March is here which means spring is just around the corner, and daylight saving time has begun. However, along with the cherry blossoms, spring showers, and warmer weather, we also know it's a harbinger of that wonderful thing we all love called
tax season
. As you pull together all your 2015 receipts and reconcile your accounting software, don't forget earlier is better when it comes to working on your taxes.
Consider these five tips from a CPA on preparation.
1.) Gather your records in advance. Make sure you have all the records you need, including W-2s and 1099s. Don't forget to save a copy for your files.
2.) Get the right forms. They're available around the clock on IRS.gov in the Forms and Publications section.
3.) Take your time. Don't forget to leave room for a coffee break when filling out your tax return. Rushing can mean making a mistake - and that can be expensive!
4.) Double-check your math and Social Security number. These are among the most common errors on tax returns. Taking care on these reduces your chances of hearing from the IRS.
5.) Get the fastest refund. When you file early, you get your refund faster. Using e-filing with direct deposit gets you a refund in half the time as paper filing.
Learn more
here
.
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