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Tuesday, April 30, 2013

Tax Season Has Arrived, Try Out These Tips to Make Filing Simple 

Now that January is over, all documents essential for filing taxes should have been distributed. So, rather than waiting until the last minute this year, get started early. Your tax return will arrive sooner and you will save yourself the battle that comes with attempting to schedule a last minute appointment with Kalamazoo accountants or struggling through a computer program at home.

In addition to planning in advance, there are several other suggestions that will make filing go smoothly for you this year, regardless of whether you opt to do your own taxes or make use of the tax services in Kalamazoo offered by your accountant.

For starters, the most critical thing is to have all the required documents. These include checks, receipts or other things that you will use for claiming. And of course, you will need your W-2s and 1099s.

If you choose to file your own taxes, look for a cost-effective program to use, this will help make the task less difficult. There are many alternatives available, just do some digging on the Internet. If you are on the fence about doing your own taxes, think about this: if you do not own a business or several properties, filing your taxes will be pretty simple. Save money and do them on your own. If you run into problems or have questions, you can always just reference the Internet. Also, because you are filling early, if it becomes too challenging, you will still have plenty of time to go to a local accountant.

Yet another tip to speed up the process is to opt for direct deposit. This will allow your returns to be deposited directly to your bank account. When taxes are filed electronically and returns are specified to be direct deposit, it is common to get your refund in as little as seven days. In addition to filing electronically, consider picking your savings account rather than your checking account. This way, the money will be added to an account you do not use regularly, which means you are much less likely to spend it quickly.

The last tip is to assess everything, especially if you do your own taxes. It is important to be positive that all information is thorough and correct.

Following these suggestions will help make filing your taxes go smoothly, regardless of whether you do them yourself or hire a Kalamazoo accountant. Additionally, now that you have a system in place that simplifies this yearly process, keep in mind that next year you will be doing the very same thing, so make it easy on yourself. Be sure to save receipts all through the year in a location that will allow you to find them effortlessly come tax season.

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