---
created: "2025-09-18"
tags: [project, active, taxes, financial, urgent]
lastUpdated: "2025-09-18T04:45:00-04:00"
contextDate: "2025-09-18"
status: "urgent"
priority: "high"
---

# 📊 2024 Tax Completion

> [!warning] **URGENT**: Tax season approaching - need CPA and accountant preparation ASAP

---

## 🎯 Project Overview

### Objective
Complete 2024 tax preparation and filing by working with a CPA and getting all necessary documentation organized for the accountant.

### Business Value
- **Compliance** - Meet tax filing deadlines and avoid penalties
- **Financial Health** - Proper tax planning and optimization
- **Peace of Mind** - Reduce stress and anxiety around tax season
- **Professional Growth** - Establish relationship with CPA for ongoing tax planning

---

## 🔥 Key Deliverables

### Phase 1: TurboTax CPA Setup (Week 1)
- [ ] **TurboTax CPA Service** - Use TurboTax's integrated CPA service for convenience
- [ ] **Account Setup** - Create TurboTax account and select CPA service level
- [ ] **Initial Consultation** - Schedule virtual meeting with assigned TurboTax CPA
- [ ] **Documentation Upload** - Upload all tax documents to TurboTax platform

### Phase 2: Document Collection (Week 2)
- [ ] **W-2 Forms** - Collect all W-2 forms from Freddie Mac
- [ ] **1099 Forms** - Gather all 1099 forms from freelance/consulting work
- [ ] **Business Income** - Document all SaaS product revenue and business income
- [ ] **Business Expenses** - Compile all business-related expenses and receipts
- [ ] **Investment Records** - Gather investment account statements and transactions
- [ ] **Property Records** - Collect mortgage statements, property tax records
- [ ] **Medical Expenses** - Compile medical bills and insurance records
- [ ] **Charitable Contributions** - Document all charitable donations

### Phase 3: Tax Preparation (Week 3-4)
- [ ] **TurboTax CPA Review** - CPA reviews all documentation and prepares tax returns
- [ ] **Virtual Consultation** - Meet with TurboTax CPA for tax planning discussion
- [ ] **Quarterly Estimates** - Set up quarterly estimated tax payments if needed
- [ ] **Electronic Filing** - Complete and file all required tax returns through TurboTax

---

## 🛠️ Required Documentation

### **Income Documentation**
- [ ] **W-2 Forms** - Freddie Mac salary and bonus
- [ ] **1099 Forms** - Freelance/consulting income
- [ ] **Business Income** - SaaS product revenue (Beeminder, Product Glass, etc.)
- [ ] **Investment Income** - Dividends, interest, capital gains/losses
- [ ] **Other Income** - Any other sources of income

### **Business Documentation**
- [ ] **Business Expenses** - Software subscriptions, equipment, travel
- [ ] **Home Office** - Home office deduction documentation
- [ ] **Professional Development** - Courses, conferences, certifications
- [ ] **Marketing Expenses** - LinkedIn ads, content creation costs
- [ ] **Legal/Professional Fees** - CPA, legal, consulting fees

### **Personal Documentation**
- [ ] **Mortgage Statements** - Property tax and interest documentation
- [ ] **Medical Expenses** - Health insurance, medical bills, prescriptions
- [ ] **Charitable Contributions** - Donations, volunteer expenses
- [ ] **Childcare Expenses** - Calvin's care and related expenses
- [ ] **Education Expenses** - Any education-related costs

---

## 📊 Success Metrics

### **Timeline Metrics**
- **CPA Selected**: Within 1 week
- **Documentation Complete**: Within 2 weeks
- **Tax Returns Filed**: By April 15, 2025
- **Quarterly Estimates**: Set up by end of Q1 2025

### **Quality Metrics**
- **Accuracy**: 100% accurate tax returns
- **Optimization**: Maximize deductions and credits
- **Compliance**: Meet all filing requirements
- **Planning**: Establish ongoing tax strategy

---

## 🔗 Related Areas

- [[💰 Financial Strategy MOC]] - Overall financial planning
- [[🏢 Corporate Excellence MOC]] - Business operations
- [[⚡ Productivity & Systems]] - Organization and systems
- [[💰 Financial Management]] - Financial knowledge and skills

---

## 📅 Timeline

### **This Week (Sep 18-24, 2025)**
- [ ] Set up TurboTax account and select CPA service
- [ ] Schedule initial consultation with TurboTax CPA
- [ ] Begin document collection and upload to TurboTax

### **Next Week (Sep 25-Oct 1, 2025)**
- [ ] Complete document collection and upload to TurboTax
- [ ] Provide all documentation to TurboTax CPA
- [ ] Begin tax preparation process with CPA

### **Week 3-4 (Oct 2-15, 2025)**
- [ ] TurboTax CPA completes tax returns
- [ ] Review and approve returns through TurboTax platform
- [ ] File all required tax returns electronically
- [ ] Set up quarterly estimated payments

---

## 🎯 Next Actions

### **Today (Sep 18, 2025)**
- [ ] Set up TurboTax account and select CPA service level
- [ ] Start gathering basic documentation
- [ ] Begin uploading documents to TurboTax platform

### **This Week**
- [ ] Schedule TurboTax CPA consultation
- [ ] Create document collection checklist
- [ ] Begin organizing financial records for upload

---

## 💡 Key Insights

### **Tax Planning Insights**
- **Quarterly Estimates** - May need to set up quarterly payments for 2025
- **Business Deductions** - Maximize home office and business expense deductions
- **Retirement Planning** - Consider IRA contributions for tax benefits
- **Charitable Giving** - Optimize charitable contribution timing

### **Business Insights**
- **SaaS Revenue** - Document all product revenue streams
- **Expense Tracking** - Maintain better expense tracking for 2025
- **Professional Development** - Track all learning and development costs
- **Home Office** - Document home office setup and usage

---

## 🚨 Urgent Actions Needed

### **Immediate (Today)**
1. **Research CPAs** - Find qualified professionals
2. **Document Collection** - Start gathering basic records
3. **Timeline Planning** - Create realistic completion timeline

### **This Week**
1. **CPA Selection** - Choose and engage CPA
2. **Documentation** - Begin systematic document collection
3. **Consultation** - Schedule initial meeting with CPA

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> [!tip] **Remember**: Tax preparation is not just about compliance - it's about optimizing your financial position and reducing stress. Get started now to avoid last-minute panic! 💪

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## 📞 Key Contacts

### **TurboTax CPA Service**
- [ ] Set up TurboTax account
- [ ] Select appropriate CPA service level
- [ ] Review TurboTax CPA credentials and reviews

### **Support Resources**
- **Freddie Mac HR**: W-2 and benefits documentation
- **Banking**: Account statements and records
- **TurboTax Support**: Platform and CPA service support

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*This project is critical for financial health and peace of mind. Don't let tax season stress derail your business momentum!*