October 15th is almost here. October 15th is the last day to file your 2016 1040.  To be exact, you have 10 days to file a tax return. But who is counting? We are! If you still haven’t done your taxes, don’t panic. We have prepared with these five great last minute tax tips to help you through this challenging process.

 

TIP 1: GET ORGANIZED

Gather all the necessary documents so that none are missing when preparing your tax return. Check out this helpful list below.

TIP 2: MAKE AN APPOINTMENT or DROP YOUR INFORMATION OFF BEFORE 10/10/17

Call to 1-850-208-3356 or click this link https://calendly.com/pbarrett/60min to make an appointment, so you commit to it and avoid possible delays.

TIP 3: ADD THE APPOINTMENT TO YOUR CALENDAR

Write it on your calendar at home, and also consider adding it to the calendar on your phone with a reminder the day before your appointment.

TIP 4: AVOID RUSHING THROUGH THE PROCESS

It is very easy to make a mistake when you’re rushed, and you want to be sure that you get all the deductions and credits to which you are entitled! If you are not ready, you still have to file a return by 10/15/17, but you can amend this return for up to 3 years (not recommended).

TIP 5: STAY POSITIVE

Once your tax return is prepared and filed, you will have the peace of mind knowing that this task is complete. And also, you could be eligible to receive a tax refund!

Let the tax prep professionals at Southern Cloud Accounting LLC help you prepare your taxes correctly to ensure you get the maximum refund possible.

 

 

WHAT TO BRING TO YOUR ACCOUNTANT:
1040 return
Item Documentation
1) Tax returns from prior years

Write notes over here.

 

 

 

 

 2015, if possible.
INCOME RECORDS
2) Wages and salaries W-2
3) Dividends and interest 1099-Div and 1099-INT
4) Capital gains and losses 1099-B or broker statement
5) Self-employment income Sch C. Books and records including end of year bank statement and accounting software data file copied to a CD or thumb drive; include ADMIN login and password

 

Home office Deduction: See below for template
6) Partnerships, S corporations K-1
7) Rents Rental property records: Revenue and Expenses
8) Unemployment compensation 1099-G
9) Social Security benefits SSA-1099
10) State tax refunds 1099-G
11) Original issue discount 1099-OID
12) Pension and annuities 1099-R; contribution records
13) IRA Distributions 1099-R
14) Barter Income 1099-B
15) Sale of your home 1099-S
16) Other Income and Royalties 1099-MISC
17) IRA Contributions Amount
18) Keogh contribution Amount
19) Medical expenses List
20) Interest expense 1098 from bank
21) Charitable contributions List
22) Taxes – property, state income. Form 1098
23) Miscellaneous deductions Ask for a separate list if interested
24) Exemptions Date of birth for taxpayer, spouse dependents
25) Estimated tax payments List by date
26) Tuition and fees Form 1098-T or list
27) Health Care Forms 1095A, 1095B or 1095C
Any questions? Call or email.
Email:   pbarrett@southerncloudaccounting.com    Phone: 850-208-3356