It's getting closer to the tax filing deadline. Do you have all your documents in order? W-2s? 1099s? Receipts? If you don't, then your anxiety levels are going through the roof right now. Lets get this situation under control shall we? Start by taking a few deep breaths. Now, let's get your ducks in a row. First, go find those W-2s, 1099s, box of receipts and other documents you need.
Now, you should decide how you want to about preparing your taxes. There are some free options available to individuals who qualify. Look up the rules on the tax prep software or firm's website. They will give you all the necessary information to make this decision.
In certain cases, there are individual volunteers that will supply free tax preparation assistance for individuals, regardless of eligibility. This is an excellent benefit to many people, as long as they are aware of these different resources. A tax preparation tip - there are many different online sites which will offer tax preparation help free of charge. The only fine print here is that if you need tax advice on top of the ‘basic’ information provided there will be additional charges.
A caveat - it is important for you to confirm that the tax preparation source is a reputable one. On the IRS website you will find a list of efile options. We would recommend you start by filtering through the list. This is of course if you go the online route. One other recommended option is go through a referral. Everyone you know files their taxes. Ask them. Thats the easiest (and perhaps fastest ways) of gathering information local to your area. You will quickly learn who are the good preparers and more importantly you will learn about the bad ones. With this due diligence you will be able to find a reliable and legitimate assistance with tax preparation.
Now, stop reading and get started. . .
Are you confused by all the different tax prep advice? Do you have any idea of which deductions you might be eligible for? Check out http://www.easy-tax-deductions.com/ to read tips and tricks related to home business tax deductions and tax deduction software that your tax experts will never tell you.