Tax Planning Time Schedule
To allow for smooth year end processing for your taxes use these helpful dates below to plan your activities.
Contact Accountant / Tax Preparer regarding Year End Tax Planning and get quote for year end tax work.
Are your financial records up to date?
Have you responded to all your Accountant requests for information?
Have you started a conversation with your Accountant on Year End Closing?
Is year end closed? Forward information to Tax Preparer
Call Tax Preparer for progress report.
Forward completed k-1 to your investors
1099’s are required to be sent to any vendor that is paid more than $600 and December is the time to make sure all your information is ready.
Review Vendor Contact File for Completion
- Vendor Name, Address & Tax ID number
- W-9 on file and signed by vendor
- Vendor file tagged correctly for 1099 reporting
Accumulate data to forward to Accountant / Tax Preparer for 1099 filing
Mail 1099 to recipients
Summary form 1098 due to IRS