Thursday, April 18, 2013

Preparing for your Naperville Tax Preparation Session

So, you’ve made the decision to hire an accountant. Congratulations are definitely in order! Because of this choice, you’ll be sure to have your taxes filed correctly, on time, and in a way that will benefit you as much as possible. Make sure you don’t show up to your Naperville tax preparation session empty-handed, however. Your accountant will likely let you know if any special or unusual documents are required, but outside of that, there are some items that just about everyone needs to have on hand. The first and most simple is some form of identification. For most people, this takes the form of a driver’s license. If you don’t have a driver’s license, a state-issued ID or a passport will do the trick. School IDs, library cards, and the like are not suitable as identification. You may or may not need your social security card at your appointment, but definitely know your social security number and the social security numbers of any dependents you plan to claim.

If you have a traditional full-time or part-time job, your employers will send you a W-2 form each year. Make sure you bring this form with you to your appointment. There are separate forms for contract employees or the self-employed, so make sure you know where you fit in and that you bring your own required forms. Some contractors or self-employed individuals will be responsible for keeping track of their own earnings and other information, and if this applies to you, be sure to bring in relevant records that are as clear and detailed as possible.

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