The hardest part of taxes.. Documents!

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I think the most daunting part of dealing with taxes is the gathering and organizing of documents. For some people this is torture, especially if you are not organized. You should have some sort of filing system where you can track these items throughout the year. At the very least get a folder and start putting together what you need before filing taxes this year.

Have a list

Keep a list of documents you need to start with every year.  I found a great list to use a reference. Not everything will apply to you, but it is easy to figure out. Print 2 copies, then you’ll be ready for next year. This is our List. And.. Turbo Tax has a great list here.

Start on Feb 5

By Jan 31 – Feb 5th,  every document you might need should have been mailed to you by now. If not, follow up with the sender. Start gathering these documents using the list above to track progress.

Download Documents

Fortunately, most tax documents can be downloaded by logging into you your vendor's site.  W2 on Employer’s site, 1099-INT on Bank site, 1099-DIV on brokers site.

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