Don’t Forget About These Important Tax Dates

The new year is in full swing and several important tax dates are quickly approaching. Therefore, in anticipation of the upcoming tax season we want to remind everyone to begin gathering any supporting documents you’ll need to prepare your tax returns. Such as:

• All W2s and form 1099s should be available by January 31st from your employers
  Brokerage statements and other non-employee 1099 forms should have a postmark no later than February 15th
• All supporting documentation should be submitted as soon as possible in order for your accountants to timely prepare and review your tax returns ahead of any scheduled appointment.

Furthermore the deadline to file Form 1065, U.S. Return of Partnership Income, has been pushed up by the IRS to March 15th from April 15th. If you file a partnership tax return please make arrangements to have these returns timely filed by the new deadline.

There’s also an important new addition for any client filing a New York tax return. It is mandatory this year that each taxpayer provide their Driver’s License ID number, expiration date and issue date. New York State has implemented this in order to combat identity theft.

Many firms offer the convenience of telephone tax reviews, in addition to face-to-face appointments. Be weary of firms who offer on the spot tax preparation. Professional, full-service accounting firms understand that a “second pair of eyes” is extremely important. Additionally, they take the time to make sure that your tax return is accurate and one time.

The new year/tax season is a great time for you to review your other financial positions, as well. Many CPAs and registered agents can provide valuable solutions for tax debt relief and resolution, insurance, property management and more.

Best of luck in the upcoming tax season. USA Tax Prep Plus is here for you and ready to help you Achieve Your American Dream!