Once again, the annual tax season is about to begin. The IRS has announced that it will begin accepting returns on January 24th, 2022. The IRS also said that it is still behind on processing millions of prior year returns, refunds and correspondence so we can expect some on-going frustration that we will have a chance to practice patience with.
To help alleviate the stress of tax season, the following suggestions for getting ready for tax time will be beneficial whether you prepare your own tax returns or use a professional.
Look at last year’s return or the organizer your preparer sends out (not all preparers use organizers) to help you refresh your memory about what documents were used last year and might be needed again.
Gather the following documents and put them in one place, whether electronically or paper. These represent your income and deductions. Having them in one place will prevent the dreaded document hunt or help prevent missing something that should be on your return:
This blog allows you to experience the raw, gut wrenching drama of human conflict through accounting in each of its three stages: preparing to do battle, the thrill of victory and the agony of defeat.