Set Yourself Up for Tax Filing Success With These Prep Tips
The last day to file your personal taxes is quickly approaching! Everyone is racing to get their taxes done so they can enjoy their (potential) refund. If you want to make sure the process goes as smoothly as possible, there are a few steps you can take to make sure you get your taxes done right the first time. Taking everything you need to your appointment with the tax advisor, will allow them to get things finished quickly and easily.
How to Properly Prepare to File Your Taxes
Schedule Your Appointment
Be sure to schedule your appointment in advance. If you just plan on walking in, you may have a long wait. Some places allow you to make your appointment, drop everything off, and then come back to finalize the paperwork at a more convenient time for yourself. This allows you to get other things done while the advisor prepares your taxes.
Have All of Your Paperwork Organized
Make sure to have all of your W-2s, 1099s, charitable contributions, and business expenses organized and easy to find. This will allow your advisor to go from step-to-step and help the process run smoothly. Keep each type of document in a separate folder or envelope so they won't get mixed together.
Make Sure You Have Your Receipts
In addition to all your paperwork, you will want to have all your receipts categorized as well. Keeping them in order will allow the advisor to process the return easily. Over the course of the year, create an envelope for each type of receipt (gas, groceries, office accessories, etc.). This will help keep everything in order, so at the end of the year, all you do is grab the file, and you're all set.
Getting your taxes done shouldn't be stressful. If you keep all of your papers in order throughout the year, finding them at tax time will be a breeze. If you have questions for your tax advisor, write them down and ask them when you drop off your paperwork or show up for your appointment. The more prepared you are, the faster the process will go, the sooner you will get your refund!
For more financial tips and resources, visit Banzai for all the materials you need to stay on track and achieve full financial freedom. Also, visit us at Clark County Credit Union to see how easy it is to open and maintain a checking, or savings account. Contact us today at 702-228-2228 to learn more.