A GREAT CHRISTMAS GIFT IDEA

 

Taxpayers are required to keep good contemporaneous records and documentation of all items of income reported and all deductions and credits claimed on their income tax return in the manner prescribed by Congress, the IRS and the US Tax Code.

As I recently reported, the IRS has released most of the inflation-adjusted tax rates, and numbers for deductions and credits for tax year 2022 – for returns to be filed in the spring of 2023.  I am currently working on compiling my 2022 GUIDE TO TAX RETURN RECORDKEEPING.  This guide will help you in gathering and organizing your 2022 tax “stuff” and help you to pay the absolute least federal income tax possible for 2022.

This guide will make a great Christmas gift for family, friends and for yourself!

I am waiting for the IRS to announce the 2022 Standard Mileage Allowance rates and for Congress to pass the final version of the Build Back Better legislation, which should contain several tax changes effective for 2022. 

My guide will contain detailed text covering what is taxable and deductible and what information and documentation you will need to properly prepare your 2022 tax return, and forms, schedules and worksheets for compiling and identifying the documentation you will need to provide to your professional tax preparer in 2023.  It discusses in detail –

·         MY BEST TAX ADVICE

·         WHAT TO GIVE YOUR PREPARER

·         WHO MUST FILE A 2022 TAX RETURN

·         FILING STATUS

·         DEPENDENTS AND EXEMPTIONS

·         INFORMATION RETURNS

·         INVESTMENT SALES

·         2022 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 will be only $16.45 - postage included.  However, if you order the Guide now, before I “go to press”, I will provide a 20% “pre-publication” discount.  So, the cost will be only $13.15! 

Your order must be postmarked before I publish the final version.

Send your check or money order for $13.10, payable to Taxes and Accounting, Inc. and your postal mailing address to -

TAXES AND ACCOUNTING, INC

2022 GUIDE TO TAX RETURN RECORDKEEPING PREPUB OFFER

POST OFFICE BOX A

HAWLEY PA 18428

TTFN