Posts Taged income-taxes

Part 2 – Does the Thought of Tax Preparation Make You Panic?  You Are Not Alone

Organize your paperwork

Unless you are an accountant, for many of us, filing our tax returns ranks on the list of fun activities right next to root canals. Some of us get through this yearly chore one way or another and file our taxes by the deadline.

For others, it is not so easy. Many Americans who struggle with this deadline may end up paying hefty penalties for filing their taxes late or not at all. There could be many potential reasons for filing late, but for some, the reason is simply disorganization.

All over the United States families struggle with the volume of paper coming into the home. Catalogues, magazines, kids’ schoolwork and projects, work papers, receipts, oh and – mail, enter our homes daily.

Read More

Five Reasons to Get Started on Your Taxes Today

Don't delay, file your taxes today!
The deadline to file your 2016 taxes is on April 18, 2017. That may feel like a long time from now, but the time to file is now. According to the IRS, 20-25% of Americans wait until right before the deadline to prepare their documents and file. By then, they may be looking at extensions, or worse expensive penalties.

 

Here are five reasons to get started on your taxes today:

  1. By the end of February most financial institutions have mailed out their respective tax documents. Gathering all your documents and getting organized now will help you figure out what if anything you need is missing.
  2.  If you plan on preparing your own tax return, getting started early will help you get organized and reduce the stress of the process as well as potential mistakes on your return.
  3. Tax preparation professionals will
Read More