3 Must-Do Actions To Prepare for Tax Season
Tax season comes at the same time every year, so it shouldn`t be a surprise when April 15th rolls around. The best time to think about filing your taxes is right after you have filed the current year`s returns. Though many delay their filing and run the risk of needed a tax lawyer Ormond Beach FL to get them out of a massive IRS debt or late fees, proper planning can limit the confusion and stress often associated with filing your taxes.
Double Check Your Filing Status
If your recent return had significant amounts of money owed or a large return, you may want to review your filing status. The goal should be to break even with the IRS. Look at how your status may change over the course of the next year, either through the birth of a child or marriage. Recalculate your withholdings and adjust as necessary.…