As your tax reporting forms begin to arrive we want to remind you which ones we need you to accumulate and send to us with your tax information. First, there is a new 1099-K that many of you will receive this year for things like E-Bay or Facebook Marketplace sales, and sometimes for simple cash transfers between friends, apps such as Zelle.

If you receive a 1099-K this year please make sure to provide it to us, and be prepared for a phone call and some questions from us so that we can report it properly to minimize tax or determine that tax does not apply.

If you have a small business or rental property we can provide you with a separate checklist for those activities if needed. We have enclosed worksheets C,E,F in our website.

Again, IRS scrutiny of foreign accounts means that you need to be absolutely clear about any none-US accounts or income so that we report it correctly.

If you have bought and/or sold a home in 2022 we need the closing statements on both the purchase and the sale, as well as a list of improvements (with cost) for any improvements you made to the old home.

Cryptocurrency activities continue to cause major tax problems for people that believe it is not reportable. Bluntly, cryptocurrency is taxable, is reportable, and carries incredible penalties for not reporting, so make sure to discuss it with us if you dipped your toes in that water.