Tax Prep and Resolution Info

Tax Preparation Information

**Building a Brighter Future Through Expert Tax Services and Strategic Planning**

At Wade Financial Solutions LLC, we are committed to meticulously preparing and reviewing your tax return for utmost accuracy. Our thorough process includes identifying every tax deduction and credit you're eligible for, ensuring you maximize your financial benefits. We also provide insights on any aspects that might draw IRS scrutiny, keeping you well-informed and prepared.

Beyond mere preparation, we offer the convenience of electronically filing your return, streamlining the process for you. Our comprehensive review of your financial information extends to evaluating your current withholding and uncovering potential deductions, all aimed at reducing your tax liability and optimizing your financial health.

Trust us to be your guide in navigating the complexities of taxes and planning, paving the way for a financially secure future.

**Essential Documentation Checklist for Your Tax Preparation**

To ensure a smooth and efficient tax preparation process, we kindly request that you provide the following essential documents:

1. Valid Proof of Identification:

•  A current driver's license or other government-issued ID to verify your identity.

2.Social Security Cards or Verification Letters:

• Required for all individuals included on the tax return. If a Social Security Card is not available, we can assist you in requesting an Individual Taxpayer Identification Number (ITIN).

3. Date of Birth:

•  For each person to be listed on the tax return.

4. Income Documentation:

• This includes all Wage and Earnings Statements (such as W-2s, 1099-Rs, etc.) from your employers.

5. Investment Income Statements:

• Please provide any Interest and Dividend statements (1099-DIV, 1099-INT) you have received.

Having these documents ready will enable us to efficiently process your tax return with the highest level of accuracy. If you have any questions or need assistance in gathering these documents, our team is here to help.

   Your Comprehensive Tax Preparation Checklist

For a thorough and efficient tax preparation process, please ensure you have the following information:

• Dependent Care Expenses: The total amount paid, along with the provider's federal tax identification number (either a Social Security Number or Employer Identification Number).

• Charitable Contributions: The total amount donated, including the recipient organization's federal tax identification number or documentation of the donation (e.g., receipts from Goodwill).

• Mortgage and Property Taxes: All relevant mortgage interest and property tax statements.

• Capital Gains or Losses: Statements for capital gains or losses (1099-B).

• Previous Tax Returns: A copy of your last year's Federal and State tax returns, if available.

***Important Note for Joint Filers: *** Couples filing jointly must both be present to sign the required forms for electronic filing.

For your convenience, a printable version of this checklist is available here.

Tax Resolution Services

In the event of a notice from the IRS, our comprehensive review process will ensure accuracy and identify the most effective course of action. To facilitate this, please provide:

• IRS Notice/Letter: The original notice or letter received from the IRS.

• Tax Returns Under Review: A copy of the Federal and State tax returns in question, if available.

• Supporting Documentation: All documents used in preparing the tax return under review.

• Authorization Form: A signed copy of Form 2848 (Power of Attorney and Declaration of Representative) is required. Access the form here.

• Create an account with IRS.GOV.

Rest assured, we will discuss all possible options with you to determine the best course of action tailored to your specific situation.