Showing posts with label organization. Show all posts
Showing posts with label organization. Show all posts

Personal Finance: Getting Organized For Tax Season

Being Prepared and organized typically removes any anxiety and definitely will help you avoid that last minute rush on April 15 and if you begin taking action now, you can limit the sting when the deadlines start approaching. Here are few tips to consider.

Wage Statements - Employers need to get tax statements to their employees by January 31...1099s if you paid independent contractors for services in excess of $600 and W-2s for other employees. Many statements can be found on-line, so you might want to check and then print them for your records, otherwise, check the mail.  Remember, even if you don't, for some reason, receive your income statement, you still need to report that income when you file your tax return.  So get busy, especially if you have moved and changed addresses, because the