Even some taxpayers with complex returns do the “shoe box drop”when meeting with their tax preparer during filing season. But simply handing your preparer a pile of receipts and records will cost you two ways: you’ll spend more money on the tax-preparer’s fee and you’ll likely pay more income taxes than necessary.
Advice: Put your tax-return preparer in the best position to help you. You’ll save time and money by following these five steps before you meet with your preparer this year:
1. Organize your records. Don’t expect your preparer to unravel your collection of receipts, credit-card slips and other paperwork. Arrange for a meeting early in tax-return season to cover all the bases. Then provide the requested information and documentation in a neat and logical order.
Tip: In that initial meeting, bring along relevant articles clipped from Research Recommendations. Pinpoint the tax strategies you...(register to read more)