Resources

Helpful Links

Choose the Resource Link you need in the margin to the right or below and click on their name. You will be taken directly to their website.

Disclosure:

In no way is the posting of these links on our site an endorsement or affiliation withany of these resources.  Feel free to visit these sights for information, though always call a qualified professional for the best interpretation and validation of whatever is represented on these external links.  Accounting Consortium, Mark Bove, nor any its professional partners are responsible for any of the information contained outside of this site.

IRS

IRS Forms and Publications

Federal Consumer Information Center

Georgia Department of Revenue

Georgia Department of Labor

Georgia Department of Labor Forms and Publications

Georgia Secretary of State

Social Security Administration

U.S. Department of Commerce

U.S. Small Business Administration

FREE GOVERNMENTAL SEARCH FOR MISSING MONEY

WHERE IS MY TAX REFUND?


IMPORTANT INFORMATION

ABOUT RETENTION OF YOUR TAX RETURNS

The documents and information you provide to Accounting Consortium are used to prepare your income tax return. These documents and/or attachments are extremely important and should be filed with the copy of your return. You should keep these documents and/or attachments for a minimum of three (3) years from the date the return was filed with the taxing authorities.


If you own a business or have rental property, and you have sold, closed, or traded either, you must retain the final tax return and supporting documentation for a minimum of three(3) years from the filing date of the final return. If you have contributions made to an IRA, it is strongly recommended that you permanently retain the information so you’re taxed appropriately when you begin receiving distributions.

These recommendations are suggested by the Internal Revenue Service. Remember, in the event of an audit, it is the responsibility of the taxpayer to substantiate income and deductions claimed on the tax return . Retaining your tax returns and the supporting documentation is paramount to proving your deductions when asked to do so.

Accounting Consortium recommends that you retain tax returns and supporting documentation together for ten (10) years from the date the returns were filed. Although very unlikely, the IRS has the authority to go back as far as they choose if they suspect tax fraud. Without records to prove the validity of your tax return you may be assessed penalties and interest on the amount the IRS believes you owe.

Forms and Documents You Should Retain Include

  • Income Tax Returns, Both Federal and State
  • W-2 Forms—Employees Statement of Earnings
  • 1099—Miscellaneous Types of Income (Many Types)
  • Schedules K-1—Income From S-Corporations, Partherships & Trusts
  • 1098—Statement of Mortgage Interest, Equity LOC Interest and Property Tax Paid
  • Closing Papers From the Sale or Purchase of a Home or Property or a Refinance
  • Invoices and Receipts For Improvements Made To Your Home
  • Cancelled Checks and Receipts For Deductible Items
  • Cancelled Checks For Estimated Tax Payments You Made
  • Statements From Charitable Organizations
  • Business Records Detailing Income and Expenses (P&L’s, General Ledger)
  • Invoices For Assets Purchased For a Business
  • Documents From Brokers and Financial Organizations Detailing the Purchase and/or Sale of Stocks and Mutual Funds
  • Any Other Documents You Receive That May Have Tax Consequences

 

If you have any questions regarding this issue, please call the office at 678.696.0TAX

 

 

 


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