You may be able to complete our client organizer directly from your mobile device.
* Download the client organizer .pdf on your mobile device.
* Open the file with adobe acrobat, Google Drive, or whichever app you use to view/edit .pdf forms.
* Click Fill & Sign, Edit, or the pencil button to edit the form.
* Press inside each ________ to enter your information.
Do you need to fill out a new Client Organizer every year?
Yes, even if your information is the same.
Did you receive unemployment benefits?
Unemployment benefits are taxable. 1099G forms are available on the unemployment website.
Missing W2?
Ask your employer first. If not, request your transcript from the IRS
1095A Health Insurance Market Place Statements
Although the Affordable Care Act has been repealed these forms are paramount and need to be submitted with your documents
in order to not delay the processing of your tax return.
The IRS does not call you to inquire about your tax return. Do NOT give out personal information over the phone.
Identity Theft protection is a major concern in the financial industry therefore Photo identification is required for all taxpayers. Social security cards are required for new clients/dependents only (Existing clients/dependents have a master file) Scams have been on the rise.
8867 Due Diligence Requirements
Taxpayers qualifying for Earned Income Tax Credit (EITC) Child Tax Credit (CTC) American Opportunity Tax Credit (AOTC) and Head of Household (HOH) will be required to meet specifications regarding relationship, residency, and support as well as education expenses.
Form 2441
Child and Dependent Care Expenses should be documented with receipts, canceled checks and/or W-10 child care provider statements.
Schedule C & Schedule E
Small Business/Rental Income taxpayers are required to provide income and itemized expense summaries which are documented and maintained by the taxpayers
NOTE – Please provide totals of expenses incurred and keep receipts for your records!
However, charitable contributions/extraordinary medical expenses will require receipts!
We have identified several items which have been targeted as areas of concerns in an effort to protect and educate taxpayers. As previously noted the documenting and substantiating of tax information has become more important than ever before. Therefore, maintaining receipts and records are paramount and will become a necessary element in continuing to provide a high level of quality service.
TARGETED AREAS OF CONCERNS
SCHEDULE 1 (A) – ITEMIZED DEDUCTIONS
Medical/Dental expenses should be documented and paid in the current tax year. Charitable contributions. Taxpayers should have receipts for all cash contributions and adequate documentation for all non-cash contributions.
(NOTE) Union dues/Uniform Maintenance/Tools/Equipment/Job-related travel
NO LONGER TAX DEDUCTIBLE ITEMS FOR FEDERAL FILING
SCHEDULE C-PROFIT OR LOSS FROM BUSINESS (SOLE PROPRIETORSHIP)
Gross receipts must be fully reported. Books and records should be available for review to substantiate amount reported
Expenses claimed must be ordinary and necessary for the type of business reported
All expenses claimed are to be paid or incurred during the taxable year and the allowable amount of the expenses must be correctly computed.
SCHEDULE E - SUPPLEMENTAL (RENTAL) INCOME AND LOSS
Rental Income and Expenses must be properly reported.
Rental property depreciation must be correctly calculated.
Limitations surrounding passive activities, cost basis and at-risk rules must be properly considered and calculated.
All income tax returns are filed electronically and no money down Bank Products allowing refunds to be issued via Direct Deposit, Cash Card and Paper Check are all still available.
Our online tax portal allows you to connect with your tax preparer over the net. The portal is very safe, and a great tool in these uncertain times.
Visit your personal dashboard to view, print, and sign your tax return all from your mobile device.
If you have not created an encrypted account with our online tax portal please contact us at (718) 736-8489
We will send a link to the email that we have on file. Keep in mind the link will expire after 30 minutes. Please be prompt.
Be sure to complete and return the Client Package for 2022.
* Download the client organizer .pdf on your mobile device.
* Open the file with adobe acrobat, Google Drive, or whichever app you use to view/edit .pdf forms.
* Click Fill & Sign, Edit, or the pencil button to edit the form.
* Press inside each ________ to enter your information.
Do you need to fill out a new Client Organizer every year?
Yes, even if your information is the same.
Did you receive unemployment benefits?
Unemployment benefits are taxable. 1099G forms are available on the unemployment website.
Missing W2?
Ask your employer first. If not, request your transcript from the IRS
1095A Health Insurance Market Place Statements
Although the Affordable Care Act has been repealed these forms are paramount and need to be submitted with your documents
in order to not delay the processing of your tax return.
The IRS does not call you to inquire about your tax return. Do NOT give out personal information over the phone.
Identity Theft protection is a major concern in the financial industry therefore Photo identification is required for all taxpayers. Social security cards are required for new clients/dependents only (Existing clients/dependents have a master file) Scams have been on the rise.
8867 Due Diligence Requirements
Taxpayers qualifying for Earned Income Tax Credit (EITC) Child Tax Credit (CTC) American Opportunity Tax Credit (AOTC) and Head of Household (HOH) will be required to meet specifications regarding relationship, residency, and support as well as education expenses.
Form 2441
Child and Dependent Care Expenses should be documented with receipts, canceled checks and/or W-10 child care provider statements.
Schedule C & Schedule E
Small Business/Rental Income taxpayers are required to provide income and itemized expense summaries which are documented and maintained by the taxpayers
NOTE – Please provide totals of expenses incurred and keep receipts for your records!
However, charitable contributions/extraordinary medical expenses will require receipts!
We have identified several items which have been targeted as areas of concerns in an effort to protect and educate taxpayers. As previously noted the documenting and substantiating of tax information has become more important than ever before. Therefore, maintaining receipts and records are paramount and will become a necessary element in continuing to provide a high level of quality service.
TARGETED AREAS OF CONCERNS
SCHEDULE 1 (A) – ITEMIZED DEDUCTIONS
Medical/Dental expenses should be documented and paid in the current tax year. Charitable contributions. Taxpayers should have receipts for all cash contributions and adequate documentation for all non-cash contributions.
(NOTE) Union dues/Uniform Maintenance/Tools/Equipment/Job-related travel
NO LONGER TAX DEDUCTIBLE ITEMS FOR FEDERAL FILING
SCHEDULE C-PROFIT OR LOSS FROM BUSINESS (SOLE PROPRIETORSHIP)
Gross receipts must be fully reported. Books and records should be available for review to substantiate amount reported
Expenses claimed must be ordinary and necessary for the type of business reported
All expenses claimed are to be paid or incurred during the taxable year and the allowable amount of the expenses must be correctly computed.
SCHEDULE E - SUPPLEMENTAL (RENTAL) INCOME AND LOSS
Rental Income and Expenses must be properly reported.
Rental property depreciation must be correctly calculated.
Limitations surrounding passive activities, cost basis and at-risk rules must be properly considered and calculated.
All income tax returns are filed electronically and no money down Bank Products allowing refunds to be issued via Direct Deposit, Cash Card and Paper Check are all still available.
Our online tax portal allows you to connect with your tax preparer over the net. The portal is very safe, and a great tool in these uncertain times.
Visit your personal dashboard to view, print, and sign your tax return all from your mobile device.
If you have not created an encrypted account with our online tax portal please contact us at (718) 736-8489
We will send a link to the email that we have on file. Keep in mind the link will expire after 30 minutes. Please be prompt.
Be sure to complete and return the Client Package for 2022.