Up until I got married to The Wife I did my own taxes as they were straightforward! A W2, a few bank accounts, an investment account and my student loans. Then I bought a house and got married…that’s when my tax world became more complicated. The Wife is an independent contractor, and as an independent contractor she does not receive a W-2, nor does she have tax withheld every 2 weeks. Instead The Wife gets a 1099 and has to pay quarterly estimates every year. Since she is/was a 1099 independent contractor I decided it was one of those times when I should rely on a professional who does this a couple hundred times a year. So every year I create an outline of my financial life for my accountant so we can work together an optimize my situation.
I figured why not share it with the readers of this blog.
Mapping my Financial Life for My Accountant
I am sure I don’t have to put this much work into my taxes considering I pay someone else to do it for me, but I figured the more organized I am decreases the chance of miscommunication with my accountant and thus a lower chance for an audit. I am not a naturally organized person so this exercise took me a couple hours! I think it was well worth it.
- Evan’s W2
- The Wife’s 1099
- The Wife’s Bonus (should be in her 1099, but should be double checked)
- Walt Disney 1099 – The Wife’s parents set her up a DRIP when she was younger and we get a check for $30 every year. Literally Thirty dollars lol.
- Fidelity Non-Qualified Accounts
- Dormant Trading Account
- Dividend Investment Portfolio
- The Wife’s Mutual Funds – From all gifts growing up
- My Mutual Funds – Invested in 1996 when I made my dad use my money to buy a few…ignored since I was about 17. Probably worth about a grand but I can’t liquidate and condense emotionally tied to the account.
- Tradeking – Old home of dormant trading account before my work made me change brokers
- Sharebuilder – Old home of Dividend Investment Portfolio account before my work made me change brokers
Online Ventures S-Corp
- 1099-K – This is a brand new form CPA will have to look into it.
- Misc Check Stubs
- 1099s from other companies that are built into 1099-K
- 1099 Flex Offers (wasn’t moved to Online Ventures Yet)
- 1099 Google (Has since been moved to Online Ventures)
- Law Offices of Evan – Less than a few Grand this year as I have been focusing my energy on Online Ventures
- Church Donations
- Mortgage Interest Paid/Property Taxes
- Student Loan (SAF)
- 529 Contributions
- Roth IRA
- New Computer Purchase
- Auto Payments
Do you think I am missing anything?
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