We want to help you identify planning opportunities (and spot potential issues) with your tax returns. If we work together now, we can help identify…
- If there was a change in your finances last year, and you are paying excess estimates taxes;
- Additional ways to reduce your tax liability for this year; and
- Possible omissions or mistakes made by the tax preparer.
Now is an opportune time to review your tax returns, because there is still time to address issues before next year.
Reviewing tax returns can be daunting and difficult, given the many state and federal complexities and frequently changing rules. Tracking your exposure to various taxes – such as ordinary income tax, capital gains tax, the alternative minimum tax, and the net investment income tax – and your rights to various credits and deductions requires time and effort.
To assist you in reviewing your filings, we created two checklists: One for retired taxpayers, and one for taxpayers who are still working. Each checklist outlines nearly two dozen considerations to help guide you through your returns and circumstances.
Related: Why You Are Not Finished With Your Taxes After You File Your Return
While these checklists can help you spot great ways to identify all the different opportunities to consider, we are always available to meet with you and discuss your finances and goals and to identify what the best opportunities are for you.
You’re welcome to schedule a call with our team of financial advisors using the link below.