These Simple Tasks Will Prepare You for Tax Season
It’s too early to think about taxes , but the beginning of the year is the best time to start. After all, April creeps up fast and you need to be prepared for that. Rockstar Finance offers a few simple tasks to get you going.
You can start organizing your tax records using this three-folder system , and beyond that, Rockstar Finance’s money blog recommends a few specific steps you should take right now to get ready for April:
- Find all your W-2 and 1099
- Download student loan statements
- Download reports on your investment / real estate
- Find all these boxes of receipts
- Start typing something into your software
- Pick up the phone and call your accountant
You also don’t have to wait until April. Besides collecting documents now, you can simply file them now. However, keep in mind that your refund may be slightly delayed if you require certain credits. For more tips on getting ready to pay taxes, see the full message at the link below.
Money Problem # 7: Start With Your (Oh How Fun) Taxes | Rockstar finance