Tips for people who are in a hurry to file that have no or little record keeping

Tax Season is just starting, but the folks that are coming into our offices remind me to remind everyone of a few good housekeeping tips that will make the season easy to deal with from the taxpayer’s perspective, and successful in not overpaying income tax due to lack of having proper documentation of legal deductions.

What do we mean? We often feel a pressure during tax season–an angst if you will–to get taxes done quickly once we’ve decided that it’s time to deal with them. Like when you were a kid and you would hold your breath and eat all your broccoli in two quick bites as a strategy, doing taxes quickly is almost always a bad idea. Hopefully, these tips will make it easy for you to feel calm, cool, and collected, as well as process driven, in how you’ll document your deductions if you haven’t kept great books all year long.

Continue reading

Please follow and like us: