Tax Preparation

Tax preparation is the process of preparing tax returns, and generally for compensation. 

Our firm is dedicated to providing excellent service in the preparation of your Filings. Our purpose is to educate you as the taxpayer in exactly what you can expect regarding your tax returns. We want you, the taxpayer, to have a complete understanding of what is on your return.

Many people try to either prepare taxes themselves or use software for this purpose, but it’s often easier to reach out to professional tax preparers for this purpose. Not only do you get the benefit of having a professional’s guidance and advice, but there is also a level of security should you miss something in your own prep.

Basically, your tax preparer will take all the records and essential forms that you or your business has amassed over the past fiscal year in order to help you put together a final figure that you have to pay. On your end, it’s important to make sure that you have all the necessary materials, especially if you plan on itemizing deductions.

For the average salaried worker, your W-2 is probably going to be your main tax form, but you may also need to bring your preparer things like:

  • Forms relating to your health coverage if you are getting it from the government.
  • Forms covering interest you’ve paid on things like student loan interest, tuition, and mortgage interest.
  • Reporting cancellation of debt and compensation paid to independent contractors, if you run a business.

Those who itemize deductions will also need the appropriate receipts.