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T A X F I L I N G T I P S
SARANG AHUJA
T A X E S . . .
Tax season is finally here! An exciting time for some as
they hope for a great return, while others are sp...
R E C E I P T S
SAVE THEM ALL.
Saving your receipts is a very important
process when it comes to taxes. For one,
if you de...
D O C U M E N T S
Your employer will send out a w-
2 form for you to use to file your
taxes. If you're self-employed
you w...
D I Y O R H I R E ?
WHICH ONE DO YOU CHOOSE?
After you have everything you may need
to file your taxes, it's time to under...
H A P P Y
F I L I N G !
SARANG AHUJA
sarangahujafinance.com
about.me/ahujasarang
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Tax filing tips

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Tips to make your tax filing season less stressful.

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Tax filing tips

  1. 1. T A X F I L I N G T I P S SARANG AHUJA
  2. 2. T A X E S . . . Tax season is finally here! An exciting time for some as they hope for a great return, while others are sporadically running around, trying to figure out what paperwork they need and which documents mean what. If this sounds familiar, keep these tips in mind to help you make the most out of your tax season.
  3. 3. R E C E I P T S SAVE THEM ALL. Saving your receipts is a very important process when it comes to taxes. For one, if you decide to claim something, you will need proof of the purchase in the chance that you get audited. Saving your receipts will also allow you to organize your spending so that it is easy to calculate how much you will be claiming at the end of the year. Receipts should typically be kept on file for about 7 years in any case you do become audited. 1
  4. 4. D O C U M E N T S Your employer will send out a w- 2 form for you to use to file your taxes. If you're self-employed you will receive a form from the IRS, typically a 1099 or 1098. There are hundreds of IRS forms out there, but if you made large payments or have any investments, such as stocks or bonds, you will receive a form to use when you file. You will also need your social security number and a second form of identification. 2 STAY ORGANIZED
  5. 5. D I Y O R H I R E ? WHICH ONE DO YOU CHOOSE? After you have everything you may need to file your taxes, it's time to understand which way of filing is best for you. If you own a home, have multiple retirement/ savings accounts, have kids and own a business, you may save yourself the stress and time by hiring someone to do them for you. If you have only one job and none or few of the above apply to you, you'll be okay to file your taxes on your own. Most online filing sites are able to guide you step by step to make the process easier. 3
  6. 6. H A P P Y F I L I N G ! SARANG AHUJA sarangahujafinance.com about.me/ahujasarang

Tips to make your tax filing season less stressful.

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