5 Things to Tell Your Tax Preparer

When it comes to preparing your taxes, you want to be careful. It’s not just about avoiding a tax audit. In fact, you might need to overcome some assumptions when you are ready to file. And, whether you file yourself, or have a tax professional take care of it, there are a few things to keep in mind. Roni Deutch, “The Tax Lady” offers some insight into items that you might overlook when preparing your taxes. As you get your 2009 tax return together, and as you plan for taxes in 2010, consider The Tax Lady, and keep these 5 things in mind:

1. Changes to your family: Childbirth, college, having your parents move in, marriage and divorce can all affect the tax breaks you are eligible for.

2. Home changes: When you move, there are deductions associated with your situation. And don’t forget the homebuyer tax credit.

3. Job changes: All things related to the job search can affect your tax return, especially with rules for unemployment benefits.

4. Major purchases: If you made a large purchase, let your tax preparer know. It may be nothing, but it may also impact your situation.

5. Bankruptcy: Your taxes are filed differently, depending on the kind of the bankruptcy you have. Be sure to have someone knowledgeable help you this.