Tax submission deadline this year is April 17 (courtesy of Emancipation Day holiday in DC). You should be receiving the usual W2s and 1099s in the mail pretty soon. The IRS has issued some guidelines for you to follow to make it easier on yourself when tax season kicks off in full swing.
Firstly, start getting your records up to speed. Gather all receipts, statements and income documents to validate your income and expenses for last year. Here’s what Clay Sanford, an IRS representative in Dallas said: “The first thing you'll want to do is to gather your records and round up any documents you'll need when filing your taxes. Get into the habit of keeping good records every year — saving receipts, canceled checks and other documents that support income or deductions you're claiming on your return.”
Please see full article below for more information.
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Tax Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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