Page 24 - AreaNewsletters "Jan2023" issue

PRO ACCOUNTING
AND TAX SERVICES, LLC Janell D. Ball, Accountant
Castle Rock, CO 80108
(303) 324-8617 Work
(303) 223-3303 Fax
proaccountingtaxservices.com jdball65@gmail.com
by Janell D. Ball
Pro Accounting and Tax Services, LLC
Tax Tips
As we head into the next tax season for year 2022 some items you need to consider for helping you gather or capture your tax documents all in one place. Being in the technology era you could consider moving your record keeping system to the cloud via drop box or iCloud or whatever internet-based system you prefer or trust.
Taxpayers should incorporate a system to keep your records all in one place either byelectronicorpaper. Thisincludesyear- end income documents like Forms W-2 from employers, Forms 1099 from banks or other payers, Form 1099-K from third party payment networks, Form 1099-NEC for nonemployee compensation, Form 1099-MISC for miscellaneous income, or Form 1099-INT if you were paid interest, as well as records documenting all digital asset transactions.
Ensuring their tax records are complete before ling helps taxpayers avoid errors that lead to processing delays. When they have all their documentation, taxpayers are in the best position to le an accurate return and avoid processing or refund delays or IRS letters.
Take it with you when you go.
• Show that coupon on your phone • Make a restaurant reservation
• Find that business’ number
• Send an event to a friend
• Call the babysitter listed • Go to speci c websites
or send an email
AreaNewsletters.com
Investment Advisory Services
o ered through DWM Family Wealth Ltd.
Dan Maurer CEO/Owner
303-814-2349
Dan@DWMFamilyWealth.com
January 2023 • Castle Rock “AreaNewsletters” 24
B U S I N E S S & F I N A N C E