Federal Income Tax Preparation Services: Stephen Nelson CPA, Redmond WA Accountant

Federal Tax Preparation Services & Tax Help

A key part of my practice is providing federal tax preparation services and tax help. Specifically, I provide federal tax preparation services and tax help for C and S corporations, partnerships, trusts and estates, limited liability companies (LLCs), sole proprietorships, and individuals.

If you want me to prepare your partnership or corporate return, simply call me and we'll together figure out what I need to do your return. (For starters, you'll want to get me a complete set of financial statements for the year, the previous year's return, and your fixed assets records.)

If you want me to prepare your individual tax return, call me to make an appointment and then collect the information identified in the list that follows:

Your federal and state income tax returns from last year.
The names, social security numbers, and birthdays of any dependents you intend to claim on your return.
Any W-2s or Form 1099s, together with records of any other compensation received during the year.
Any Schedule K-1s you received from partnerships, S corporations, estates or trusts of which you are an investor or beneficiary.
Business income and expenses from any unincorporated business you operated during the year (sole proprietorship).
Details as to any investment property, including stocks, bonds and real estate, you sold during the year. In addition to the type of property sold, I will need the purchase date, number of units purchased, purchase price, sale date, number of units sold, and sales price.
Details as to any other sources of income, such as income from rents, royalties, trusts and estates, farming, unemployment compensation, social security benefits, and any other income received during the year.
The date and amount of contributions made to an Individual Retirement Account (IRA), Roth IRA, Simplified Employee Pension (SEP) or Keogh, the name of the institution maintaining the accounts of such plan, and your account number.
The dates and amounts of any distributions you received from retirement-type plans during the year.
Information about any alimony you either paid or received during the year, as well as any child support and medical expenses not reimbursed through insurance or otherwise.
Significant medical, dental or medication expenses not reimbursed by your health insurance.
Any other "non-income" taxes you paid during the year, including federal and state income tax, self-employment tax, real property tax, and personal property tax (such as on a boat or car).
The statement (Form 1098) furnished by your mortgage interest lender. If you purchased a residence or refinanced a mortgage during the year, bring the settlement sheet, which will reflect any interest charges paid at settlement, including "points."
If you sold a personal residence during the year, I will need the closing statement from the sale, and similar information about any replacement residence that you purchased.
Any gifts to churches or other charities, in cash or property, the names of such charitable organizations, and any receipts for your contributions. Also, if you used your personal vehicle in performing services for charitable organizations, I will need records of your mileage.
Any losses due to casualty or theft, together with any insurance reimbursements received.
Employee business expenses incurred during the year which were not reimbursed by your employer, such as work-related entertainment, travel or educational expenses.
Records relating to any other deductible expenses, such as moving expenses, professional dues, student loan interest payments, tax return fees, investment fees, and gambling losses.

Note - The above material is easier to collect that you might think. Most of the items come in an envelope marked "important tax document."

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