Are you among the many this year who are dreading tax season? It can be a bit of a headache to file taxes yourself, especially if you are planning on doing them yourself and you aren’t exactly sure what you are doing. Here are some tips on how to go about preparing your taxes:
Make a Plan
How are you going to file your taxes this year? Are you going to do them yourself? Or are you going to send your documents to a professional? Are you going to do it manually or with software? If you are going to do it yourself you need to start gathering all the necessary documents and start looking for filing software like TurboTax. If you’ve experienced changes in your filing status, such as a marriage or change in employment, then you may benefit from talking to a tax professional.
You need to keep every tax document you receive for your records. If you are doing taxes yourself, you can save all your documents in a folder, bin, box, or wherever you are going to remember them. If you are going to send you tax information on to someone else, you could save them in a folder, but it would be easier to scan all the documents and save them as electronic files. When you need to give them to your tax preparer, they are all in one place that you can easily send in an email.
You never know what you might face when tax filing; it’s always a good idea to file your taxes early for those just-in-case moments.
Here is wishing you luck on your tax paperwork this year!
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