It is Time to Review Your Tax Returns

What issues should you consider when reviewing your tax returns either as someone who is working or as a retiree?

Why do you want to review your tax returns?

You want to identify planning opportunities and spot potential issues. It is an opportunity to identify any omissions or errors and to find additional ways to reduce tax liability for the coming year.

Reviewing tax returns can be daunting and difficult given the many state and federal complexities and often changing rules. Tracking your exposure to various taxes (e.g. ordinary income tax, capital gains tax, the alternative minimum tax, the net investment income tax, etc.), and your rights to various credits and deductions, requires time and effort.

Don’t worry, We are here to help

To assist you in reviewing your filings, we have a checklist for taxpayers that are still working https://drive.google.com/file/d/1CA9D-PUWRm9sGtatuNL3gFKhv8cZWb5m/view?usp=sharing

and one for retired taxpayers https://drive.google.com/file/d/1cs67_Uq2g3n2dk0839w62c8ohfAOmtGd/view?usp=sharing

Each checklist outlines nearly two dozen considerations to help guide you through your returns and circumstances.

While the checklists can help you spot great ways to identify all the different opportunities to consider, I am always available to meet with you and discuss your finances and goals, and to identify what the best opportunities are for you.

Please contact me today to schedule a time to discuss this further, or schedule a time on my calendar https://calendly.com/info-myw/free-initial-meeting