While we enjoy speaking with our clients on a regular basis, we find that during the busy periods it is difficult to answer the many recurring questions that arise.
We have assembled answers to some of the most common questions and ask you to review this list first to see if it answers your question prior to your call.
Thank you in advance for your assistance.
When should I receive the tax documents I need to provide to McNally for Tax Prep?
All forms above should be mailed to you by January 31st. However, you may note that some may send with a January 31st postmark, so you may have to wait a few days for delivery.
Do I need to make an appointment?
No appointment is necessary. All clients have the option to mail, upload or drop-off their tax documentation for tax preparation.
If making an appointment, please call (215) 462-7130 ext 2 to schedule a time to meet with Patrick. Appointments begin the first week of February and run through the 1st of April so it is best to call early in the season.
What are the most common tax documents (and why you need them)?
- W2 – From each employer for whom you worked
- 1099 R – Issued by anyone who paid you distributions from pensions, annuities & IRAs
- 1099 C – Issued by a bank or credit card company if you have had debt forgiven this year
- 1099 Int – Issued by anyone who paid you interest income. e.g. Banks, Investments Firms
- 1099 Div – Issued by companies who’ve paid dividends on stock you own
- 1098 – Issued by mortgage companies showing total interest and property taxes paid
- 1099 SSA – If you’ve received Social Security or Disability Benefits.
- 1099 B – If you’ve sold stock this year, showing the gross proceeds you’ve received
- 1099 Misc – If you worked as an independent/sub contractor or have your own business
- W2G – If you have winnings from lottery, casinos or any other gambling winnings
- Form 1095 – Health Insurance Coverage
- Settlement documents related to the purchase and/or sale of a home
- Dependent care documents – Name, address, Tax ID number, and amounts paid for dependent care expenses
- 1098 T – Dependents in College
- Charitable contribution receipts
- Medical expense receipts
- Revenue and expenses for rental properties if applicable
New Clients should provide the following additional information:
- Copy of previous year’s tax return
- Dates of birth and social security numbers for taxpayer and any dependents
After the completion of your tax return:
- Signed E-authorization forms and payment must be provided in order to submit the federal and state tax returns
- Copies of the tax returns will be provided for your records
After your federal and state tax returns are filed, the status can be checked by each individual client.
Where is my Tax Refund?
Taxing authorities normally take at least six weeks to process tax returns. Links are provided for obtaining the status of your tax refund.