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If we prepared your taxes from that year, then no, because we always return original documents. First place to look? The folder that we mailed to you once your tax return was complete. We always return original documents in that folder. If you were formerly a client of Wildboar Tax & Accounting, there should be a copy of that document in your portal. Go to the Documents section, click on the folder that lists your name, then select the folder called Source Documents. You can choose what tax year, and then you will see all the required government files. If you need something that you don’t see listed, please email us to ask if we have a copy of it. We don’t post everything that we scan, just the government documents.
If you are a new client, please bring your prior year tax return. There are many different ways to answer a question and they all depend on what tax bracket you fall into. If you are coming to talk about your business activities, a recent profit and loss statement and balance sheet make a big difference in narrowing the scope of our questions. If you do not have a profit & loss or balance sheet, a simple tally of total income received and total expenses (hopefully broken out by category) will be sufficient. Lastly, anything specific that you want to address with us, whether it be correspondence from the government, stock sale details, paycheck details for tax projections, etc.
There are some circumstances where it is appropriate to file an extension. There are several pitfalls to avoid when filing an extension:
1) Extensions tend to give procrastinators false expectations. Instead of getting us their documents a week or two later, they often wait until the last days before it is due, and then wonder why we are not working overtime to get it complete for them.
2) Many people forget that an extension is only an extension of time to file NOT an extension of time to pay...the tax is still due April 15 even if you do not know how much you owe. This means that interest and penalties often surprise individuals when they owe a significant amount.
3) We end up saying “Please don’t shoot the messenger!” more times during the extension period than the normal tax prep period.
However, there are a few good reasons to take advantage of the additional time to file, so if you simply don’t have time to collect all of the appropriate info, by all means, take an extra week or two to make sure you have a complete tax return.