Before you have an appointment with a tax professional, you will want to gather all of your important information and organize it the best you can for your meeting. This will help give the tax professional you are working with a clear understanding of your current financial situation. Listed below are some of the steps you should take before your tax preparation appointment:


Make A List Of Your Financial Accounts: Making a list of every account that has your name on it that has anything to do with your finances. This includes your bank accounts, all credit cards, investments, retirement accounts, and any other account your name is on that involves money. This is also a good time to close any accounts that are inactive that are in your name. Doing this will help ensure your taxes are filed properly.


Make Sure You Have All Tax Forms: Are you unsure what all documents you will need in order to file your taxes? Are you unsure which documents you should be holding onto and which documents you can do away with? Listed below are some of the most important tax-related documents that you will want to bring with you to your tax preparation appointment:


-W-2 forms

-Pay stubs for the year

-Mortgage payment stubs and/or home purchase closing statement

-Last year’s tax return (for quick reference and comparison)

-Receipts from anything you might claim as an itemized deduction

-Receipts from any charity (e.g. for church tithes, disaster relief donations, etc.)

-Car mileage log (in case of business use)

-Any receipts for business travel expenses

-Canceled checks (especially for IRA contributions and other deductions)

-Credit card statements and bank statements (to verify any deductions)

-Medical bills (especially if they exceed 7.5% of your income)

-1099-G form (for deducting state or local income taxes)

-1099 forms (from any dividends or other income paid to you)


Organize Your Information: A good idea for taxes is to keep all of your financial information in one place. If you are interested in going above and beyond, keep a digital and physical folder for all of your tax information. This will help keep you on top of what you need and will make the process of filing your taxes go much more smoothly.


Get Tax Relief For Your Business

Right now the government is rolling out federal disaster loans of up to $2 million dollars for small businesses and nonprofits that have felt a significant amount of loss because of the Coronavirus pandemic. Contact us today to learn more about how we can help your business to apply for a loan in this difficult time. We look forward to working with you and hope you are staying safe during this time!


Tax Preparation in Euless, TX

Sandra King is an enrolled agent, empowered by The United States Treasury to prepare your personal or business tax filing. While her services are offered nationwide, Sandra King locally serves the greater Dallas-Fort Worth area, including but not limited to Arlington, Bedford, Colleyville, Euless, Fort Worth, Grand Prairie, Hurst, Mansfield, North Richland Hills, and Richland Hills.



King Financial Services Inc
610 S Industrial Blvd. Suite 140
Euless, TX 76040
Phone: (800) 503-1343