Checklist to Process Your Year-End Corporate and Personal Returns by Atlanta CPA

Checklist to Process Your Year-End Corporate and Personal Returns by Atlanta CPA

To assist clients/taxpayers with their year-end returns I provide clients with a checklist that they can use. To make this available 24 hours a day/7 days a week they are always available at http://www.hiscpa.com/newclient.html However as none of my clients are CPA's most clients need a bit of help in ensuring that they have all of the information needed. Below is a sample of the items of what I might send to a taxpayer who is married but opting to file Married Separately. Most always it is better/resulting in a lower overall tax bill and professional fees for all married taxpayers to file Married Jointly. Tax law states that a taxpayers marital status as of the end of the year/December 31st is the determining factor when determining filing status. Thus, for example if you were single all year and then married on December 31st, then tax law would require you to file Married Jointly. Conversely if you were married all year and then divorced on December 31st, you would not file a married return for that year. Below is a typical checklist that might be used to ensure that all data needed to prepare a return are received:

For your Returns Please get to me:

-Tax law ways business clothes cannot be corporately unless they are uniforms and are not suitable for other use. Please advise.
-For the $8500 in Operating Expenses I need to know the categories so that I might record accordingly.
-We will set your business as a cash basis taxpayer, thus revenue and expense are only taxable/deductible as received/paid. Please confirm the report you forwarded is cash based.
-Please forward a copy of the actual issued stock certificate as I need to record it for the return.
-Copies of the year-end W-2's the company issues along with the W-3.
-Please confirm if you or your wife are to claim the children.
-Please be reminded that as you are itemizing that you wife should also.
-Please advise if the business miles are added to your Business recap you provided.
-If we are going to deduct mileage then the other auto expenses should be paid personally. I recommend all of my clients use mileage as most always it is the larger payroll deduction
-Please advise if there are any cash contributions to charity.
-Please provide to me the thrift store value/flea market value of items donated to charitable organizations/501(c) such Goodwill Industries, Atlanta Union Mission, for Vietnam Veterans.
-Please confirm if/that you had no corporate business activity for 2007.
ASAP after I get the above I will finish the returns and get them out your way.

John Dillard, CPA of His CPA, PC, 1940 Woods River Lane, Duluth, GA 30097 Phone 770-814-9304 http://www.hiscpa.com/  http://www.john-dillard.com/ (All Rights Reserved)

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