It’s Time to Review Your Tax Returns

During the months of March and April, 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 estimated taxes;
  • Additional ways to reduce your tax liability for this year; and
  • Possible omissions or mistakes made by the tax preparer.

It is opportune to review your tax returns now because there is still time to address issues before next year (and you may have time to amend returns if needed).

Reviewing tax returns can be daunting and difficult given the many state and federal complexities and often changing rules. Tracking your exposure to various taxes (e.g., ordinary income tax, capital gains tax, the alternative minimum tax, the net investment income tax, etc.), and your rights to various credits and deductions requires time and effort.

To assist you in reviewing your filings, we have a checklist for retired taxpayers [link to your white-labeled version from your website or Google Doc] and one for taxpayers who are still working [link to your white-labeled version from your website or Google Doc]. Each checklist outlines nearly two dozen considerations to help guide you through your returns and circumstances.

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