Daily Resolution: Avoid a Taxing Time of Year

With the close of the year close at hand, start gathering your documents and receipts to be used for submitting your taxes. Even though you still have plenty of time, start organizing your plan of attack. Make lists of deductions, put together verification of transactions to be noted, contact your tax preparer (or find one) and discuss the past year’s income and expenditures. Starting January 1^st with an understanding of your tax situation can help you toward better strategies for the upcoming year. And this will only help you get that refund more quickly or give you the time to pay the government what is owed.