What do I need to prepare my tax return?
In order to prepare your tax return, we’ll need some information from you. Here’s what you’ll need to have in order to file your individual taxes:
- Personal Information and Identification, like your social security number or tax ID number
- Dependent(s) Information, such as their dates of birth, social security numbers, income, or childcare records
- Sources of Income, such as a W2 or 1099 form, rental income, records of business expenses, retirement income, savings and investments, and miscellaneous income (gambling, prizes, and awards, trusts, etc.)
You’ll also need to compile accurate information about your deductions. Allowable deductions depend on your personal life situation, and that’s why it’s crucial to have an expert help. Some deductions you may be eligible include:
- Home Ownership related Expenses
- Charitable Donations
- Medical Expenses
- Health Insurance
- Childcare Expenses
- Educational Expenses
Don’t get caught unprepared when it comes time to file. The expert team at Adcon Business Solutions brings efficiency and organization to your tax preparation.