E-Mail:

How to Deal with Taxes

Thursday, January 31st, 2008
at 8:46pm

Add to iTunes | Add to YouTube | Add to Google | RSS Feed
It’s that time of year again… tax time. *GASP* Don’t pass out on me! I know that tax season is very stressful for many people. Here are some tips that can make this year much easier to get through.

  • File early. Beat the rush and file your taxes as soon as you get your w2… or as early as possible.
  • Make sure you have all of documentation in order: w2, donation receipts, intrest payments, educational costs, and what ever else you may need for itemized deductions.
  • Decide if you’re going to prepare and file yourself, or if you will use a Tax Service… such as H&R Block. You also have the option of using an actual Accountant if you have difficult taxes or exemptions. If you aren’t 100% comfortable with what you’re doing, I highly recommend letting someone else take the load off your shoulders.
  • Make sure you fill in all of the blanks, leaving some vital informaioin missing from your return can delay your refund, or worse… leave you with the IRS on your back.
  • Lastly, and most inportant: DO NOT FORGET TO SIGN YOUR REFUND.
  • Here is a bonus tip: go to irs.gov if your Adjusted Gross Income for the year is less than $53,000. Look for the free filing link on the left side of the page. You can efile your federal return for free, and if you are lucky to live in one of the 21 state that offer free efile you don’t have to pay anything. Just make sure you choose a site that you would trust with your information.

Want to embed this video on your own site, blog, or forum? Use this code or download the video:

Tags
Categories

11 Comments

PLdrummer

January 31st, 2008
at 11:42am

yea, right, just say “first!”

racheloagibson

January 31st, 2008
at 3:46pm

love the Ron Paul Message thank I will continue to watch and rate you bro! I love it

Alexandra90201

February 1st, 2008
at 9:09am

Those are definitely the top 5 tips. Guess it helps to have a family member who does it for a living. The last tip was the best.

dryan2

February 1st, 2008
at 1:18pm

at first i read this as “how to deal with texans”

redneckboy6983

February 1st, 2008
at 2:17pm

i was 12. had a job in connection with my middle school. i got paid $5.40/HR back in 1998.

Dan_P

February 1st, 2008
at 9:12pm

Those are all great tips. Just to add another small note. I had my taxes done last weekend and it turns out that the government is not excepting any Education Credit forms until February 11 so my return is on hold until then. Just something to keep in mind if you are planning on filing before then.

What Do You Think?