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Tag Archives: organizing for taxes

What You Can Do To Alleviate Tax Stress

The following is a guest post. If you are interested in submitting a guest post, please contact me. The coming of tax season marks a spike in the stress levels of many people’s lives. Whether you’re a small business owner, part time investor, finance employee, or just a regular person, preparing your taxes efficiently and correctly is important. While it might seem that there’s just no way to combat the stress of doing your taxes, there are some ways to minimize that stress. Many professionals who have to prepare complicated tax documents and have tons of paperwork to wade through use these techniques, and even if your taxes are relatively simple, they can be beneficial for you. Keep Organized Records Year Round Six months before your taxes are due chances are you aren’t too focused on finding pertinent documents and working on your return. In fact, your mind is probably occupied with regular day-to-day tasks, and preparing your tax return is probably just about the lowest thing on your to-do list. However, many individuals generate a considerable amount of unnecessary stress for themselves through poor record keeping habits year round. When tax season hits, people often get organized, but the ...

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Tax Season: Get Out the Calculator and Bottle of Aspirin

The following is a guest post. If you are interested in submitting a guest post, please contact me.  For some people, taxes aren’t that big a deal. They fill out their 1040EZs, send them off, collect their refunds and that’s it. For others, taxes are more complicated and can become quite stressful. Here are some tips to help you get through tax season (hopefully) unscathed. 1. Get organized early. The earlier you start organizing your files and receipts for tax season the easier your taxes are going to be to complete. The best time to start is at the beginning of the year by setting up the system for the next twelve months. If you weren’t able to do that last year, though, don’t worry. Just start now!

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