Tax Preparation

Posted Wednesday, April 24, 2024

Here is a quick list of the necessary steps to have WCG CPAs & Advisors prepare your individual tax returns. Important dates and considerations during the tax extension season-

Our turnaround times for tax return preparation varies throughout the year. Click here for real-time information. Also, we will update you with email and text alerts along the way.

During tax season, we have a soft-close at 4:05PM on Fridays to enjoy some chips and salsa, and to unwind a bit. Our tax season drink is the Ukraine Mule with cucumber vodka from the Netherlands- stop by and join us. Apparently having fun before 4:00 is frowned upon in our establishment. Back at it on Saturday!

The following steps are designed for individual tax returns (Form 1040). If you are a small business owner, and your business files a separate tax return (Form 1065, 1120 or 1120S), we have a separate list of steps. Please use this link to get started on business tax return preparation.

WCG gives back to our accounting community by routinely hiring college students to provide seasonal tax support to our Tax Accountants and Tax Managers. We encourage them to communicate directly with you, the wonderful client, to gather necessary information and keep things moving along. Everyone was new at some point in their careers, so please try to extend extra grace and patience as our Tax Support Team interacts with you. If at any time communication is breaking down, please reach out to your Client Manager directly.

Here we go…

The buttons below will take you to a simple, customized online submit form for you to seamlessly send your information. This ensures comprehensive individual tax returns and an economic tax preparation fee. All submissions are uploaded to your Sharefile within 24 hours for historical safekeeping. You will receive an email and a text alert letting you know we’ve received it. Communication is key!

WCG takes the safety and security of your personal information very seriously. Please read our security and privacy procedures.

The IRS and our Professional Liability Insurance provider are getting more stringent on Engagement Agreements for tax preparation. We have created an easy digital engagement agreement, but we also have one in PDF. Seriously, it is super easy and required prior to starting your individual tax returns. Darn rules!

We also have a combined engagement agreement for those clients who have a business and want us to also prepare the business entity tax return (Partnership, S Corp, C Corp). One form, two engagements. Easy!

These buttons link to a PDF which provides a quick checklist of the items we will need to complete your individual tax returns plus outlines the tax preparation process and expectations. Yeah, this will feel like you are preparing the tax returns with us, but our primary objectives are to have an accurate and complete tax return, as well as minimizing your tax liability. Please help us help you!

Also, if you are freakin’ out about life on life’s terms, deadlines and all that… you can use the button to the right to authorize us to file a tax return extension.

The checklist above contains buttons to a secure online worksheet to provide us critical information for the completion of your individual tax returns. They are home-grown and specifically designed to be a) efficient and b) educational as we take you through the various tax matters that affect you. We are not trying to be difficult nor are we asking you to prepare your own tax returns… at the same time, this information only helps create an accurate and equally important complete tax return.

This is the best part. You can scan and upload to your Sharefile, fax, mail or take a road trip.

Sharefile (preferred)

Contact us to receive login instructions to your Sharefile. If you have already chatted with us, you should have received two emails – a welcome email, and another with login instructions. Check your junk folder too. Use the button below to login into your secure Sharefile.

You can also securely send us your files for tax preparation by using Send A File which doesn’t require logging into your Sharefile. Please use your name and a brief description as the file name such as ‘SmithJohn-W2′ since all files sent to us this way end up a general yet private portal folder. These files will be placed in your Sharefile (from genpop to isolation).

We receive a notification that you have uploaded files (not need to tell us, but if you are done uploading please let us know with a “G2G” email to [email protected] or calling 719-387-9800).

Fax

855-345-9700

All faxes will be transferred to your Sharefile as a PDF. We will email you with the number of pages received, and send a follow up text.

Road Trip or Mail

Please retain your originals and send copies to:

WCG CPAs & Advisors
2393 Flying Horse Club Drive
Colorado Springs CO 80921

For road trips, our Colorado Springs offices are open Tuesday-Thursday during tax season. If making a road trip to our office, tax preparation seems to improve dramatically with donuts. You can also hang out and have some coffee in our social lounge. Fun!

You will receive an email and a text message alerting you that your individual tax returns are ready for your review. What does that mean? And what happens next? Both great questions.

You are the most intimate with your financial world so your review is essential to the tax preparation process. Also, we want you to be comfortable with your tax liability; we are not asking you to be happy, but at least comfortable knowing the the numbers are accurate.

Book that summer vacation and let us know where… we need some ideas for after April. Yuck for us. Good for you.

Here is some light reading about some popular topics.