Tax preparation Kissimmee is a confounding task that can leave many in exhaustion and frustration. If you are new to tax preparation in Kissimmee or can’t make head or tails of Kissimmee tax preparation, then getting services of a tax accountant Orlando is probably a good idea. A tax accountant Kissimmee can help you prepare your income tax forms and tax return. While offering the tax services Kissimmee, your accountant Kissimmee will need supporting documents to claim tax rebates and form a comprehensive tax statement. Here are some documents that are essential to tax preparation Kissimmee. Organizing these documents will help you and your accountant Kissimmee to file the necessary forms in a timely manner.
Tax Preparation Kissimmee Needed Document 1 – Identification
Identity Theft is a common crime that occurs while filing the taxes. Even if you are not a victim of identity theft, misinterpreted identity can lead to severe consequences. While meeting your tax preparer Kissimmee, ensure that you are carrying your Identity verification card such as passport or driver’s license. An important document while filing your tax is the Social Security Card. Your Social Security card shows number of dependents you have and tax reclaims that you can likely avail through them. If you are tax status is married and filling tax jointly, bring your partner along as they will be required to co-sign the tax forms.
Tax Preparation Kissimmee Needed Document 2 – Income Statement
A person is taxed according his or her income. Every year income slabs are specified and the liable tax rate is revised. Your income statement is the primary document on which your tax returns Kissimmee are calculated on. IRS differentiates your income on basis of two-categories: Earned and Un-earned Income. Earned Income is your salaries and wages while un-earned income includes compensatory benefits such as interest and dividends. Each source of income has its own income statement which specifies your earnings.
IRS offers certain reduction if you had invested in certain commodities or securities. To claim the tax refunds, bring your income statement along with you. Your tax preparer Kissimmee might help you to claim the reductions in lieu of the supporting documents.
Tax Preparation Kissimmee Needed Document 3 – Expenses Proof
Showing a proof of your expenses will help you gain itemized reduction on your tax returns Kissimmee. You can claim reductions on certain expenses such as medical expenses, educational expenses, business expenses and charitable contributions. Keep receipts of such expenses with you and show it to your tax preparer Kissimmee to claim the reductions and reduce the tax liability.
Tax Preparation Kissimmee Needed Document 4 – Proof of Disaster
If you are a victim of unfortunate circumstances such as burglary, blackmail, extortion or embezzlement or had your property or assets destroyed by natural disaster, you can claim reductions through certain provision in tax codes. These tax codes are formulated to help you recover from the unfortunate circumstances you have faced. To claim the rebates, show the proof of destruction or crime to your tax preparer Kissimmee.
Tax Preparation Kissimmee Needed Document 5 – Payment Method
If you have all of your tax papers and documents ready to file before April 15th, you can claim an early rebate. Your tax preparer Kissimmee will provide you valuable information as to the rebates you can claim by paying your taxes early and through selected payment methods such as credit cards and online transfers.
If you need more information about our accounting and tax services, please contact us at 407-344-1012. Freedomtax Accounting’s staff has been providing honest accounting services and tax services for 15 years. Our Orlando accounting and tax firm has its main offices in Kissimmee, FL. Our services are provided nationwide, but mainly in the Central Florida market to areas like Orlando, South Orlando, Kissimmee, St. Cloud, Poinciana, and Hunters Creek, FL. Our tax accountants and IRS enrolled agents (irs ea) specialize in corporate accounting and bookkeeping, tax services, tax preparation, back taxes help, tax debt relief, tax resolution, tax planning, itin numbers, incorporations, and non profit 501c3 tax exempt status applications.