4 Ways to Breeze Through Tax Season
Published on January 23rd, 2019
We all wish that we could run away from tax season, but unfortunately, we can’t. If you think filing taxes for yourself or your business is stressful, you’re not alone. At Leyden Credit Union, where you can find all of your banking needs near Schiller Park, we have a few tips to get you through this stressful time.
Keep Records
Good records will help you prepare your tax returns. You should keep records of gross income, purchases, expenses, employee taxes if filing for a business, and assets. There are many online tools to help you keep track.
Start Early
Procrastinating is the last thing you want to do when it comes to taxes. Don’t be like nearly one-fifth of all Americans who file their tax return before the last few weeks before they’re due. Get a head start by following the steps below. It will make tax season less stressful.
Proper Documents
The first step is to obtain all of the IRS forms you need. If you are unsure, it is best to speak with a certified public accountant (CPA) who can lead you in the right direction. If you use an online/software program, the program provides all the necessary forms and schedules you will need.
Using Software to Do Your Own Taxes
If you are comfortable with navigating through a computer program, there is tax software available in the market. If you are a member of Leyden Credit Union near Schiller Park, you can receive a $15 discount on TurboTax. The software guides you step by step telling you what data should be entered.
