What documentation should you maintain when working with a tax preparer?

Maintaining copies of all documents and communications while working with a tax preparer is vital for several reasons. This documentation serves as a comprehensive account of the information shared and decisions made throughout the tax preparation process. It includes not only the final tax return but also any supporting documents such as W-2s, 1099s, and receipts that substantiate deductions taken. Keeping copies ensures that you have a record for future reference in case of an audit, questions from the IRS, or clarifications needed in any disputes or misunderstandings with the tax preparer.

Additionally, maintaining correspondence, such as emails or other communications, helps create a clear timeline and context for the services provided and any advice given. This level of detail supports accountability and transparency between you and your tax preparer, offering peace of mind that you are adequately prepared for any inquiries down the line. By having all information documented, you can also ensure that you are not relying on memory or incomplete notes, which can lead to potential errors or oversights.