Tax Services in Naples FL Se Habla Español
GDS Tax filling, tax information, Bookkeeping
Tips to help you for your Appointment
Gather and organize tax Documents
§ The IRS urges all taxpayers to develop a record-keeping system − electronic or paper − that keeps important information in one place.
§ Taxpayers should confirm that each employer, bank, or other payer has a current mailing address or email address. Typically, year-end forms start arriving by mail – or are available online – in January. Review them carefully and, if any of the information shown is inaccurate, contact the payer right away for a correction.
§ To avoid refund delays, be sure to gather all year-end income documents before filing a 2021 return. Filing too early, before receiving a key document, often means a taxpayer must file an amended return to report additional income or claim a refund. It can take up to 16 weeks to get an amended return refund.
Renew expiring tax ID numbers
§ Taxpayers with expiring Individual Taxpayer Identification Numbers can get their ITINs renewed more quickly and avoid refund delays next year by submitting their renewal application soon.
§ Be sure to include all required ID and residency documents. Failure to do so will delay processing until the IRS receives these documents.
§ Taxpayers who fail to renew an ITIN before filing a tax return next year could face a delayed refund and may be ineligible for certain tax credits.
Be prepared to use Direct Deposit for refunds
§ With Direct Deposit, a refund goes directly into the taxpayer's bank account. No need to worry about a lost, stolen, or undeliverables refund check.
§ Direct Deposit is easy to use. Be sure to have bank account and routing numbers handy and double check entries to avoid errors. A blank voided check is best to gather this information.
Required documents to file:
§ Social Security Cards for everyone included in the return.
§ Copies of Driver’s License or State IDs
§ Proof of Residence for dependents claiming EIC.
Income documents:
§ W-2 for you and your spouse
§ Investment income-1099 (-INT, -DIV, -B, etc.), K-1s, stock option information
§ Income from state and local income tax refunds and/or unemployment: forms 1099-G
§ Business or farming income-profit/loss statement, capital equipment information
§ Rental property income/expense-profit/Loss statement.
§ Income from sales of property-original cost and cost of improvements, escrow closing statement, cancelled debt information (form 1099-C)
§ Prior year installment sale information-forms 6252, principal and Interest collected during the year, SSN, and address of payer
§ IRA/pension distributions-forms 1099-R, 8606
§ Social Security benefits-forms SSA-1099
§ If you use your home for business-home size, office size, home expenses, office expenses
§ Taxable alimony received
§ Other miscellaneous income-jury duty, Medical Savings Account (MSA), scholarships, gambling winnings, etc.
Other documents:
§ Real estate taxes paid
§ Student loan interest
§ Self-employed health insurance payments
§ IRA contributions
§ Keogh, SEP, SIMPLE and other self-employed pension plans
§ Medical Savings Account (MSA) contributions
§ Alimony paid that is tax deductible
§ Educator expenses
§ State and local income taxes paid
§ Foreign bank account information-name of bank, account number, value of account, etc.
§ Personal property taxes-vehicle license fee based on value not on weight.
§ Estimated tax payment that you have made during the year, prior year refund, and any amount paid with an extension to file.
§ Energy credits.
§ Any other document not mentioned here but you think is pertinent to the return.
Tax deduction documents:
§ Medical and dental expenses
§ Childcare costs-provider’s name, address, tax id, and amount paid
§ Home mortgage interest and points you paid Forms 1098.
§ Charitable donations-cash amounts and value of donated property.
§ Investment interest expense.
§ Education costs-forms 1098-T, education expenses.
§ Adoption costs-SSN of child, legal, medical, and transportation costs.
§ Casualty and theft losses-amount of damage, insurance reimbursements
§ Advance Child Tax Credit payment
