Getting Ready
Taxes Made Easy: Everything You'll Need to Get Ready for Tax Season
Need to know where to begin with your taxes? The process doesn’t have to be stressful. The beauty of tax season is that it comes just once a year and allows you to get your taxes filed and out of the way. If you’re curious about what’s required of you come tax time, we’ve got everything you need to know – including how to get ready for the big day.
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Tax-time Preparation Tips
It doesn’t matter if this is your first tax return or your 15th, and some things never change when preparing for tax season. That’s why we offer up these tips on getting ready for tax time:
Get organized
Make sure you have all the correct forms in the proper order, so nothing gets lost in translation.
Be honest
You don't want to pay more taxes than you have to, but your best bet is always to claim all of the available deductions.
Don't leave out details
Details are what make your taxes complete. So be sure to include all of the information required of you when filing your taxes.
Paperwork is vital
Keep good records and make copies of all your important documents.
File on time
Delayed filings can lead to fees and penalties, so make sure to file on time or early.
Use proper forms
Maximize your deductions, minimize your taxable income and ensure that your tax information is correct by using the proper forms (W-2s, 1099s, etc.).
Be aware of deadlines
The tax deadline is April 15, so be sure to file well before this date.
Seek professional advice
If you need assistance, find an accountant who will be able to provide knowledgeable tax advice.
Get a Jump on Your Taxes: A Step-by-Step Guide
If you’ve never done your taxes before, getting started early is the best way to go. That’s why we recommend looking at what’s required of you when it comes to filing your taxes so that you can be prepared come tax time. Also, keep in mind that there are certain forms and documents you’ll need for specific circumstances or deductions (i.e., 1099-MISC if hired by an individual).
Gather all of your personal information:
Organize all of your documents:
Decide how you plan to file:
Consider any adjustments, credits, and deductions:
Double-check forms, numbers, and papers:
Prepare for filing time:
Determine what forms you'll need:
File as early as possible:
Be aware of tax deadlines:
Don't Forget to Bring:
There is a checklist for filing your taxes at the federal level, but it can vary from state to state. Generally, you’ll need:
Social Security cards/numbers of yourself, your spouse, and any dependents you claim on your taxes
Stubs, interest earned statements from banks or brokerage accounts, etc.
Some deductions require more information, so be sure to check with your accountant.
If you’re looking for more information on filing taxes, the IRS website has several resources that can help. Also, many online tax calculators will give you an estimate of your taxes based on the information you input into them. You can also use these sites to see if you qualify for any tax credits or deductions.
If you’re unsure, don’t hesitate to contact us, we’ll be happy to help!
What do I Need to Start My Taxes?
It all depends on what you need when filing. Generally, the following is required for filing your taxes:
Forms that reflect your income (W-2s, 1099-MISC)
Deductions or credits that apply to you (personal exemption deductions, childcare credits, etc.)
Records of payments made (receipts and bank records of interest earned)
Returns for investments (1099-DIV or 1099-INT)
Withholding information (W-2s and W-4 forms)
Any other documents that may pertain to you, your dependents, and your spouse.
Birth dates of all applicable taxpayers.