The IRS advises having a system for filing your taxes and
for keeping your tax documents and records organized. Many people have created
their own systems, and even more people rely on recordkeeping software, such as
Quickbooks. If you’re a newcomer to the tax filing process, however, you might
be confused as to what documents and other records you’re going to need
exactly.
Really, what your records will look like is dependent on you
and your habits. For most people, however, records consist of things like
receipts, documents that prove income, cancelled checks, lists of deductions
tax credits. Of course, filers also
need forms sent from employers and basic information about themselves, such as
their social security numbers.
If you’re finding that all a little overwhelming or if you
just haven’t been so good about keeping up with that Quickbooks system or
whatever system you happen to use, know that you don’t have to go it alone! The
friendly financial experts at Susan S. Lewis, Ltd. are ready and waiting to
assist you!
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