- Posted by Randy Clark
- On January 28, 2015
- 0 Comments
The key to successfully solving your tax problems... COMMUNICATION We can't emphasize this enough. Good financial communication is often what separates those who settle their tax issue quickly and efficiently and those who's problems only seem to compound over time. What's important is to communicate well with both yourself and your tax representative, as it's the path that you choose together that will be brought to the IRS, and the more detailed that plan is, the better. Just like most endeavors, it's best to define a successful outcome as early as possible. This usually involves letting your representative perform a financial analysis and then present you with alternatives which the two of you can discuss as you weigh the pros and cons of each. However, for the financial analysis to be accurate and useful you MUST provide them with accurate and timely information. When you buckle down and decide to handle your tax problem head one, there are a few documents you should be ready to gather and present.
- Bank Statements (Both business and personal)
- W-2 or a current paystub
- Brokerage statements if applicable
- Verification of loan balances