Use our checklist as a guide to help you gather necessary forms and receipts for preparing your income tax return. Choose those categories that apply to you, and make sure you have all the relevant documents on hand before getting started. Our checklist covers the main items you are likely to require; however, more detailed information or receipts may be necessary for some returns. Consult an accountant or financial advisor for advice on your particular tax situation.
Social Security numbers:
Personal income:
Self-employment income:
Homeowner information:
Personal expenses:
 | While we all need to pay our taxes, you shouldn't pay more than you actually owe. Understanding a few basic income tax tips can greatly lower your tax liability. You can claim a number of tax deductions in order to lower the actual amount of tax you pay. However, you should be aware of issues such as raises and the alternative minimum tax (AMT), which may alter your income tax analysis. |
 | When tax time rolls around, people tend to fall into two categories: people who want to file their income tax return immediately and be done, and people who want to put it off as long as possible |
 | Are you worried about penalties for late tax returns? For whatever reason, you've let the April 15th income tax deadline come and go. There are penalties for late returns, but, if you follow the appropriate steps, you can minimize the penalties and keep things in good order with the IRS. |
Nearly 75 percent of Americans receive a tax return each year, with each return averaging nearly $2,500. That's a nice windfall for most of us but that doesn't mean you should run out and spend it like it's burning a hole in your pocket. |
Paying income tax on tips is easy when you work for wages and your employer is in charge of extracting the amount from your paycheck. When your work includes tips, things become a little murky. You are the one responsible for reporting the proper amount on your income tax information and paying the right amount of tax on tips. |
