- Review of prior year's return for accuracy, comparison and carryovers for current year return. Check this information:
- Tax loss carry forward information;
- Withholding information;
- Information about how certain income may have been treated, such as capital gains or traditional income.
- You can find an applicable item that is not common for all individuals:
- Itemized deductions;
- Sale of a residence;
- Retirement pay;
- Applicable taxes;
- Etc.;
- You can also find certain items from the prior year return that you probably needed to complete the current year return:
- State income tax refund;
- ATM for credit;
- Gain/Loss carryover;
- Charitable gift carryover;
- Etc.;
Thursday, September 3, 2015
If you decided to prepare taxes on your own: Review of prior year's return
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