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5 Tips to Simplify Tax Time with TaxCaddy

April 15 always seems to sneak up, and surely this year will be no different. While there’s no escaping the tax deadline, this year will be the easiest tax season ever. Use the following tips to streamline the tax return process and minimize stress. 

  • Review and complete the tax organizer. The organizer provides you with your prior year information and helps your tax professional gather valuable information about you that may impact your tax return. 
  • Provide electronic documents whenever possible. The electronic tax documents obtained directly from your banks and brokerages are high quality and easy to read, which minimizes errors. 
  • Respond to communications from your tax advisor as quickly as possible. Often our questions just require a short answer to finalize the preparation of your tax return. 
  • Review your prepared tax return as soon as it’s available so that any necessary corrections can be made well before the April 15 filing deadline. If no corrections are needed, sign the e-file authorization to complete the process. 
  • The four tips outlined above are suggestions we’ve made for years. They help streamline the process for you and your tax professional. With your help, we can focus on maximizing valuable tax deductions. The fifth tip is new this year, and it makes the first four tips a breeze. 

TaxCaddy makes it easier than ever to gather your 1040 tax documents and deliver them to us, communicate with us, answer your questionnaire electronically, and sign an engagement letter. We’re excited about this powerful, free solution and we think you will be, too. 

Soon you’ll receive an email inviting you to create your TaxCaddy account. Once you receive the invitation, there are three easy steps to get started. 

So be on the lookout for the TaxCaddy invitation email. In the meantime, if you’d like to learn more about TaxCaddy visit the website below. 

Learn more at: https://taxcaddy.com/ (Note: Don’t use the “Sign Up Free” option on the TaxCaddy website. You’ll use a link we’ll include in our upcoming invitation.) 

ONE ADVISOR | TWICE THE ADVICETM

Give us a call to find out how we can help you simplify tax time at (410) 823-5442 or email [email protected]

Chesapeake Financial Advisors is a fee-only financial planning, investment advisory, and tax planning firm with offices in Towson, Columbia, Frederick, and Chevy Chase Maryland.

For disclaimer, please follow our link below:

https://www.peakeadvisors.com/site/wp-content/uploads/2019/05/Compliance-Social-Media-Disclaimer.pdf

Colleen

Colleen joined the CFA team February of 2019 as our Director of Finance. She is responsible for accounting and bookkeeping functions for the Taylor & Co clients and all internal financial operations for CFA. Before joining CFA, Colleen worked at Trident USA health Services in Sparks as an Accounting Manager.

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