Tax Filing Tips For Last-Minute Filers

Last Minute Tax Filing Tips

Tax season is almost here, and if you are one of the many individuals waiting until the last minute to file your taxes, these helpful tax filing tips will help you accomplish this task with ease, even at the last minute:

  • While you may have heard that you do not have to report income that was made in cash, you legally must report all income, whether you receive it in the form of tax, tips, dividends, or bonuses.
  • Another common tax filing myth is that you do not have to report income that was earned in foreign country. That income word came up again, which means it is taxable.
  • Many new workers assume that they do not need to file taxes until they turn 18 years old. Even those who work part time must claim their income.
  • While you may be eager to fill out the tax forms yourself since you are under the impression that tax preparers are using the same forms that are available to you, it is important to consider the risk of error. The last thing you want is to make a mistake when the deadline to file your taxes is just around the corner.

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