Mortgage & Insurance Rates and News!

Infographic: 10 Steps to Tax Preparation

By on March 11, 2014 in Tax

When you are in the process of filing your tax returns, it is important to have all of your paperwork together for easy access. By having your forms in one place ahead of time you will not have to scramble when the April deadline comes around. This also makes it easier for you when going to a tax preparer because they will be able to help you prepare your taxes more accurately. Start by collecting your W-2 and 1099 forms when they are mailed to you in January. Create a file of your forms that will include copies of bank or brokerage statements, IRA contribution proofs and Social Security information for new additions to your family. Gather together receipts for work-related expenses and charitable contributions, as well as mortgage receipts and proofs of purchase for any energy efficient goods. All of these forms help your tax preparer find the deductions you qualify for and improves accuracy on your return. Take a look at the following infographic for more details and the 10 basic steps to take for tax preparation.

Created by the team at Levy Tax Help.
10 steps to tax preparation

About the Author

About the Author: Husband, father, tech junkie and sports enthusiast. I have owned and operated as well as a number of others sites since 2005. .


If you enjoyed this article, subscribe now to receive more just like it.

Comments are closed.