With less than a month to file taxes, do you have all the documents necessary to successfully complete your tax return? Whether you plan to get the taxes done on your own or with the help of a tax professional, make sure you have all required records in your possession. This will save you time and unnecessary stress having to fetch documents in the last moment. I hope the below lists will help you get better organized; treat them as a starting point and build upon them if necessary.
What are some documents you should have by now?
Let’s begin by organizing your income. Try to think if any of the following apply to you:
Now, think of all the expenses you incurred in the last year that may be related to generating income you’re reporting:
Don’t forget to consider the following:
And last but not least, personal information. Keep in mind that this part of tax preparation is often trivialized but any errors made here can trigger a tax audit or slow down your refund payment.
These are just suggested lists. Not everything will apply to you and some situations that apply to you may not be included on any of the above-mentioned lists. It is more of a starting point, a way to help you organize and get passed this tax season as smoothly as possible.