April 15th has become a day millions of Americans dread each year. Why? Because it’s tax day! Paperwork, payments, and the threat of an audit are just a few of the reasons taxpayers of all stripes want to get through the process as quickly and accurately as possible. After all, everybody is afraid of the IRS. However, April 15th doesn’t have to be a day people dread. There are ways in which you can make things go a lot smoother. The tips outlined below will help anyone work toward that goal. Check out our top three tax day hacks below!
Three Tax Day Hacks To Make The IRS Less Intimidating
1. Never Make It A Solo Effort
Even the simplest tax returns could require some complex or specific information, making tax day more stressful than it needs to be. By contacting a trusted professional, such as a member of the UCPAA, any individual will be able to rest easy in the knowledge that Uncle Sam has everything needed to complete this year’s filing.
In this regard, your best bet is to avoid going solo, unless, of course, you’re well-versed in tax-related issues. Since most people lack a lot of basic knowledge, it’s safer to have a professional help you out. This way you can make sure that everything is in order.
2. Never Lose The Important Documents
Each year, current paperwork and data from previous filings provide information vital for determining an accurate tax bill. Unfortunately, important documents tend to go missing. This is an issue a lot of Americans have.
Whether you lose important documents, throw them out accidentally, or you simply misplace them, when it comes to taxes, this can have serious consequences. In order to avoid getting in trouble, file away all important documents in a special drawer or store them in an organized fashion.
3. Never Let A Deduction Get Away
In many cases, the amount of money you lose via taxes isn’t really the amount of money you end up losing. Deductions are a real thing and you should definitely make the most out of them.
Talk with an employer, bookkeeper, or another close source about deductions or other ways to shave some money off of Uncle Sam’s bill. In many cases, the IRS will actually refund some of the taxes already paid during a given year.
As you can see, by employing a professional, keeping your documents well-organized and applying for deductions you can make tax day a lot less stressful. There is no need to avoid the inevitability of paying taxes. Face the deadline head-on by heeding the simple pieces of advice contained in this article. We hope our top three tax day hacks will help make your experience more pleasant.