How Clients Should Gather Their Papers for Taxes

Woman holding paper at deskThey don’t have to eat the rhino all in one bite.

By Barry J. Friedman, CPA

Don’t let your clients find themselves frantically searching for information they need to file their tax returns at the last minute. Help them reduce filing difficulties and possibly their tax bills by knowing what documents to have at your fingertips.

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Most of the papers they need to document the income, interest and withheld taxes they report arrive in your mailbox in January, with investment-related 1099s often coming in February. They can get ready for that arrival by creating print and online folders. It’s a good idea to create a paper and an email tax folder for messages relating directly to tax information.