Prepare for 2022 Tax Season NOW in 6 Steps
2022 tax season is about to begin, here are a few things that I experienced with my clients that you will want to do in preparation of the next tax season: 1. Get your receipts organized NOW and sent to your tax preparer EARLY. If you are the DYI type and don't use a bookkeeping service, it is better for both YOU and YOUR TAX PREPARER to get your receipts separated and totaled by expense and sent to her several weeks before the due date. This will give her time to review the receipts for deductibility and accuracy before reporting it on the tax return. 2. Create a file folder to keep your tax forms like W2, 1099, Profit/Loss statements, brokerage statements, closing documents for house purchases, estimated tax payment confirmations until tax time. 3. If you purchased a home in 2022 or earlier, locate the original closing statement for the home purchase and KEEP IT FOREVER! Or, at least until you sell it. Your tax prepar