Caution!
Prepayments can be one of the most confusing things about your taxes.
People
forget about estimated tax payments they have made or they include the
amounts when they did not actually make the payment.
Double
Check these figures with your check records
to
be sure that you made these payments. Don't forget any overpayments
from last year that you asked to be credited to this year. Remember that
your fourth estimated tax payment is normally made in January of the
following year. For example, your last estimated tax payment for 1999
would be due in January of
2000.
If you have any carryforwards of
Capital Losses or Net Operating Losses, please include a copy of last
year's tax returns if we did not prepare it (see below).
Prepaid Income
Taxes
If you paid any estimated taxes
toward THIS
tax year:
Amount of each payment
Taxing authority (IRS or state) of each payment
Any State Income taxes
paid
during
this tax year
even if for a prior year liability.
Tax overpayments
from last year's 1040 which
you designated to be applied as a prepayment to this tax year
Tax
overpayment
from last year's state tax return(s) which
you designated to be applied as a prepayment to this tax year
Capital Loss/NOL
Carryforwards from a Prior Year
A COPY
of last year's
Federal
and State
tax returns
Capital Loss Carryforward amount to
this tax year from prior Schedule D
Net Operating Loss Carryforward
amount to this tax year
