Need help preparing taxes for your small business? Try using our Small Business Tax Preparation Checklist!
If you’d rather do something – anything – other than filing your taxes, remember that the sooner you file, the sooner you’ll get your refund. To make the e-filing process quicker, gather your forms and documents before you begin. Below is a checklist of the basic forms and records you’ll need to make slaying your taxes a […]
This article was last edited on September 19, 2018. For updated information on tax checklists, read more here. Have these documents in hand before you e-file: Social Security number for everyone listed on your tax return W-2 forms from employers 1099 forms for contract work completed Income from investments (i.e., from interest, dividends, stocks/bonds, and foreign investments) Prior year income from local/state tax […]
Before you begin to prepare your tax return, go through the following checklist. Make sure to highlight the areas that apply to you, and have that information available. By having all your information handy and checking off the other items on the checklist, your filing process will go that much faster. Getting you closer tothat refund! Please note that this is not a complete list, but contains common forms and information needed.
Winter is just around the corner and that means preparation time for many of us. Here are items that you should consider doing around your house to make sure your family is prepared for the winter weather: Cover Exterior Faucets Save yourself time, money, and frustration and cover your outdoor faucets to prevent them from […]
There are several reasons why it’s beneficial to file as soon as you can. Just like any other task, procrastinating on your taxes can hurt you in the long run. Learn the top 7 reasons to file your taxes early below. 1. Receive your tax refund faster Everyone loves a tax refund. And the sooner you […]
Depending on your situation, you could have hundreds of documents and receipts to report for tax purposes. The IRS says you can use any recordkeeping system you choose, as long as your income and expenses are clear, accurate, and include all necessary details. “How long should I keep records for my taxes?” As a general rule of thumb, you should […]
Are you getting ready to file your own taxes for the first time? Good news! Completing a tax return is simpler than you think. Here are some basic facts to get you started. Essential tax terms Withholding – A withholding is a certain amount of money that is taken out of your paycheck each […]
Some people are excited about tax season because it means a big refund is heading their way. But for others, tax time is scary. Maybe it’s the IRS. Maybe it’s feeling unprepared. Whatever the case, sometimes it just helps to identify what is scaring you. Here are some of the most common questions surrounding tax […]
Taxes can be challenging for different reasons, and some people could use a little extra help. You might file a tax return for someone else if you have: A dependent with earned income A deceased family member Aging parents A friend or relative who doesn’t speak English You can legally file a tax return for someone else The IRS […]