Equip Yourself for Tax Season Now

February 17th, 2010 by Susan Davis | No Comments
Filed in Finance, Home Business, Money, Productivity 328 views

Tax season is here, and it’s time to equip yourself with the best information and software you can. Improve your productivity with software that helps you find the best deductions, and even things you might have missed. And it does the math!

This is my second year using TurboTax software for my corporation and my personal taxes, and I’ve got to say I love it. It founds two deductions this year that I totally would have missed, and I’m no newbie at doing accounting and taxes.

If you’d like a great source for tax products this season, check out Buy.com Tax Center for low prices on tax software, books and more. I think they’ve got it all, and their prices are pretty hard to beat. Might as well save a bit of money up front to help you save money on those pesky taxes. Why give it to the IRS anyway? Thanks to their help this year, I knocked a good $1,000 off of my tax bill, which I can honestly say is no small peanuts.

Even if you’re not the studying type who loves to devour books on such terrible topics as taxes, at least get some nifty software to help you dig out good deductions, save money on taxes, and alert you to possible audit risks so you can set your mind at ease about a call or letter from you-know-who.

Nobody I know likes giving the government more money than necessary, so go on the offensive this tax season and slash that tax bill! Do you have any good tax tips or advice to share with readers?

As someone who has been around the block a few times preparing taxes, there is one thing I can tell you for sure. Absolutely, positively, do your own research before having someone else prepare them. No tax preparer is perfect, and none of them are you, with your in-depth knowledge of your life and your spending habits.

Go to the IRS site and look at the forms and their instructions that you usually file, like the 1040 form. Also check out the instruction booklets for types of deductions you think you might qualify for. Then make sure to look through documents and receipts in your life and compile some kind of a list of the things you think you qualify for. This will help a paid preparer to better identify areas to look for deductions in.

I know you probably hate doing this kind of thing like you hate going to the dentist, but think of it this way. Every little bit of research increases your chance of keeping your money instead of tossing it at the government. Think about being able to protect your money and spend it on something you want.

Categories: Finance, Home Business, Money, Productivity
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