Ready or not, the 2019 tax season is here. So if you’re not ready, here are some things you need to do. These facts and tips will help you get started. First off, tax returns are due on April 15. That’s the typical due date, but the last two years it has actually been pushed back a couple of days because the 15th fell on a weekend or a holiday.
However, don’t wait till April 14 to file your taxes. It pays to get them done early. For starters, if you’re expecting a refund then the longer you wait to file, the longer it will take to get that money into your hands. And if you owe money, then you’ll want to know as soon as possible. That way you’ll have as much time as you need to pay it off.
You also need to gather up everything you’ll need to file your return. That includes Form W-2s, Form 1099s, any receipts you might be able to use for deductions, etc. Anything that pertains to taxes you should gather into one place. Of course, you can make the entire process go much smoother by hiring the right tax and accounting firm to prepare your taxes for you.
Your tax season doesn’t have to be a horrible experience. Just plan, prepare and contact GROCO.
The post Are You Ready for the 2019 Tax Season? first appeared on Advisors to the Ultra-Affluent – Groco.
