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Tax

Tax Planning | Tax Info

Understanding tax strategies and managing your tax bill should be part of any sound financial approach. Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts.


Completing Your Tax Organizer:
Read and review this section to ensure that you are prepared for your tax appointment.
It is extremely important that we receive your completed organizer along with copies of all supporting documents two weeks before your tax appointment. Prior to your tax appointment, we will enter your data into our system, so we may contact you for any missing information. It is our goal to have all of your information in our system for your tax appointment with our CPA. Please help us achieve this by following our guidelines for completing and submitting your organizer to our office. If we do not receive your completed organizer along with all supporting documents (or if there is missing information), we will cancel your appointment. Please only send copies of your supporting documents and keep the originals to bring with you for your tax appointment. Also bring the original completed organizer. Samples of supporting documents:

  • Forms W-2 (wages, etc.)
  • Forms 1099 (interest, dividends, etc.)
  • Schedules K-1 (income/loss from partnerships, s corp, trusts, etc.)
  • Forms 1098 (mortgage interest) and Property Tax Statements
  • 1099B (stock, bond or other investment sales)
  • Brokerage statements
  • Escrow closing/final settlement statements (for real estate buy/sell refinance)
  • Any tax notices received from the IRS or other Taxing Authorities
  • A copy of your previous year’s tax return, if not prepared by this office
  • Form 1095-A, 1095-B, 1095-C (from your healthcare company)
  • If you have any stock or option sales, it is mandatory to calculate cost basis


Filing a Tax Extension: For more information on filing a tax extension, consult this document.


Print Extension Form

Best Practices:Follow these best practices and reminders to navigate your tax season smoothly and ensure your finances are on track. IRS Scams-Many of our clients receive fake IRS phone calls. These are scams. THE IRS DOES NOT CALL OR EMAIL YOU! These fake calls usually claim you have outstanding tax balances that would put you in jail if they are not paid immediately. If you receive such a call, do not give any of your personal information. Email phishing scams are also on the rise, so please don’t answer these emails. Please call our office or call the IRS directly at 800-829-1040 to verify the legitimacy of these communications. 401K Rollover and Investment-If you’ve changed jobs and still have a 401K with a previous employer, you have options to consider (including taking the lump-sum, keeping your assets, transferring your assets to your new employer’s plan, or rolling them over to avoid heavy taxation possibilities). Let’s talk about your options! Please be sure to bring the most recent statements with you to your tax appointment. Pension/Retirement Plan Early Distributions-Be cautious when taking early distributions from your pensions or retirement accounts. If you are contemplating doing this for any reason, including purchasing a new home, please call our office to schedule some tax planning and to calculate your needed withholdings. It is most important to see the “full cost vs benefit” of such a decision. Discovering this a year later at your tax appointment could have surprisingly devastating results. A little tax planning ahead could prevent some unnecessary heartache and severe tax consequences later. Child Tax Returns-Remember, if you claim a wage-earning child/teen as a dependent on your tax return, the child/teen cannot claim themselves on their own tax return. If you are claiming a child/teen who has earned income and our office is not preparing the tax return, we need a copy of the tax return that was filed. Please include a copy with your organizer. The child/teen will need to file an adult tax return when they start having significant earnings that would also have corresponding expenses to deduct on their return. Vehicle Reimbursement-Every year, you must obtain a copy of your employer’s reimbursement policy (if applicable) and keep copies of all expense reports and reimbursement records.  Tax Appointments-Please call our receptionist Vanessa at 805-583-2720 ext. 101 to schedule your tax appointment or email her at frontdesk@winthercpa.com. You also have the option to request a phone appointment. Cancellations-Appointments that are not cancelled within 24 hours are subject to a one-hour ($250) cancellation charge.