August 22, 2014

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Preparing for tax season is half the battle

Now is the time when we start thinking about filing our income taxes from the previous year.  Even though it’s an annual event, it can cause anxiety for many. By preparing now, you can ease the process for yourself and your tax preparer.

The Internal Revenue Service tracks everyone by their Social Security number. Make sure you have your number and that of your spouses if filing jointly, plus the number(s) of your dependent(s). In addition to your W-2 or like form, you want to include information about any interest you earned from savings accounts, stocks or mutual funds as these are also taxable.