What documentation is needed before starting the process?

Before initiating the tax resolution process, it is important to gather specific documentation that will enable a comprehensive review of your tax situation. Tax Defense Partners generally recommends that individuals prepare a variety of forms and information to facilitate an effective analysis and strategy development. Firstly, you will need copies of your personal income tax returns for the past three to five years. This documentation provides insight into your tax history and any discrepancies that may need to be addressed. Additionally, collecting any notices or correspondence you have received from the Internal Revenue Service or state tax authorities is crucial. These documents often contain important details about your tax obligations and any penalties or interest that may have accrued. You should also compile a list of your income sources, such as W-2 forms from employers, 1099 forms for freelance or contract work, and documentation of any other income you may receive. It is equally important to gather records of your expenses and potential deductions, which can include receipts related to business expenses, medical costs, or educational expenses. If you are dealing with tax debts or liabilities, having documentation related to any payment agreements or collection activities will be essential. In addition, you may need to include financial statements that reflect your current income, expenses, assets, and liabilities. This comprehensive overview assists in understanding your financial situation more clearly. By preparing this documentation ahead of time, you enable Tax Defense Partners or any tax professional to better assess your case and develop a tailored resolution plan. Those interested in more details on the specific documentation required can visit the current webpage for additional guidance.