Important 2021 Tax Documents

There are important 2021 tax documents that ALL taxpayers need to pay attention to! The deadline is fast approaching, and we recommend to not file late, but to also not file prematurely. Organized tax records make preparing a complete and accurate tax return easier and may help taxpayers find overlooked deductions or credits https://www.irs.gov/credits-deductions-for-individuals. The tax documents include but are not limited to: forms W-2 from employer, forms 1099 for record that an entity paid you money, other income documents and records reporting virtual or crypto currency transactions, healthcare information forms 1095, child tax credit or letter 6419, and Economic Impact Payment (letter 6475). These may or may not apply to you, and there could be other factors to consider. If you need guidance on what type of information you will need to prepare your 1040, please feel free to obtain the FREE tax organizers on https://www.xqcpahouston.com/tax-preparation-1040. Feel free to also check out our tutorial on https://www.youtube.com/watch?v=IoFFNr5nUYQ. Once you gather all the paperwork necessary, then filing your taxes should be a lot easier and you will be ready before the deadline. If you have any questions or concerns, feel free to reach out to us and we will be happy to help! Thank you, and we hope you have a successful filing process!