Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Tax Preparation Tips and other Taxes topics.
H&R Block Tip: Income tax preparation is made easier if you organize your records throughout the year. By having your records organized when you sit down to file your taxes online, you can save yourself time and frustration. Maintain separate files for receipts and expenses. Reconcile your bank statement monthly. This helps you notice any discrepancies. Tax software programs, like TaxCut, will tell you what receipts and expense forms you need to have ready before starting the tax form preparation program.