax payments. We can calculate how much to pay and details for payment.