This marks when the IRS will begin accepting and processing 2023 federal tax returns.

To ensure you’re able to complete your tax return on time, the IRS requires all employers to send you a W-2 no later than January 31 following the close of the tax year. Generally, this means W-2s get sent by January 31, but you won’t necessarily receive your form by this date.

Various 1099 forms, and forms 1099-NEC,1099-MISC, and 1099-K are used to report payments that typically don’t come from an employer, such as if you work as an independent contractor, gig worker, or self-employed person or if you receive income such as interest, dividends, prize winnings, rents, royalties, or brokerage account transactions. If January 31 falls on a weekend or holiday, these forms are due to be sent the following business day.

If you chose to claim an exemption from your employer withholding taxes from your paycheck last year by filing a Form W-4, you’ll need to re-file the form by this date. You would file this exemption request if you anticipate having no tax liability this year and had none in the previous year.

If you turned 73 in 2023, you have until April 1, 2024, to take your 2023 required minimum distribution (your first required distribution) from your retirement account. After passage of the SECURE Act 2.0 in 2022, if you turned 73 years old on or after 2022, you don’t need to take RMDs until you reach age 73.

The tax deadline typically falls on April 15 each year, but can be delayed if it falls on a weekend or holiday. Missing the tax deadline can have consequences like penalties and interest.

The tax day deadline is also the last day to file Form 4868 requesting an extension to file your individual income tax return. If you won’t be ready to file your tax return by tax day, make sure you instead complete an extension request, granting you the ability to delay filing a completed return until October 16, 2023. But remember, even if you choose to file an extension, you are still required to pay any taxes you may owe by the April deadline.

For individual income tax return filers, this also marks the final day to make contributions to your IRA or HSA for the 2023 tax year. After this date, you generally can’t make contributions for the previous tax year.

Making estimated tax payments means that you need to estimate how much income you’re likely to make for the year and determine how much you will owe to the IRS for income taxes. You can use IRS Form 1040-ES to calculate how much tax liability you’ll have for the year. IRS Publication 505 contains all the rules and details you might need to know about how to calculate this amount. If you overestimated how much tax liability you’d owe for a year and are due a refund, you can choose to receive that money now or apply the overage to the following year’s quarterly tax payments.

Despite the IRS referring to these payments as quarterly estimated taxes, the due dates don’t necessarily fall within “quarters” nor do they each represent three months of tax payments. They represent an equal quarterly share of your estimated income tax liability paid at uneven intervals. The first payment occurs 3 and a half months into the year. The second payment is five and a half months; the third payment is eight and a half months, and the fourth payment is due 12 and a half months after the year starts.

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If you chose to file an extension request on your tax return, this is the due date for filing your tax return.

After taking your first RMD (for 2023) by April 1, 2024 if you turned 73 in 2023, you also need to take your 2024 RMD by the end of the year. This is also the deadline if you are otherwise required to take an RMD for 2024.

This represents the final quarterly estimated tax payment due for 2024. If you choose the option to pay 100% of your previous year’s tax liability, any unpaid taxes will be due when you file your 2024 individual tax return by the April 2025 deadline.

If married; Provide Spouse’s Info

•Legal name (as listed on social security card) • Occupation •Date of Birth.

If you have Children, for each child:

• Legal Name • Date of Birth • Social Security Number.

Copy of Driver’s License and

If married:

Copy of Spouse’s Driver’s License i

Summarize Deductions: • Medical Expenses • Auto Excise Tax • Interest on Mortgages and Home equity Loans (attach applicable 1098 Forms) • Mortgage Insurance Premiums • Real Estate Taxes • Casualty and Theft Losses • Cash and Non-cash Charitable Donations (attach receipts for non-cash donations).

Prepare a spreadsheet with

• Date you bought “each” item that was sold • Total purchase price of “each” item sold • Note: Do not assume your cost information is provided on Form 1099B. Review all your stock sales on form 1099B to ensure you have the purchase date and cost information for each stock or mutual fund sold during the year. • All 1099B forms, we need them during your appointment.

Indicate the amount of any applicable after-tax Traditional IRA contributions you made over the years.

Provide Each Providers’:
•Name •Address •Federal Id Number or Social Security Number •Amount Paid.
Provide for each child cared for:
•Name •Total Amount Paid. •If you use a Nanny Tax Service to handle the employment taxes, please provide your Completed Schedule H

Cover page with: •Summary Gross Self-Employment Income during the year •Applicable expenses categorized and summarized by the Type of Expense (i.e. advertising, equipment, supplies, etc.)

Cover Page Income statement showing •Gross Rental Income you received •Applicable Expenses categorized and summarized by the type of expense (i.e. advertising, mortgage interest, real estate taxes, repairs, maintenance, condo fees, etc). •Date when you started renting the property, •How much you Originally Paid for the property.

If you used the property as a Vacation Home

•Total number of days you personally used the property during Tax Year.

•Calculate the square footage of the area used for business. In addition, we will need to know the date you began using the space for business, how much you originally paid for the property and a summary of your utility expenses (gas, electric, oil, condo fees, landscaping, snowplowing, maintenance, etc), major home improvements and direct office expenses (repairs, business phone, etc).

Such as Bank Accounts, Brokerage Accounts, Foreign Partnerships, etc. where Total Value of Foreign Assets was more than $50,000 ($100,000 if married) on the LAST DAY of the tax year or more than $75,000 ($150,000 married) at ANY TIME during 2023, please complete and bring Form 8938. Download Form8938

See what you need at here.

• VISA and Passport •Cover page with: Permanent Address where you are a citizen and F-1 or J-1 VISA number. / Actual dates Entered and Left the United States during the Tax Year./ Number of days you were in the United States for the last three years.

Provide the Date Paid and Amount Paid of all Federal and State estimated Tax Payments.

so that we can obtain your Direct Deposit information.

you received not mentioned above.