I remember the first time I did my taxes – I was so nervous.
I was afraid that if I filled out something wrong, I’d get a call from the IRS
and a huge penalty. It didn’t help that I tried to do it by hand.
It’s almost like a rite of passage – preparing your own
taxes. You may have filed your taxes for a summer job as a teenager, but your
parents probably helped (if they were nice).
Now that you’re all grown up, here are four tips that can
help you as you start out as a new tax filer:
1. Get Organized
One of the best things you can do is get organized.
Gather the forms that your employer and other financial
institutions send you like your W-2 and 1099s. Your employer, lenders, and
others will send you forms that have bearing on your tax situation. Keep all of
these forms organized in a single place as you get them in. You should also
keep relevant receipts and other documentation that can back you up if you are
claiming tax deductions and credits.
The more organized you are, the easier it is to find what
you’re looking for.
E File 2014 IRS Tax Forms
2. See If You Qualify
to File for Free
Many first time tax filers qualify for free federal tax
filing. If you just have a W-2 and a
little bank interest you can file your federal taxes quickly and accurately for
free. We will ask you simple questions
about your life and in a few steps you will be able to file your taxes and receive
your biggest tax refund.
3. Don’t Forget State
Taxes
It’s easy to get caught up in federal taxes and forget that
you have to file a state tax return. Don’t forget that you will need to file a
state tax return and federal tax return unless you live in a state without
state taxes. We will automatically transfers all of your information from your
federal tax return and prepares your state tax return for you after you answer
simple questions about your life over the past year.
E File 2014 Forms 1040EZ
4. File Online
It’s easy to prepare your own tax return online. I would recommend using tax software because
something that simple is often free.
This kind of do-it-yourself help can be a good way to get a solid grasp
of your tax situation plus you can e-file with direct deposit for your fastest
tax refund.
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