- The Wife is Self Employed complicating our situation a bit
- I have self employment income which is growing
- After our meeting with our CPA I don’t feel the stress I did when I did my own taxes Pre-The Wife
- Lastly and most importantly, if something goes wrong I want to be able to call someone
Since my meeting is on Monday it is time to figure out what I need to bring when I meet my cpa to do my taxes. I am going to provide a lot of detail because I hope to use this list in the future and it gives real insight into how I operate my financial life.
Meeting with Accountant What Do I Need?
This post is being written as I grab and put together my folder for my appointment. Since there are two main parts to the tax return I am going to break the documents accordingly. Each bullet point is either a 1099, 1098, W-2, spreadsheet, etc.
While I have one, The WIfe has two she works and is a fantastic and attentive mom.
- My Main Job’s W-2
- The Wife’s 1099
In 2010 I had two main side hustles going on. In 2011 I will have a third that has already been more profitable than I could have ever imagined.
- My Journey to Millions’ Income (Adsense, FlexOffers, and Private Ad Deals)
- Evan’s small Law Practice
I know the investments may seem overly-complicated, but I swear I can keep track of them since they each represent a different bucket. While The Wife contributed to her Roth IRA, I did not contribute to my Traditional IRA (only my 401(k)) this year so that is why there are no qualified accounts represented.
- I have been using Sharebuilder for my Perpetual Income Machine
- I used to use TradeKing when I was involved in the idea of covered calls (not against it now, just focused energy on something else)
- My Annoying Prosper Account which I have been forced to abandon still is holding double digit notes.
- The Wife owns a few Disney Shares (yes literally a few) so we get the 1099-Div for it and laugh about how small the check is
- Much more significant than the Disney Shares The Wife has a mutual fund account that is very conservative that was set up for her by her Grandparents. I have taken over the account since I am registered/licensed to do so, but I won’t touch it out of the safe safe safe funds they are in because that is what her Grandparents wanted
As explained early on this blog our cash flow is a little different than most married couples. The Wife and I each keep a separate checking account and then funnel money into a joint checking account as well as a ton of different savings accounts.
- My Sole Bank Account
- The Wife’s Sole Bank Account
- All of our cash savings is kept at ING. I LOVE ING.
- Our Mortgage company pays our property taxes for us so there is a correlating escrow account that I get interest on
- The Granddaddy of them all my Mortgage and Property Tax - Just looking how much I paid in interest and taxes angers me!
- While Student Loans are not always deductible, unfortunately I think mine still are (but we’ll find out if I made too much on Monday)
- Charitable donations (church and every buddy’s bike or run event)
- Since The Wife is self employed and has a home office (as do I to a lesser extent) I give my accountant:
- Our Electric Bills
- Our Gas Bills
- Our Internet Bill
- My Auto Information – principal paid, interest paid and miles driven last year (I am not sure this is deductible, I’ll have to ask)
- The Wife’s Leased Auto Information – Bill Paid and Miles Driven Last Year
Am I missing anything?