Are you ready for tax season?
In financial terms, the first quarter of the year is when tax season preparation heats up. According to the Internal Revenue Service (IRS), about 85 million taxpayers pay experts to complete and submit their tax returns. If you’re one of them, it’s important to organize your forms, receipts, and other documents well before tax time.
Your tax preparer may ask you to fill out a questionnaire or take information directly from you. Either way, some planning ahead will help you get through the whole process easily and quickly. This holds true for those who do their own taxes too, as the steps below will help them get organized.
Without further ado, here are 8 tax season preparation steps!