Tax prep is a lengthy, complicated process. But with some research, guidance, and patience, you can get it all done. Like most things, you just need to prepare yourself for the process.
Preparation and readiness are key!
This video breaks down the entire tax preparation process from start to finish. The first thing you’ll want to do is gather all source documents. This includes W2 forms, 1099 forms, interest statements, and any other documents related to income. It’s best to get all of these statements gathered in one place all at once to simplify and smooth out your process.
Next, you’re going to file your taxes using the tax return software of your choice. There are dozens of options available. The software you choose will depend on your comfort level in filing taxes and also the amount of money you’re willing to pay for tax services. Remember that the less you pay, the more work you’ll have to do yourself. Sometimes spending a few extra bucks is worth the time and energy you’ll save.
This video continues detailing the entire tax preparation process. Watch it to get yourself informed on the tax filing process so you can file with ease and confidence!