Research filing and extension deadlines … know the IRS dates.
Keep a copy of last year’s return on-hand.
Gather all reported tax forms (W2’s, 1099 dividends, 1099 interest, etc.). Then organize data by type.
Sort data into specific categories: e.g. donations (money and in-kind).
If you prepare your taxes electronically:
You can import last year’s taxes onto this year’s form by using the same software as the previous year.
If you prepare your taxes manually:
Below are sources that may carry the forms you need:
• www.irs.gov (Sends them at no charge)
• Some local libraries and post offices
• Office supply stores (for larger quantities)
Use a tax organizer. (Search “tax organizer” on web for free ones to download.)
If your taxes are prepared by a tax professional:
Make an appointment now.
It will be a huge relief to get this job done. Personally, I can’t wait to finish mine.