The best tax return is the results of
a partnership effort--with each partner bringing to the table unique knowledge. We certainly do not expect
you to know what we know about tax law and procedures. But you have the knowledge which is the most crucial
to the preparation of your personal tax return. You have the knowledge of your income, expenditures
and your personal and business circumstances.
Unless we do your accounting, only you know your income
and deductions. And you must keep the records needed for the proper preparation of your tax return.
Among those records must be what the law requires as evidence of your income and deductions.
And the law changes. What constitutes taxable income
changes. What constitutes allowable deductions changes, and what constitutes evidence also changes.
The Tax Almanac provides excellent
up-to-date information in plainly written language on income and deductions and tax law changes (see the link below). It
helps you to prepare to have your taxes prepared. There is also a link to the IRS which provides more detailed information,
although in a more legalistic language.
Please visit these sites right away and bookmark
them. Visit our site and the Tax Almanac regularly to keep up to date on changes in tax laws and record
keeping requirements. Stay Informed so that you keep the records you need to keep in order to have the lowest tax
liability possible.
