Effective Tax Preparation

Welcome to tax season! For the most effective tax preparation, be prepared! I believe that I have the most easy and effective tax preparation system available. I guarantee clients “ease and effectiveness,” so they pay the lowest legal taxes with the least effort and reasonable tax preparation fees.We offer clients:

  1. Preparation by a tax professional’
  2. professional software, Intuit’s Proseries Professional, which provides a Tax Organizer to make sure you don’t miss a thing!  (Intuit is the maker of Turbotax, Quicken, and Quickbooks).
  3. I and only I offer my clients Tax Mastery© my custom tax program that shows them how to pay the lowest legal taxes.

To do that:

  • Make sure that your preparer, whether a CPA or not, has considerable tax training and experience and spends the majority of his time with tax matters..
  • Send your preparer a completed Tax Organizer with all required documents: W-2’s, Form 1099’s, Form 1095-A, etc.Don’t send documents piecemeal.
  • Meet personally with the tax preparer and discuss needed decisions.
  • Provide birthdays for taxpayers and dependents.
  • Review all credit card and checking statements for tax-related items.
  • Don’t duplicate tax information on the organizer.
  • Round entries to the nearest dollar.
  • If you have a list that adds up to an entry in the Organizer, explain it.
  • If you buy or sell an investment or a business asset, list its date purchased cost, selling price and sale date.
  • List each charitable gift and date, the name of charity and its address. Describe gifts of property and cost.
  • Provide closing statements for new or refinanced mortgage loans.
  • If you are an employee with job-related expenses, list Employee (Miscellaneous) deductions. Your preparer should have plenty of ideas for these. I offer my clients checklists for these and many other deductions.
  • If you have a Business, its revenue and expenses are reported on Schedule C, not Schedule A.
  • If you have rental properties identify their rent and expenses separately. List the cost and date of rental use.
  • For each business vehicle, enter business mileage and total mileage.
  • For dependent care, list the provider’s name, tax number & address.

With more than thirty-five years of experience, there is so much more I could say. Furthermore, with my one of a kind Tax Mastery© program I can give you advice designed just for you to help you pay the lowest legal taxes. Call today for an appointment.

About Wis Laughlin

I help clients with tax preparation and IRS representation, estate planning, and complex contracts, including LLC's. As a former IRS tax attorney in their National Office. Law.com picked Wis in 2017 and several prior years as one of the Top Tax and Estate Lawyers in Tennessee. I am your advocate, not your accountant. I don't tell you what you can't do. I show you how to do it.
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