The run up to April 18 has many scrambling to organize their financials, gather tax-related paperwork and statements, confer with accountants, and be ready to submit the appropriate tax return before the filing deadline.
It’s tax season!
Last year the IRS received more than 165 million individual tax returns and is anticipating 168 million in 2023.
Whether you prepare your own tax return or have it handled by a professional, gathering the necessary paperwork is key. Most gather their physical paperwork, such as tax documentation and statements, but often misplace a few. Not having all the information available during tax preparation can impact the types of deductions and credits you may be eligible for, and thus impact whether you have to pay Uncle Sam or receive a refund.
Synchronoss Personal Cloud can help.
The built-in private folder feature of Synchronoss Personal Cloud provides a highly secure data locker to store important files, such as all your withholding statements, employment documentation, interest payments, etc. This allows you to easily store and archive all your financial records and easily share them with others, such as your accountant.
Each year you can use private folder to centralize all your important paperwork, ideal if you need to provide a copy of something.
Since Synchronoss Personal Cloud is a native application integrated into a telecom carrier’s network, your data is fully protected and cannot be accessed by any third-party.
In addition to tax documentation, private folder can also be used to store and share other digital content, such as driver’s licenses, social security cards, insurance paperwork, as well as photos and videos.
In the US, both Verizon and AT&T offer Synchronoss Personal Cloud. It is also available through other global service providers, mobile operators and telecom carriers.
Start using private folders today.