top of page

Ready, set go! Get ready for an awesome tax season. Here are some tips to get ready to file your US tax return.

Ready, set go! Get ready for an awesome tax season. Here are some tips to get ready to file your US tax return.



Here is a list of documents which your tax accountant will need:



Wage earners: You should receive your W-2 from your employer by Jan. 31. For those in Israel, Israeli Form 106 (equivalent to a W-2) should be ready by early March.



Independent contractors: Your 1099-NEC should be ready by Jan. 31. You should also finalize your list of business expenses, which will reduce your taxes. Technically, anyone who receives a 1099-NEC is considered a business owner, although not everyone realizes it.



Business owners: You should finalize your Profit & Loss statement, as well as a categorized list of business expenses.



Real estate investors: It's time to finalize your records for the year - rents received, expenses, mortgage interest etc.



Other documents: 1099-B from brokerages should be available by mid-February. 



Forms 1099-INT for interest, 1099-DIV for dividends and 1099-R for retirement income will be available by Jan. 31.



Remember, the quicker you're ready to file, the quicker you'll receive your refund (if applicable)!



I'm ready to take on a limited number of new clients this tax season, so it's best to reach out early and get things started.


0 views0 comments

Recent Posts

See All

Comments


bottom of page