Taxes ruined February and March for me until I did three tghins:1. I established a system for organizing tax documents, receipts, etc., so that I organized them at the time of the transaction and wouldn't need a marathon session at tax time. For me, it started out as one box where I put everything tax-related so I could at least find it at tax time. Now I copy all tax-related items when I get them and have special files, boxes, and baskets for various tax categories. The key for me was to get a system where I organized tghins one time when I got them, rather than waiting until tax season arrived - because when I waited I procrastinated on the entire task.2. I use Quicken financial software. It lets me enter my financial data easily and run off tax reports without additional work. I know people who use other programs and they seem fine. I like Quicken because it works with Turbo Tax.3. I run Turbo Tax to get a picture of my tax situation. I use an accountant to actually prepare my return, because I trust him and he always catches errors and accounting issues that my preparations miss. You may or may not need an accountant depending on how complex your financial issues are. If you aren't sure, I suggest you do it yourself and let an accountant prepare your tax return. After a couple of years of doing this, if everything you do seems to match the returns your accountant files, then you probably would be safe in doing it yourself.This may be off-topic but I wish we had a flat tax or national sales tax.
Taxes ruined February and March for me until I did three tghins:1. I established a system for organizing tax documents, receipts, etc., so that I organized them at the time of the transaction and wouldn't need a marathon session at tax time. For me, it started out as one box where I put everything tax-related so I could at least find it at tax time. Now I copy all tax-related items when I get them and have special files, boxes, and baskets for various tax categories. The key for me was to get a system where I organized tghins one time when I got them, rather than waiting until tax season arrived - because when I waited I procrastinated on the entire task.2. I use Quicken financial software. It lets me enter my financial data easily and run off tax reports without additional work. I know people who use other programs and they seem fine. I like Quicken because it works with Turbo Tax.3. I run Turbo Tax to get a picture of my tax situation. I use an accountant to actually prepare my return, because I trust him and he always catches errors and accounting issues that my preparations miss. You may or may not need an accountant depending on how complex your financial issues are. If you aren't sure, I suggest you do it yourself and let an accountant prepare your tax return. After a couple of years of doing this, if everything you do seems to match the returns your accountant files, then you probably would be safe in doing it yourself.This may be off-topic but I wish we had a flat tax or national sales tax.
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