There is a reason that so many people simply dread tax season. Compiling all the documents you need, worrying about how much money you are going to owe the IRS, and the list goes on. There are some things that you can do to make the tax season go off without a hitch this year though. Mark Dicus & Company is here to share our best tips to make your tax season as stress free as possible.
Organize Tax Documents in a Folder
The first thing you need to do to make taxes go as smooth as possible this year is grab a file folder that you can put all the pertinent information in. This will become a headquarters of sorts that will house all the information and numbers that you will need. Some important information that you will need to have handy includes:
– Social Security Number: You will not only need your SSN number, but you will also need your spouse’s number and the SSN of any dependents you have.
– Government Issued ID: Whether it is your driver’s license or a state ID card, you are going to need it come tax season. Some states require it and others don’t, making sure you have it ready is essential.
– Tax Information: Gather all the information you have about taxes that you have paid so that you aren’t leaving money on the table that you could enjoy in your pocket.
– Account Information: You will want to have your bank account information ready so that you can get your return as quickly as possible. You will need routing numbers, account numbers and direct deposit information so that you can get the money you are owed quickly.
Gather All of Your Income Information
Of course, you can’t get any of your taxes done without the proper employment information and income information from the last year, right? This is something that you definitely need to gather and get organized to have a smooth sailing tax season. Here is what you will need to have:
– Employment Income: This will include any W-2 forms that are sent to you from your employer. If you are self employed, you will need to have 1099-NEC and 1099-K forms. For those that are unemployed, you will have a 1099-G form.
– Other Income: This could include income that comes from rental properties, retirement income, savings, trusts, and other forms of income you have gotten through the year.
Bookkeepers, Accountants & More in Summerlin, North LV, Henderson, Lone Mountain Village & Greater Las Vegas, Nevada
If you are having a hard time getting your taxes ready and want to ensure you aren’t leaving any money on the table this tax season, you can turn to Mark Dicus & Company to help you get organized. We can help you with tax preparation to make sure you have taken advantage of all deductions that are available to and that you are eligible for. Call us today!