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On Point Tax & Accounting, LLC Engagement LetterThank you for choosing On Point Tax & Accounting, LLC to assist you with your 2023 taxes. This letter confirms the terms of our engagement with you
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How to fill out tax preparation and year-round

01
Gather all necessary documents such as W-2 forms, 1099 forms, receipts, and any other financial records.
02
Choose whether to prepare your taxes yourself or seek the help of a professional tax preparer.
03
Organize your documents and information by category to make the process easier.
04
Fill out the tax forms accurately and completely, double-checking all information before submitting.
05
Consider filing electronically for a quicker and more efficient process.
06
Keep track of important tax deadlines and consider year-round tax planning to minimize tax liabilities.

Who needs tax preparation and year-round?

01
Individuals who earn income through wages, self-employment, investments, or other sources.
02
Business owners who need to report business income and expenses for tax purposes.
03
Those who have experienced major life events such as marriage, divorce, or the birth of a child.
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Anyone who wants to ensure compliance with tax laws and maximize potential deductions and credits.
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Tax preparation is the process of preparing and filing income tax returns, while year-round refers to managing tax-related documentation and planning throughout the entire year, rather than just at tax season.
Individuals and businesses whose income exceeds certain thresholds set by the IRS, as well as those who have specific tax situations such as self-employment income, are required to file tax returns.
To fill out tax preparation, gather all necessary documentation including W-2s, 1099s, and other relevant financial information, then use tax software or a tax professional to complete the forms accurately.
The purpose of tax preparation is to accurately report income, claim deductions and credits, and ensure compliance with tax laws in order to minimize taxes owed or maximize refunds.
Tax preparation requires reporting income, deductions, credits, and financial information including bank interest, rental income, and any other taxable earnings.
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