01.01.2015
Greetings everyone!
This year promises to be a great year for taxes! There are a few things that we will need to check off your list that many of you may or may not have done yet. In this blog, we hope to highlight several of the key forms and documents you may need before completing your electronic filing with us for 2014-15 tax year!
As always, we highly recommend that if you are due to receive a W-2 form this year, please bring that in with you before starting the filing process! (If there are any issues with your W-2, please let us know and we might be able to help! )
The next set of documents that are most commonly referred during the tax season are dependant/child documents. These are basic medical/school/mailing record that provides the IRS with proof of dependant address confirmation in order to obtain the proper credits/deductions. (Give us a call if you have any questions on alternative forms of dependant documentation.)
As a rule of thumb we like to ask that our customers have a minimal expense sheet in mind. Although not all expenses are credible, there are many that may suit your situation and even give you a lower tax at the end of the preparation! ("You might be surprised at what you can deduct!" -George )
A new standard for tax year 2015 will be reporting your qualifying Medical coverage. For 2015 we ask that you bring in medical insurance documentation that provides proof of coverage for 2014 (or grandfathering insurances) in order to maintain compliance with the IRS for this year! If you do not have health care coverage, their are new options this year that provide options to be filed along with your preparation. ( For further questions, please give us a call! )
Finally, the most common (and typically most frustrating for customers) would be filing before receiving ALL other forms! We want to focus on reminding all of our customers that IF you have received your standard forms (such as a W-2 or 1099) but are waiting on alternative forms (example: 1099-R / W-2G), please wait until you have received them before filing for taxes! We want to help prevent filing a amended return, which only lengthens your return date and peace of mind.
We hope that this has helped and if you still have questions-- PLEASE -- feel free to give us a call (714-400-3444) or email us at BetterRefundIncomeTax@gmail.com !
Thank you everyone! We hope to see you at the office soon!
-Jorge Ostorga
-George (jr)
Better Refund
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