Download Word Format Document: 2014 Year End 1040 Client Letter
While preparing 2012 individual tax returns in early 2013, we noticed a trickle of problems on Schedule K-1 from partnership investments in IRAs. That trickle became a flash flood this latest tax season. It is a problem which will erupt in an earthquake of tax and penalty if taxpayers receive an unexpected 1099-R for 2014 IRA distributions of which they were unaware!
The first step before actually changing or saving anything into DropBox is to determine what files need to be available, backed up, synchronized and used. In our office that means all Microsoft Office files, all tax data files, and all other files-we save everything to DropBox!
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