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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

It's Brian Preston the buddy guy go ahead and bring up the traditional 2023 1040 here's what I think is interesting when you look at the the 2023 form this is what it looked like four years really for the probably the last thirty years there's been some changes added a few line items but it starts off if you've got your your basic information type your name social security number your dependents then you go through your income adjustments to your income page - we had our taxes and credits and then you had your other taxes that's where they caught you up on self-employment taxes alternative minimum tax is and those type of things all the things you dreaded and then about two-thirds of the way down the page you had your payments that's where you add you all your tax withholding from your paycheck you had your estimated tax payments extension payments it was all right there and then at the bottom you either got told hey you owe money or you get a refund that's right all here on two pages so when a prospect or brand-new client when they gave us when I said just give me your first two pages of your tax return plus give me your schedule a I could pretty much tell you what you had going on in your financial rush and I don't want to say it was simple because I don't think anybody would argue that our tax code was similar but again there were some familiarity with it once you seem solid ated exactly once you get the flow down you could get a lot of information very very quickly from the original tax return so that's old out with the old in with the new bow...