The IRS recently released its 2018 Data Book, including information on its audit activities for the last fiscal year. This infographic details what you need to know regarding your audit risk, how to prepare for and what to expect in an IRS audit.
Tag Archives: preparation
Cut Your Tax Season Stress in Half
Make things easier on yourself with a few quick steps you can take now to help cut down on tax season stress. Here are a few suggestions:
Plan to organize early. Set aside a folder to collect what you’ll need:
- W-2’s from your employer
- 1099’s for other income earned
- Bank and other financial statements
- Receipts for things like medical bills and charitable donations
- Childcare information and your dependents’ income
- If you’ve refinanced or bought a new home – we need those docs, too!
A tax meeting is not necessary if there have been no major changes within the last year. However, if you feel you do need a tax meeting, please contact our office early to schedule an appointment. My schedule fills up fast!