One of the most common tax season frustrations is scrambling to find all the necessary paperwork. A CPA can streamline the process by giving you a checklist tailored to your situation.
1. Income Documents
You’ll need W-2s from employers and 1099s for freelance or contract work. If you have rental properties, include documentation of rental income.
2. Expense Records
Keep receipts for deductible expenses, such as:
- Charitable donations
- Medical expenses
- Education costs
3. Investment Information
If you sold stocks, bonds, or other investments, gather 1099-B forms and records of purchase prices.
4. Business Records
For small business owners, essential documents include:
- Profit and loss statements
- Receipts for expenses
- Mileage logs
Why Work with a CPA?
A CPA ensures nothing is overlooked, helping you claim all eligible deductions and credits. They also simplify the process by reviewing your records and identifying missing items.
Ready to make tax season stress-free? Call 972-210-3467 to schedule a consultation today!
