Five Items You May Need Before Filing Taxes

Filing taxes isn’t always simple. There are certain things that can make your life easier. We are going to go through the five things you may need to successfully file your taxes.Form1040Pen

Tax Software

You can do things the old-fashioned way, but we wouldn’t recommend it. Tax software, such as TurboTax, is designed to make your filing as quick and as painless as possible. Even the free versions of tax software are great for most scenarios.

Knowledge of Forms

There are lots of forms you can acquire from the IRS website. Understand which forms you need. For example, the self-employed need Form 1099-MISC. If you receive dividends you need another type of 1099. Make sure you investigate this.

Paper Documentation

Paper documentation isn’t necessary for you. It’s necessary for the IRS should they decide to carry out an audit. Make sure you keep this information safe even after filing your taxes. You never know if they will decide to investigate.


You can get an extension, but this is only an extension on when you need to file not an extension on the deadline to actually pay your taxes. Mark the deadline on your calendar.

A Tax Preparer

Professional tax preparers are important allies for making sure you miss nothing. Go out of your way to spend time sifting through the various tax professionals operating in your local area. They will be able to show you what you need to file in order to avoid attracting unwanted attention from the IRS auditing team.

Image credit: David Besnette

About the author

Seattle CPA+John Huddleston has written extensively on tax related subjects of interest to small business owners. He is a graduate of Washington State University and the University of Washington School of Law.

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