Monday, April 15, 2013

Tax Season Ends. ...

As we come to a close of this years tax season, I want to provide my followers with some tips to help next tax season run a little bit smoother. 




It all begins with being organized. If you know you are not organized there are so many tools, resources and apps that can help you. So first run to Staples and pick up a financial organizer book. With some of the options you won't have to think you just add your invoices or receipts where it tells you to. Remember poor record-keeping just makes things harder down the road. So all you smart phone people download an app like mint.com or pageonce to track your expenses, mileage logs, and other deductible items.

I have listed some steps that I think will be most helpful to people before we head into the next tax season........

Step 1: Create a Tax Folder to drop all those important tax documents you accumulate during the year.
Step 2: Visit http://apps.irs.gov/app/withholdingcalculator/ to see about updating your withholding allowances to ensure your best refund next year.
Step 3: Pay your taxes!!!! You cannot expect a refund if you did not pay any taxes throughout the year.
Step 4: Do not ignore written letters from the IRS, call them and get them to explain what caused them to write you.
Step 5: Seek professional help with tax questions, there are individuals that know tax law not just because its fun but because they want to help you get your biggest possible refund. But they can't help if you don't ask. 

All the best to you!!!!!!

B*B*J*B



1 comment:

  1. I use Mint and have a tax folder. When it is all organized, it helps prevent procrastination.

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