Tax preparers such as Certified Public Accountants (CPAs) and Enrolled Agents are incredibly busy during tax season. Their time is precious, even more so this year with many of the changes introduced by the Tax Cuts and Jobs Act taking effect for the first time. That makes it even more important for you to prepare for your allotted tax preparation time.
Your tax professional needs the following four categories of information to prepare your taxes properly. Make sure to bring all the necessary forms and receipts and organize them so that they may be found quickly.
You may also need to provide information on payment or refund methods. If you intend to use electronic payment methods, you will need information such as your account number and the bank's routing number. That is not necessarily the number printed on your check verify the correct information with your bank.
With proper preparation, nothing will go wasted during your trip to the tax preparer none of your time, your tax preparer's time, or your money.
Failing to pay your taxes or a penalty you owe could negatively impact your credit score. You can check your credit score and read your credit report for free within minutes by joining MoneyTips.
Originally Posted at: https://www.moneytips.com/preparing-for-your-annual-tax-meeting
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