As you prepare to file your tax return, the first step is to ensure that your records are in order. Good recordkeeping throughout the year will make filing your taxes easier.
Here are some recordkeeping tips:
- Identify all sources of income.
- Keep track of expenses.
- Prepare your tax returns quickly and accurately. Add tax records to your files as you receive them to make filing easier.
- Organize support items that you may need to provide more clarity into your tax return.
* This information is not intended to be a substitute for specific, individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax professional.
Tip adapted from IRS.gov6
Footnotes and Sources
- IRS.gov, June 22, 2021