Tax Season is upon us. 

Per my tip in the past, you and I have been squirreling away statements and tax documents since early January.  It's time to open that stash and determine what is still missing.  Do you have your W2(s)?  Have you received your 1099-INT from your bank savings account?  Your 1099-DIV from your stock broker and/or mutual funds. 

Are you expecting a K-1 from a partnership or small business?  Those are not due until mid-March.  You may be waiting a long time for those.

Have you called your CPA or purchased your tax software?  I used a 25% coupon for Office Max and purchased HR Block software (aka Tax Cut).  I have loaded it on my laptop and have received updates.  I have started entering things on our personal return.

The business side still waits for my attention.  The software has promised an important update later this week.  I think I will wait until then.  I have printed off our balance sheet and income statement.  I have run a couple of accounts in General Ledger format.  We received our 1099-MISC from our large client on Saturday.  I have balanced the bank account.  I'm ready to go.

Our business will spin off our K-1 which we will need for our personal return. 

'til later