Posted July 18, 2018
Here is a quick list of the necessary steps to have The Watson CPA Group prepare your tax returns. Important dates and considerations during the tax extension season-
|Individuals / C Corps
1040 / 1120
|Partnerships / S Corps
1065 / 1120S
|Tax Documents Due||Mon, Sep 24
||Mon, Aug 24
|eFile Authorizations Due||Mon, Oct 8
||Mon, Sep 10
|Filing Deadline||Mon, Oct 15
||Tue, Sep 17
Our normal turn around time after receiving everything we need is 7-10 days. We will update you with email and text alerts along the way. During tax season, we have a soft-close at 3:01PM on Fridays to enjoy some chips and salsa, and to unwind a bit. Our tax season drink is the Moscow Mule with cucumber and grapefruit vodka- stop by and join us. Apparently having fun before 3:00 is frowned upon in our establishment. Back at it on Saturday!
Put a face to the name and voice- 2017 Tax Team
What a good-looking crew! Here we go-
Left to right: Mayzie Brown CPA, Owen Zaiger, Sally Rhoades CPA (back row), Christina Read, Dan Abdelnour, Karen Pleshek, Kelly Mott, Dija Meddah, Tina Watson CPA (back row), Stephanie Huston, Jason Watson (back row), Kelly Fowler (sitting), Brittney Hernandez, Marchyll Jones, Andrew Gordon (back row), Bryan Rossmanith, Becky Callahan (sitting), Mandy Anderson, Brian Baum, Lana Rollins, Trevor Patten (back row), Amanda Rowles and Jessica Aligaen.
Dija just passed the last part of the CPA exam and Brian has one more part to go. Congratulations!
1. How Does It Work
The buttons below will take you to a simple, customized online submit form for you to seamlessly send your information. This ensures a comprehensive tax return and an economic tax preparation fee. All submissions are uploaded to your Client Portal within 24 hours for historical safekeeping. You will receive an email and a text alert letting you know we’ve received it. Communication is key!
The Watson CPA Group takes the security and safety of your personal information very seriously. Please read our security and privacy procedures.
2. Gather Your Tax Documents
These buttons link to a PDF which provides a quick checklist of the items we will need to complete your individual tax returns (businesses are next). We cannot emphasize enough that reviewing these checklists will ensure accuracy and completeness.
Business owners, such as partnerships and corporations, have unique tax needs simply because most of the tax documentation is generated by the business owner. Please use the following buttons for important checklists and templates for business tax return preparation.
The Taxpayer Mistakes PDF is not necessary for the preparation of your tax returns- it is just a fun read in your spare time.
3. Contact Information
Please update your contact information. Even if you are a returning client, please confirm your phone numbers and email addresses. Also, the IRS and several states are requiring that a government issued ID be electronically submitted with your tax returns to curb identify theft. Use the button below to securely provide this information to us. We cannot file without it (sorry).
4. Tax Organizers
Each button below takes you to a fillable PDF tax organizer to provide us critical information for the completion of your tax returns. Our tax organizers are home-grown and specifically designed to be a) efficient and b) educational as we take you through the various tax matters that affect you.
You may also print and complete a blank tax organizer produced by our tax software- 29 pages of pure pleasure (we believe our online submit forms are easier and more comprehensive).
Please review the miscellaneous questionnaire form below. Divorce stuff, investment expenses, tax payments, etc. can be detailed and submitted.
5. ACA and Tax Questionnaire for 2017
The ACA Questionnaire is required for all tax returns (sorry, not our rules). Also, please review the Tax Questionnaire- these simple Yes / No questions ensure your tax returns are comprehensively prepared given the recent changes in tax code.
6. Supplemental Worksheets
Please complete the following Supplemental Worksheets that pertain to your situation. Each online worksheet is also available in PDF, but it is not fillable. Sorry. We suggest printing it, making notes, and then submitting it via our online submit forms or scan, fax or mail.
7. Client Engagement Letter
The IRS and our Professional Liability Insurance provider are getting more stringent on Client Engagement Letters. We have created an easy online review and acceptance form. Seriously, it is easy.
8. Send Us Your Tax Stuff
This is the best part. You can scan and upload to the client portal, fax, mail or take a road trip.
Contact us to receive login instructions to your Client Portal. If you have already chatted with us, you should have received two emails- a welcome email, and another with login instructions. Check your junk folder too. Use the button below-
We receive a notification that you have uploaded files.
Send a File
You can also securely send us your files by using Send A File. Please use your name and a brief description as the file name such as ‘SmithJohn-W2’. These files will be placed in your client portal. Use the button below-
Similar to the client portal, we receive a notification that you sent us files.
All faxes will be transferred to your client portal as a PDF. We will email you with the number of pages received, and send a follow up text.
Mail, Road Trip
Please retain your originals and send or bring copies to:
Watson CPA Group
9475 Briar Village Point Suite 325
Colorado Springs CO 80920
We have a strict requirement for all road trip drop-offs to include donuts. Sorry for the inconvenience.
9. Tax Return Review and Filing
You will receive an email and a text message alerting you that your tax returns are ready for your review. What does that mean? And what happens next? Both great questions. There are two review checklists, one for individual tax returns and one for corporations and partnerships.
10. Cross TAXES Off Your Chores List
Book that summer vacation and let us know where.. we need some ideas for April 18! Yes, the 2017 filing deadline is Tuesday, April 17. Yuck for us. Good for you.
11. Light Reading
Here is some light reading about some popular topics.