4. What documents should I bring to my first appointment with an accountant or tax preparer?

When meeting with an accountant or tax preparer for the first time, it’s crucial to bring all relevant documents and information to ensure they have a comprehensive understanding of your financial situation. This may include:

• Personal information: Social Security numbers for yourself and dependents, birthdates, addresses, and contact information.
• Income documents: W-2 forms, 1099 forms, income statements from investments, and any other documentation of income sources.
• Deduction and credit documentation: Receipts for deductible expenses, such as charitable contributions, medical expenses, and education expenses. Proof of eligibility for credits, such as child tax credits or education credits.
• Business records: If you own a business, bring business tax returns, financial statements, bank statements, and records of business expenses and income.
• Previous year’s tax returns: If available, bring copies of your previous year’s tax returns to provide a context for your current financial situation.