Not sure if you have everything to file your taxes?

Every tax return is unique to each individual and to each business. In order to make sure your return is completed as soon as possible, here are some tips to prevent delays in the preparation process.

Important items to complete to prevent processing delays

To prepare your tax return, the following information contains a list of items to review and complete prior to sharing with your tax preparer, if applicable:

• Prior year tax return, if needed

• Identification information, if any changes

• Income & Expense information:

  • W-2’s, Form 1099 Misc, NEC, Int, Div, R, G or other

  • Health Insurance coverage Form 1095 A, B or C

  • Form 1098 for mortgage and/or tuition

  • K1s from partnerships or trusts

  • Records of sale of stocks or bonds

  • Sale or purchase documents for real estate

  • Sale or purchase documents for business assets

  • Donation receipts

If you are meeting with a TBC Tax Team member, you would also need to have completed:

• TBC Authorization Form: Entity (2022 Taxes)

• TBC Authorization Form: Individual (2022 Taxes)

More tips on how to prevent delays:

• Opt in to file electronically

• Report all taxable income

• Check for correct spelling of your name, birth date and Social Security number

• If you are receiving a direct deposit, make sure it is being routed to the correct account

• Make sure all information is mailed to the correct address

• File for an extension, if needed

Please remember, always keep copies of your tax returns and supporting documents. Not sure how long to keep them for? Here is some information to help you sort through what to save.

Interested in learning about more products that TBC offers, ask your tax preparer that could help streamline your tax filing process. They’d be happy to help!