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The Tax Return Preparation Process

The Tax Return Preparation Process...

  • A Tax Organizer will be sent to you at the beginning of the year to assist you in accumulating your tax information. The Organizer should be used to whatever degree it is helpful for you. At a minimum, we ask that you verify the client information (name, address, telephone numbers, email addresses, dependents, etc.) and answer the Questions. The Organizer contains Questions that ensures that you understand compliance and documentation requirements in the law. Your completion of the Questions is a mandatory requirement of the return preparation process.

  • We strive to meet with all clients during the tax preparation process, if possible. When we meet, your tax information and completed Organizer will be reviewed with an analytical eye to ensure that no information or deductions have been missed. Very few people leave their initial appointment without a homework assignment!

  • Prior to finalizing your return, you will be consulted regarding potential tax-saving deductions, IRA contribution decisions, estimated tax payment options, etc., to ensure the least tax is paid.

  • The finished tax return is presented to you with a comprehensive cover letter. This letter explains in detail everything you will need to know to complete the filing process, describing, for each return, who must sign, where to sign, what to mail and to what address. If tax payment is required, the letter details the amount to be paid, to whom payable, what other information to write on the check, and where to mail the check. The letter also includes a complete description of your estimated tax payment requirements for the following year.

  • The IRS requires that we electronically file your tax return. By electronically filing, you will receive a quicker refund.

  • A major part of preparing last year's tax return is beginning the planning process for this year's tax return. We will discuss in detail your estimated income and deductions for the upcoming year to ensure that your withholdings are adequate to cover your estimated tax liability. If you are over-withholding income taxes we will show you how to adjust your payroll withholding to maximize your take-home pay. Why give the IRS an interest free loan for up to 16 months! If estimated tax payments for the upcoming year are necessary, we will prepare those vouchers after full discussion with you regarding your estimated income and deductions.