The earlier the better. It is never too soon when it comes to preparing for the tax season. The government and tax professionals always encourage taxpayers to get a jump on their Federal Tax Return preparation, especially since filing early avoids the last minute rush. Here are some steps to get ahead on your taxes:
• Have all the records you need including W-2s and 1099s. Don't forget to save a copy for your records.
• Make sure you have all the correct forms. Did you know they are available around the clock on the IRS Web site.
• Do not rush! Take a break, walk around and clear the mind! Mood music any one? For heaven sake don't stress - you're likely to make silly mistakes.
• Double-check, and then triple check all your calculations and make sure the Social Security numbers you're using are correct.
Remember: the IRS is there to help. Try IRS.gov or call toll free at 1-800-829-1040.
|Jennifer Mathes, Ph.D.|