What You Need to
Know for Tax Season
It’s always smart to get a jumpstart on tax season! The earlier you start getting ready and organized, the less you’ll have to stress about when you file. Every year, there are changes to the tax policy that you’ll want to be aware of when it’s time to file your tax return. It is a good idea for you should take some time in February and early March to take stock of your finances and tax situation. If you do that, it’s likely that you won’t have to stress about taxes in April. You will also see below some strategies for filing your taxes. We’re also sharing a few tips on how to stress less when it comes to filing your taxes.
Get Organized for Tax Filing Season
Doing your taxes is very stressful. One of the most stressful parts is tracking down all of the paperwork that you need. This is especially true if you plan to itemize. This information helps you to Get Organized for Taxes. It provides a checklist to help you track down the documents that you will need to fill out and file your taxes.
Tax Filing Mistakes to Avoid
It seems that people make mistakes on their tax returns very often. We’re sharing some tax filing mistakes you should avoid. They are simple things you should pay attention to. Avoiding these mistakes can save you time and money.
Do You Need a Tax Pro?
If you have any questions or need assistance with your taxes, give us a call. We can connect you to a trusted and skilled tax professional in our Business Directory who can get the job done right. We’re always here to help you get a head start on your taxes to make filing a breeze this spring!
Strategies for Filing Your Taxes
There are many ways that you can make the most of your taxes when you file your tax return. Many strategies are available to help you lower the amount of taxes you will pay. Some of these strategies for taxes can also help you to build wealth. There are more strategies than those shown here. Some of them involve investments and capital gains. Some of them involve residential real estate. Investments in real estate can reduce your tax liability and also help you accumulate wealth.
What to Do With Your Tax Refund
Depending upon your individual situation, we are sharing some suggestions on what you can do with your tax refund. Obviously, not everyone will receive a refund, but if you do, these are productive ways to put that money to work for you. Even though this information was published in 2019, it is still relevant today.
If you need a hand with your taxes, give us a call. We have a great tax professional in our Business Directory, and we would love to refer you. This season can be stressful, so remember to stay organized and breathe!
The Truth About Auditing
Did you ever wonder who gets audited after they have filed their Federal and State income tax returns? Do you know how you can avoid it? The information that we are sharing here shows that the IRS auditing process is totally random. A statistical formula compares your tax return to others that are considered to be normal in your similar tax situation. Also included are some tips of things to watch out for when you’re doing your taxes. This information was originally published in 2017, but the general principals are still the same.
We share this information as a service to our clients, customers and friends. We are NOT tax preparation specialists, tax accountants or tax attorneys. If you have specific questions about filing your taxes, you should contact a trusted source. We can refer you to a few good tax professionals from our Business Directory . We’re sure that you can speak with them about your situation.
