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  • Writer's pictureMartha Yasso

What Are the Requirements Your Tax Accountant Needs?

Your accountant will also need to understand your goals for filing your taxes. Do you want to maximize deductions and credits? Or do you want to minimize your taxes due? Knowing your goals will help your accountant determine the best tax filing approach.

When it comes to filing taxes, most people rely on an accountant in NYC to help them make sure everything is in order and that they are getting the best tax return possible. An accountant can be an invaluable resource, from small business owners to individuals. But what does your accountant need to do with your accountant taxes?

What Are the Requirements Your Tax Accountant Needs?

Details on Identification

Your specific identifying information is required by an accountant to prepare your taxes and verify your identification. Your social security number and the social security numbers of those dependent on you must be known to your accountant. Each year, the IRS rejects hundreds of tax returns because the names and social security numbers on the form are incorrect.

A second piece of identification might be required, such as a driver's license, military ID, or any picture ID card issued by a state.

Your Most Recent Tax Return

Even if you might not be qualified for the same tax benefits or write-offs as in the prior year, giving your tax accountant in NYC access to the tax return from the previous year might make it easier for them to gather information and calculate certain deductions without having to call you repeatedly. It might also be a good idea to discuss any disparities between your most recent tax returns and your advised line of action if you're meeting with a new accountant.

Employer Salary and Tax Statements

Employees are entitled to a Form W-2 wage and tax statement from their employers. Independent contractors and freelancers are required to provide a Form 1099-MISC to each client they work for throughout the year. The employee should check in to ensure nothing has been mismanaged if, by January 31, they have not gotten this document from their employer.

Income Statements

Have you made any additional money recently? You might have received social security benefits, unemployment benefits, or investment income through dividends and interest. You should obtain statements for each revenue source and give them to your accountant if necessary.

Real Estate Holdings Records

If you own real estate, you can be eligible for several deductions. Bring all applicable paperwork from your most recent home purchase, as well as evidence that you have paid your real estate and personal property taxes, mortgage or home equity loan interest, or both.

Receipt for Expenses

You must present proof of your expenses to qualify for your deductions and credits for the tax year you are filing for. Bring a range of documents to your accountant, including invoices, receipts, medical bills, mileage logs, charitable donations, contributions to an IRA, and more. More supporting documentation than necessary is preferable.

In addition to providing paperwork and understanding your financial situation, your accountant may need access to certain software to file your taxes accurately. This software will allow them to quickly and accurately calculate your taxes and take advantage of any deductions or credits you may be eligible for.


Tax accounting firms can provide invaluable assistance in the tax preparation process. They can help ensure that all of the forms are completed accurately and timely and provide advice on managing your finances best. An accountant can also help ensure that all deductions are maximized and that all appropriate credits and exemptions are taken advantage of.

Furthermore, an accountant can help to identify any potential tax liabilities and can provide advice on how to minimize those liabilities. Ultimately, an accountant can help make the tax preparation process much easier and provide invaluable assistance in ensuring that all of the taxes are filed promptly and accurately.

Contact Yasso Bookkeeping Solutions if you wish to employ a CPA tax accountant in NYC. Small businesses and nonprofit organizations that want tax assistance can use our services. To learn more about our services, contact Yasso Bookkeeping Solutions today.

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