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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.
|Sheri Ann Richerson|