Preparing those Tax Returns

Tax season is upon us and it’s time prepare those returns. I spent some time gathering my tax documents this week – and it took me all but an hour. I was concerned. Past tax seasons were spent hunting down several documents and making a list of all the tax-related activities over the past year, but this time is different.

I’m an empty nester this year. That’s right, all of my kids have grown and moved out of my home. It’s bittersweet, but something I’m still trying to get accustomed to. Before, I had three kids to collect tax documentation for, but now it’s only me, which has me thinking whether I’m forgetting something.

Which is why it’s important to first find yourself a qualified CPA to do your tax returns. If anything, they get to sign the returns and are immediately contacted if anything goes wrong. Second, it’s best to have a consultation with your tax preparer before handing over all your documents and wishing the best. This way, you’ll be notified in advance if there are any missing documents, tax credits you’re eligible for, and at the very least, what to expect from the return. The CPA I work with, for example, is able to determine whether or not I’m eligible for a return before he even runs the documents through his database. It’s pretty awesome.

So, I’m going to just release the negative energy I’ve had over this whole thing and go with the flow. It’s easy when you’re working with the right people and getting quality service.

If you need to find a CPA, visit the websites of your local accounting boards or society of CPAs and search there. You won’t regret it.