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Tax Return Organizers
Tax return
organizers are only available for individual income tax returns, Form 1040.
Businesses and other entities -- corporations (1120), S-corporations (1120S),
partnerships and LLCs (1065), trusts (1041) and non-profits (990) -- must have
their data properly entered and balanced in
QuickBooks and a copy of the data file sent in to be used for tax prep. See
more details on how
to send us the data files.
For individuals who have taken our advice and have their info entered into
QuickBooks, there is some confusion as to whether they still need to work with
the organizers.
You don't need to enter in the organizer anything that is already in your
QuickBooks, such as income and expense amounts. We will get all of that directly
from the QB file.
We do need you to answer the questionnaire and enter any info that isn't in
QuickBooks, such as non-cash donations and vehicle mileage, as well as the
personal and dependent info.
Before sending us your QuickBooks data, please look over the Profit & Loss and
Balance Sheet reports for the year being worked on and verify that everything is
posted accurately and the accounts are properly reconciled. I will be quickly
checking for obvious errors; but I don't have time to verify every single entry.
KMK
This page was last updated:
Sunday, October 07, 2007 03:45 PM
Ozarks Time by KMK
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