Tax preparation checklist 2016

May not be combined with other offers. To qualify, tax return must be paid for and filed during this period. See all full list on nerdwallet. Before you begin to prepare your income tax return , go through the following checklist.

Highlight the areas that apply to you, and make sure you have that information available. Better yet, attach the list to a folder of your tax documents , and check items off as you add them to the folder. INDIVIDUAL TAX RETURN CHECKLIST. The following income tax return checklist should be completed in conjunction with the preparation of tax reconciliation return work papers. Offer valid for tax preparation fees for new clients only.

If you get a $6tax credit, you’ll pay $6less on your final tax bill. You should head over to the IRS’ website to see a full list of deductions and credits that are available to you. April 15th is arriving soon, so today I’m sharing a checklist of everything you’ll need to gather up, to file your income taxes. You will need to gather up these documents whether you are filing yourself or if you’re having a professional do it for you.

We want to make sure you get every tax credit and deduction you’re entitled to. Since preparing taxes happens only once a year,. This information should be on your Dec. Generally, the estate tax return is due nine months after the date of death.

A six month extension is available if requested prior to the due date and the estimated correct amount of tax is paid before the due date. The gift tax return is due on April 15th following the year in which the gift is made. Internal Revenue Service.

This time commitment highlights the complexity of tax return preparation. Use my tax prep checklist to make sure you don’t forget anything important. This US tax preparation checklist is designed for Americans Overseas who have already been filing in the past years. Not every category will apply to you, so just pick those that do, and make sure you have the information available.

See below for additional document downloads marked in blue. Tax preparation checklist. Need to open a bank account? Raw estimates are not acceptable. NYC SafeStart Account.

Download our expense checklist PDF Download our expense checklist Excel Worksheet Download our month expense worksheet Excel Worksheet. I can tell you from first hand experience that working for yourself can offer a boatload of gratifying rewards. With that in min I wanted to share a list of information that you may want to pull together to ensure you do not forget reporting income or taking deductions. A checklist will help you streamline the clutter by planning your tax preparation process step-by-step.

If you make any mistakes on your tax returns, you’ll need to complete more paperwork to get it fixed. Select an interest area below to access that specific content or browse to see all that we have to offer. Join today to access these helpful tools. Schedule C, Self-Employed.

Provide a copy of the return.