Welcome Back Letter

Dear Friends,

Happy New Year! I hope the New Year 2024 finds you all in good health and that you have all had a wonderful Holiday Season.

Tax Season is here once more. I am sure you are compiling your Income tax information so that together we can prepare your 2023 Income Tax Return in the most efficient manner possible. If you have any questions, please do not hesitate to call me at the numbers to the right of this page.

 Regarding your personal/sensitive documents.  The Federal Trade Commision pasted a law that made changes to an already existing law called the The Safeguard Rule.  These changes require that by June 9,2023 all non-bank financial institutes must comply with the newly imposed changes.  It dictates that I am no longer allowed to accept sensitive information electronically without a two-part authentication process.  This includes emails and text messages. 

The Safeguards Rule is a regulation that requires financial institutions to protect customer information12The Rule applies to companies under FTC jurisdiction and their affiliates and service providers1The Rule requires these companies to develop, implement, and maintain an information security program with administrative, technical, and physical safeguards

Regarding Health Insurance: If you received assistance through the Healthcare Marketplace.  You WILL have to show proof!  I cannot stress this enough!  What this means in short is that you must have the 1095-A before filing. This applies only if you were insured through the marketplace.

Congratulations to those of you who have had new little tax credits. Please be sure to bring their Social Security number and Date of Birth with you.

Also, congratulations to those of you who have gotten married this year. If you have recently gotten married, do not forget to notify the Social Security Office of any last name changes. If you are planning your appointment without your new spouse, I must have verbal and written permission.  Please bring written permission with a five-digit pin number so that we together can act on his/her behalf. It is also necessary for them to be available by phone in case they or I have questions and so that they can be present via cell or Skype for the entire appointment or the evaluation at the end of the appointment. 

Those of you who have a business need only to remember one thing. You must have receipts to claim your deductions. Credit card statements are not enough on their own to support a deduction.  I do not need to see the receipts, but you have to be able to produce them in an audit, should your account be picked for an accuracy check. Also, please bring a paper copy of your list of expenses. I will need a copy for my file, and it is much easier to work with than thumb drives and laptops. (The Tax Law is very clear on this issue. A paper copy is required by law to be kept by my firm as proof of the information you provided to prepare your tax return!)

Here at Anderson Income Tax and Accounting Service Inc. you can continue to count on a safe, honest, accurate accounting of your Personal or Business Tax Returns.

View my blogs here on this website for the highlights of the 2023 Tax Law Changes. Please keep in mind that these are only the highlights. There are way too many changes to mention them all. This should however be helpful information while you are gathering your Income Tax Documents for filing your Tax Year 2023 Return and Tax Planning for 2024. There are a lot of cool changes this year. 😉  Go to Tax Appointment Checklist to make sure that you have not forgotten anything pertinent to preparing your return.

Please call at your earliest convenience to set your appointment @ 813-766-1040.

I look forward to seeing all of you,

Barbara Anderson EA, CAA, NTPIF