Selph and Friday, CPA - Texarkana, TX

How to Prepare for the Tax Season

    Tax Day, April 15^th, IRS, Deductions 

April 15^th arrives predictably ever year yet it still manages to catch many tax payers off guard.  There are few steps that you can take to make sure you’re ready for what hopefully won’t be such a bad day.

Tax Experts Texarkana,TX 

1.       Collect Documents That Show Your Earnings

• Of course this seems like obvious advice but some people expect their earning information to be readily available via some type of federal corporate portal.  Maybe in the future but not yet folks.

2.       Hold On To You Receipts.

• If you’re planning on itemizing your deductions it’s important to keep track of all of your receipts.  To avoid clutter familiarize yourself with the type of deductions you’ll use.

3.       Have identification numbers and birth dates available.

• Hopefully you remember your social security number and birth date, but what about dependents or your spouse!  Don’t waste a trip to your tax office.

Looking for more IRS and Tax information?  Contact the accounting offices of Selph and Friday at 903-792-0281 or via are contact page.