As Someone Who Is Working, What Issues Should I Consider When Reviewing My 2023 Tax Return?

Review client tax returns to grasp income sources and tax details, aiding new client familiarization.

Key Benefits

Filing Status and Family Circumstances Evaluate whether married clients should file jointly or separately and check eligibility for credits if there are dependent children or if the client is divorced or widowed.

Investment and Tax-Advantaged Accounts Review reporting issues related to investment income and transactions in tax-advantaged accounts such as IRA conversions and contributions to HSAs or 401(k) plans.

Rental Property Ownership Confirm any rental real estate holdings and address associated reporting requirements.

State-Specific Considerations Assess any state-specific filing issues that may affect the client’s tax return.

About This Resource

Reviewing client tax returns helps understand their income and tax liabilities. This is crucial for ongoing clients and vital for new ones to learn about their financial situation. Our checklist highlights key points to consider, especially if the client is working.

Financial Synergies
Wealth Advisors

Financial Synergies Wealth Advisors is a fee-only financial advisor and wealth management firm located in Houston, Texas. For over thirty-five, years we’ve been serving the financial needs of individuals, families, and businesses from around the world. When we take on new clients, they become part of our extended family, and in the past three decades we’ve developed multi-generational relationships with many of them.

Our primary goal is to simplify your financial life. Our Certified Financial Planner™ professionals and advisors combine investment management and holistic financial planning to provide total wealth management for our clients. Together, we’ll construct a financial game plan and investment strategy to meet your goals, and give you greater confidence in your future.