How to Deal with Taxes

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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.

• EBiz Tax Tips.
• Ultimate Tax Reduction Guide.
• Domain Tax Guide.

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