Monday, June 7, 2021

DOCUMENTING YOUR INCOME AND DEDUCTIONS

 


I expect by now you have prepared and submitted your 2020 federal and state tax returns and are waiting, patiently, for your refunds. 

Did you find it difficult to compile all the necessary 2020 information and documentation to give to your tax preparer?  The more organized you are at tax time the more likely you will be able to take full advantage of all deductions, credits and tax-saving strategies available. And the more organized you are the lower your tax preparation fee.

I have created the 2021 GUIDE TO TAX RETURN RECORDKEEPING to help you in gathering and organizing your 2021 tax “stuff” and help you to pay the absolute least federal income tax possible for 2021.

My guide contains detailed text covering what is taxable and deductible and what information and documentation you will need to properly prepare your 2021 tax return, and forms, schedules and worksheets for compiling and identifying the documentation you will need to provide to your professional tax preparer in 2022.  It discusses in detail –

·         MY BEST TAX ADVICE
·         WHAT TO GIVE YOUR PREPARER
·         WHO MUST FILE A 2021 TAX RETURN
·         FILING STATUS
·         DEPENDENTS AND EXEMPTIONS
·         INFORMATION RETURNS
·         INVESTMENT SALES
·         2021 CONTRIBUTION LIMITS FOR RETIREMENT PLANS
·         REPORTING GAMBLING INCOME
·         ADJUSTMENTS TO INCOME
·         ITEMIZED DEDUCTIONS 
·         DEDUCTIBLE RENTAL EXPENSES
·         CHILD CARE EXPENSES
·         ESTIMATED TAXES
·         HOW LONG MUST I KEEP MY TAX RECORDS
·         YEAR-END TAX PLANNING

The cost of the Guide is only $10.95 sent as an email attachment – the text in pdf format and the forms, schedules and worksheets in Word format.  A print version sent via postal mail is also available for $15.45.

Send your check or money order for $10.95 or $15.45, payable to Taxes and Accounting, Inc, to -

TAXES AND ACCOUNTING, INC
2021 GUIDE TO TAX RETURN RECORDKEEPING    
POST OFFICE BOX A
HAWLEY PA 18428

TTFN 



















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