To avoid processing delays when submitting your tax return to the IRS, we will need certain items to comply with IRS guidelines that have been established and enforced on tax preparers before electronically filing your return:
– If claiming the Earned Income Credit or the Dependent Care Credit:
- Your birth certificate, social security card, healthcare provider statement, daycare provider statement, insurance card, etc. would suffice as acceptable documents
- You must have the IRS Letter documenting the 2023 Advance Child Tax Credit you received
- Daycare provider statement that shows the provider name, address, telephone number, amount, and the name of the child
- Noncustodial parents (where the child does not live throughout the tax year) who wish to claim their child will need to get a Form 8332 completed by the parent where the child resides to claim the dependent on their return or a signed letter each year releasing authorization to the noncustodial parent
– If your filing status is head of household, you will need to provide proof of the following:
- Proof of residence such as mortgage statement, lease agreement, utility bill, etc.
- Need to know how many people are in the household
- We need to know you if you are married, divorced, or separated at the end of 2023; if you are married and filing head of household (which you are allowed to do), we will need to see proof that you have your own residence (one acceptable documentation will be lease rental agreement or mortgage statement showing the address)
– If you are claiming the Education Credit, you must present documented proof:
- Form 1098-T
- Documentation of spending for books and supplies (receipts)
- We also need to know the year completed (1st year, 2nd year, etc.) as of the end of 2023
– You must have the IRS Letter documenting the 3rd Economic Stimulus Payment you received (if we do not put the correct amount in, your return will be delayed)
– If you had insurance in the marketplace for you and your family, we will need your form 1095-A. The form will be in your healthcare.gov online account under messages. These forms have been updated as of 1/5/2024 in your respective online profiles at the healthcare.gov website
– Brokerage Stock accounts (TD Ameritrade, Fidelity, Robinhood, etc.) we will need your form 1099-B from the brokerage company to record your transactions
– Cryptocurrency: If you have invested in the crypto market, you will need to report that to the IRS; on the other hand, if you sold cryptocurrency, you should receive a Form 1099-B to report those transactions
– Foreign Account Ownership: If you have any bank accounts, property, interest in any foreign assets, you will need to report it to the IRS; if the value of those assets or more than $10K US equivalent, we will need to complete an information return recording that information
– Charitable Contributions: We need the statement from the charity to support the deduction
– If you are a sole proprietor or a single-member LLC, we will need you to produce documentation of your business (please see attachment)
Please remember we are working by appointment only and Virtual appointments are available.
Call us to schedule your appointment at 954-720-8300.