There are steps now you can take to make sure your tax filing experience goes smoothly in 2022. Since 2021 was another unique year that brought new tax opportunities and regulations, we wanted to share with you an excellent article from the IRS that provides an outline of the tax records, documents, and items to consider prior to filing your tax return with your accountant.

Please take note that the following notices mentioned in the article will assist greatly in tax preparation for the tax year 2021 and should be on hand when you communicate with your accountant:

  • Letter 6419, 2021 Total Advance Child Tax Credit Payments, to reconcile advance child tax credit payments
  • Letter 6475, Your 2021 Economic Impact Payment, to determine eligibility to claim the recovery rebate credit
  • Form 1095-A, Health Insurance Marketplace Statement, to reconcile advance premium tax credits for Marketplace coverage

Click here to read the full article.

How KatzAbosch Can Help

KatzAbosch has a number of digital tools to help make your tax filing easy and secure. Please remember we have the following ways we can work with you to collect and sign your documents:

  • SafeSend Tax Returns – Securely review and e-sign your tax documents. To view the help page click here.
  • TaxCaddy – Make gathering tax documents and sharing them with your tax professional a breeze. TaxCaddy works optimally in Chrome, Firefox, and Safari web browsers. To access, click here.

If you would like to further discuss your year-end tax strategy or any of the above digital tools please mention it to your KatzAbosch representative or contact us today.

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