Tax Tips for the Disorganized - Part I Oh man! With the Annual April 15th deadline for filing our tax returns looming I find myself dealing with "Tax Anxiety!" It doesn't matter if I am getting money back or paying out, preparing to do income taxes is always an unwelcome task. I promised myself last year that I would make a special effort to get more organized. I wanted to prepare for my "tax preparer" (sort of like cleaning for the cleaning person if you get my drift) so that I … [Read more...]
10 Time Saving Tax Tips from the IRS!
February 25, 2010 By Leave a Comment
1. Gather Paperwork - any documents or forms you’ll need when filing your taxes: receipts, canceled checks and other documents that support an item of income or a deduction you’re taking on your return. 2. Watch the mail - Be on the lookout W-2s and 1099s will be coming soon from your employer; you’ll need these to file your tax return. 3. Try e-file - When you file electronically, the software will handle the math calculations for you. If you use direct deposit, you will get your … [Read more...]
5 Income Tax Tips
January 24, 2010 By Leave a Comment
1. Evaluate & Change your withholding: just the withholding on your W-4 so you don’t give the government more than necessary... You can use the IRS’s tax withholding calculator to figure out what you should put down. This will keep you more liquid week to week. 2. Accelerate deductions: If you can sneak those deductions in before December 31st, you can claim them on your taxes and get paid whenever you file. If you wait until January 1st, they won’t come until next year. You’ll … [Read more...]
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