January 16, 2014|
The time to file taxes is fast approaching. Help ease the stress by starting to prepare now. The first step? Gather W-2s and 1099s. Once the holiday season is in the rearview mirror, taxpayers are often inundated with forms. Employers are required to send W-2s to employees, while securities owners and sellers will receive 1099s detailing investment activities, by the end of January. Instead of simply dumping these forms in a pile, review them carefully to ensure their accuracy. For sales of securities, verify the cost basis used to determine taxable gain or loss. Remember that you don't need to wait until you have all of your forms to begin to submit them to us for preparation. We can begin the process with the tax documents you do have and as the remainder come in, we'll be able to finish your return(s). A simple and secure way to do this is via our portal.