Your checklist for tax return Season
Another tax return filing season is right around the corner. Are you prepared? Here are several things you can do to get your house in order.
1. Collect All Necessary Tax DocumentsThis typically includes a range of W-2s, 1099s and other forms. Spend some time reviewing these documents to verify that they are accurate. Double-check the basis used to determine the tax ramifications of any securities transactions.
2. Double-Check Your Social Security Information
It is critical to include an accurate Social Security number on personal tax returns. Verify these numbers. Assuming that they are accurate is a classic and potentially disastrous mistake.