The importance of updating records
From time to time we lose track of where we stand with certain situations and accounts. One great blessing of not updating your records is going back and finding that you have money held in a state fund called unclaimed property. Unclaimed property is where funds go to find out if anyone that owed you money, but couldn’t find you. Washington state’s page is HERE. Each state has its own site and collection efforts.
If you are one of our clients, we strongly encourage you to keep your records up to date. In a few short weeks, we will be sending out our annual 1099 tax filings and it is imperative that you receive and review it. If there are any errors for any reason, we need to know, because we do have a month before those need to be reported to the IRS for filing.
We love what we do, (mainly because it creates some of the most wonderful stories, funny and interesting) and we want you to have a good experience with us. We hope you all enjoy the end of 2015 with a good Holiday time and we look forward to a new beginning of 2016!
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I’m sure that many people often either forget or simply not pay enough attention to updating records. Even though it comes in real handy! Great article, keep up the good work.