Tax Preparation Tips

Tax Preparation Tips

​As you get ready for your 2015 tax preparation, we have a few helpful tips so that you can quickly and efficiently ready yourself for your tax appointment. First and foremost – BE ORGANIZED! Remember that Time is Money. Most firms provide 'Organizers' for you to fill out, take a few moments and compare your current year data to your prior year – this will allow you to determine if there is anything that you may have inadvertently forgotten.

You will need to gather all of your W-2's, 1099's, K-1's, to name a few. If you are self-employed be sure that your books are up to date and it is helpful to have all your financials available (i.e. Balance Sheet & Income Statement).

​Make note of any details of new assets you may have acquired, sold or traded. Likewise, if you have Rentals you will need Income and expense information along with any major renovations or improvements you may have made. Preparers do NOT want to see your receipts. 

While most of your pre-tax planning occurred in the later part of the prior year there are some items after 1/1/16 that you can do to improve your tax outlook. Contributions to Traditional IRA's, Roth and Recharacterizations can be made for the prior year until April 15th. Or a SEP (self-employed business) IRA contribution can be made up until October 15th for individuals. 

Be prepared and make sure you write down any questions that you may have. Tax season is a busy time for many people and most tax preparers work long hours during the season -- the earlier you schedule your appointment the better. Remember Time is Money!

Staff Profiles: Athena Stone
The Great Panic of 2016


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Sunday, 17 January 2021

By accepting you will be accessing a service provided by a third-party external to

Due to renewed State orders for shelter-in-place we will be modifying our office operations. We will be suspending services at our physical office for the public. However, we are available to you via web meeting (zoom), email and telephone (Phone lines have been forwarded to our personal cell phones) during regular business hours. We will be able to fully service all your investment needs with no interruption.

You may drop contribution checks at our office through the mail slot or they may be mailed directly to TD Ameritrade (address listed below). Please be sure to notate your account number on the check.

TD Ameritrade
PO BOX 650567
Dallas, TX 75265-0567

Rest assured that we will continue to monitor your investments and market conditions on an ongoing basis with no interruption. Should you have any questions or concerns please feel free to contact us.

We will navigate this crisis as best we can, coming together and making shared sacrifices. We hope that we can help to slow down the effect of this virus together and solve this swiftly. We also wish everyone well and would like to extend our gratitude for your patience during these trying times. Continue to watch for updates from us.