Here we are at the beginning of another year! Every year seems to go faster than the previous.
The best season of the year is here: tax season!
I hope you had nice holiday celebration and ready to work, or maybe you have worked, on gathering the information needed to prepare your 2015 tax returns. I know that it is your priority as the year starts. Then you just wait for the tax forms to arrive in the mail or in your in box, and then you’ll deliver the package to your tax accountant who will be so happy to see you and your documents. Isn’t that great? Yes, it is!
As eager as you may be, slow down a bit, and make sure that your tax forms are accurate before you deliver them to your tax accountant. You also should check your charitable contribution donations. Remember that for each donation above $250 you must have a written receipt stating among other things that you did not receive any product or service in exchange.
We’ll happy to assist you in putting together your package. Otherwise, happy tax season!
Julia Chong, MST, CPA