Every year when tax season rolls right around the corner, many of us are scrambling to get ready. If you want to be ahead of the game, it’s worth preparing in advance for all future tax seasons, so you can take the stress off your shoulders and even save more money.
Get A Tax Preparer
Let’s face it. Nobody really wants to do their own taxes, and hiring a professional tax preparer is your best bet in order to save money through deductions and credits. Ask a buddy or a family member for a reference for a good preparer. It wouldn’t hurt to also ask an advisor such as your attorney to refer you.
You should always file early in the season if you aim to receive your tax refund earlier, but before you do that, get the tedious stuff out of the way.
Documents
This has to be the most tedious process, but it’s the most important one that better prepares you for the dreadful tax season. This is the process in which you gather your personal information and documents such as your social security number and the proper forms that you are needing to file.
In addition, you’ll have to take all of the receipts out of your car’s glove compartment so you can qualify for those itemized or standard deductions. Once that’s done, you’re almost ready.
Schedule With Your Tax Preparer
Now that you have ahold of and organized all of the necessary documents and information, it’s up to your tax preparer to finish the rest of the job for you. If you decide to enlist a new tax preparer, you may want to give them a copy of your last year’s tax return for your preparer to refer to any vital items that they should take notice of such as interest, dividends, and charitable donations.
A Fresh Start
Now that you’ve gotten the hang of the organization of your taxes, you will also want a clean slate when it comes to tax debt. This way, you’ll be ensured a tax refund every year. But just because the IRS says you owe a certain amount, doesn’t mean you necessarily want to pay the full balance or even have the ability to.
Luckily for taxpayers who owe major tax debt, there’s a relief program that consolidates many major relief programs into a one-size-fits-all assistance program; The IRS Fresh Start Program. Our clients are referred to our Fresh Start Program in order to avoid bankruptcy, acquire debt relief, and settle their debts in a quick manner. Let us give you a helping hand today!
How Simple Is Qualifying?
Considering that the Fresh Start Program is a federal program, you would think meeting the qualifications may be very difficult, but really, it’s a lot simpler and quicker than you think. Take the following steps in order to find out if you are eligible in as little as 3 minutes.
- Fill out some basic information about yourself and your back taxes here.
- Have a representative reach out to you to discuss your eligibility.
- Go through the enrollment process and finally reduce or eliminate your tax liabilities.
