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Video instructions and help with filling out and completing What Form 2220 Taxpayers

Instructions and Help about What Form 2220 Taxpayers

Divide this text into sentences and correct mistakes: 1. It's Brian Preston, the buddy guy. 2. Go ahead and bring up the traditional 2017 1040. 3. Here's what I think is interesting: when you look at the 2017 form, this is what it looked like for years, really, for the last thirty years. 4. There have been some changes, added a few line items. 5. But it starts off with your basic information: type your name, social security number, your dependents. 6. Then you go through your income adjustments to your income page - we had our taxes and credits, and then you had your other taxes. 7. That's where they caught you up on self-employment taxes, alternative minimum taxes, and those type of things, all the things you dreaded. 8. About two-thirds of the way down the page, you had your payments. 9. That's where you add all your tax withholding from your paycheck, your estimated tax payments, extension payments. 10. It was all right there, and then at the bottom, you either got told hey you owe money or you get a refund. 11. That's all here on two pages. 12. So when a prospect or brand-new client gave us their first two pages of their tax return, plus their schedule A, I could pretty much tell you what they had going on in their financial rush. 13. I don't want to say it was simple because I don't think anybody would argue that our tax code was simple, but again, there was some familiarity with it. 14. Once you seem consolidated, exactly, once you get the flow down, you could get a lot of information very, very quickly from the original tax return. 15. So that's out with the old and in with the new. 16. Bring up...