![]() With online backup, files are stored in another region of the country, so that if a hurricane or other natural disaster occurs, documents remain safe.Ĭaution: Identity theft is a serious threat in today's world, and it is important to take every precaution to avoid it. You might also consider online backup, which is the only way to ensure that data is fully protected. is easier than ever now that many financial institutions provide statements and documents electronically, and much financial information is available on the Internet. Keeping a backup set of records - including, for example, bank statements, tax returns, insurance policies, etc. Create a Backup Set of Records and Store Them Electronically. Once the documents are in electronic form, taxpayers can download them to a backup storage device, such as an external hard drive, or burn them onto a CD or DVD (don't forget to label it). Even if the original records are provided only on paper, they can be scanned and converted to a digital format. ![]() This is called the “three-year law” and leads many people to believe they're safe provided they retain their documents for this period of time. Other miscellaneous tax deductions-union dues, unreimbursed employee expenses (uniforms, supplies, seminars, continuing education, publications, travel, etc.) (for tax years prior to 2018 only)įederal law requires you to maintain copies of your tax returns and supporting documents for three years.Casualty and theft losses-amount of damage, insurance reimbursements.Charitable donations-cash amounts and value of donated property, miles driven, and out-of-pocket expenses. ![]() Home mortgage interest and points you paid-Forms 1098.Adoption costs-SSN of child, legal, medical, and transportation costs.Education costs-forms 1098-T, education expenses.Child care costs-provider’s name, address, tax id, and amount paid.If you received 'Your Third Economic Impact Payment', Letter 6475.Letter 6419, Advance Child Tax Credit Reconciliation.Foreign bank account information-location, name of bank, account number, peak value of account during the year.Direct deposit information-routing and account numbers.Estimated tax payment made during the year, prior year refund applied to current year, and any amount paid with an extension to file.Personal property taxes-vehicle license fee based on value.Keogh, SEP, SIMPLE and other self-employed pension plans.Self-employed health insurance payments.Moving expenses (for tax years prior to 2018 only).Medical Savings Account (MSA) contributions.(Use our handy IRS document search toolfor your documents) How can I check on my tax refunds? Tax Related Web-sites/phone numbers: IRS IRS Get Refund Status IRS Inquiry Phone: (800) 829-1040 Other miscellaneous income-jury duty, gambling winnings, Medical Savings Account (MSA), scholarships, etc.Prior year installment sale information-forms 6252, principal and Interest collected during the year, SSN and address of payer.Income from sales of property-original cost and cost of improvements, escrow closing statement, cancelled debt information (form 1099-C).Social Security benefits-forms SSA-1099.Rental property income/expense-profit/Loss statement, rental property suspended loss information.IRA/pension distributions-forms 1099-R, 8606. ![]() If you use your home for business-home size, office size, home expenses, office expenses.Business or farming income-profit/loss statement, capital equipment information.Income from state and local income tax refunds and/or unemployment: forms 1099-G.Investment income-various forms 1099 (-INT, -DIV, -B, etc.), K-1s, stock option information.Income from jobs: forms W-2 for you and your spouse.Proof of Residence for dependents claiming EIC.If you’re looking for skilled healthcare candidates, contact us today. Abacus Solutions Group (ASG) matches clients with skilled candidates who will contribute to the success of your business. We specialize in identifying qualified talent in both clinical and nonclinical settings and rely on our established relationships in the healthcare market to identify the best candidates. We handle all credentialing in house and perform active audits to ensure all candidates’ certifications are current. Our recruiters understand the contingent staffing demands related to medical staffing and are well versed in the latest regulations. We know that patients come first, and our team partners with you to identify prescreened, qualified candidates committed to superior patient care and service. Abacus Solutions Group's experienced recruiters can help you find the best candidates across the ever-changing healthcare industry.
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