|
|
You are here:
BEFORE YOU SIGN THAT RETURN...
Life is full of changes, but if you neglect to share the twists in
the path you are taking with your income tax preparer, it could mean
an incorrect tax return.
It is important to share anything that is different in your life with
your tax preparer since there are several factors that can influence
the forms used to file your federal tax return.
Here are a few important twists you should share with your tax
preparer.
If you switched jobs this year, be sure to mention it since you may
be able to deduct job hunting expenses. There may also be a change in
your insurance coverage which could lead to deducting some medical
expenses.
A recent marriage, divorce, birth or death in the family all can have
a bearing on your income taxes.
Returning to college can open up the door to some new tax credits for
education.
Capital gains received from the sale of a stock early in 1999 can be
easy to forget by April of 2000. Be sure to keep track of these
transactions and bring associated documentation with you when you
meet with your preparer.
Starting a new business creates another income tax milestone. So many
new expenses, lots of questions, and a few extra forms to fill
out.
Spending a few minutes talking with your tax preparer about how your
year has unfolded, may save you some money at tax time. Finding a tax
preparer you can trust and returning to them annually really can make
a difference in your income tax liability.
Brigitte A. Thompson, President (WAHM of Sarah 1/93 and Jacob
4/97) DATAMASTER, LLC~
You
are in > Home
> Articles
> Mommies
> Brigitte
Click
here to read more articles from this
author
About the Author:
All articles ©Copyright 1999 Brigitte A. Thompson
Brigitte is the President of DATAMASTER, LLC and has been providing
accounting, bookkeeping, income tax and payroll services since 1992.
She has also operated a home daycare for years and has written a
book
for providers :
The Home Daycare Complete Record-keeping System
you are in: home | mommies articles
Home
| Advertise
| FAQ |
Chat
| Newsletters | Forums
| Coloring Pages |
Greeting Cards
|
|
|
|
