Tax Season Do’s and Don’ts

ERock Photo - Tax Season Again 1.24.14It’s That Time…

We frequently hear from others, do this…don’t do that. I am going to focus on the do’s of preparing for tax filing and, I am going to simplify this process for you. Below are a few bottom line tax tips I discussed on my radio spot this week on WNBP

Now is the time to organize all of your tax-related documents.

Tip: Be sure not to file until you have all necessary documents. We recommend using “the envelope technique;” allocate an envelope you can store your forms and documents in when they start coming in the mail.

Once this is complete, reach out to your CPA to set up an appointment.

Ask Lots of Questions Now – Even If It’s for Next Year

Tip: Ask any questions you may have early in the season…don’t wait until the day of your appointment. Get them out of the way now to be better prepared and efficient.

Find The Best Tax Preparer for You

Tip: Do find the right preparer for you…don’t do the return yourself. Even if you think they appear simple, some of the forms are quite complex. You want to ensure you receive the refund you deserve and a professional CPA provides this for you. At Erock Tax, we offer a full comprehensive service. In our tax-planning and financial planning firm we offer year-round services, as well as eminent education and information that you may not receive elsewhere.

Worth the Investment

Tip: Do pay the qualified advisor…following what  your neighbor does is not effective. Everyone’s situations are totally different, that’s why you want to pay the qualified advisor. He or she will take you the rest of the way to ensure you get the refund you deserve and your personal questions are answered.

Get The Refund You Deserve

Tip: Do get the refund you deserve…don’t continue your old tax and financial habits. Why would you want to volunteer more money in advance just to get it back?

If you follow these tips, speak with your advisor now and get organized, your tax season should be smooth sailing!

Win Damon and I spoke about the Do’s and Don’ts in more detail on WNBP.com and FM radio 106.1.  You can click below to hear our chat.

 

 

With more than 25 years of experience as a credentialed tax professional, Stu Steinberg brings a broad depth of knowledge to his work. Stu founded Erock Tax to help provide tax strategies to individuals, families and small businesses. He also uses his CPA expertise to help each client navigate their long-term debt and mortgage, gaining them the best deals and rates possible. Stu is passionate about empowering his clients through education about their tax health. He is highly energetic and brings a sense of optimism, creative problem-solving and a deep level of commitment to every Erock client.

10 Common Income Tax Snafus

ERock Photo Tax Season 2013 1.21.2013Our complicated tax code leads to many common mistakes that are made on returns every year.  I see these mistakes daily in my office with new clients, especially the ones who used to try and do their returns themselves!  Some of these SNAFUS include missing or incorrect  social security numbers, math errors, filing late, or not filing at all!

My Common Tax Snafu chat with morning guy Win Damon on WNBP.com and FM 106.1 in Newburyport is below.  Win and I have great Tuesday morning discussions at 8:30 am on the important tax and financial topics of the day.  Listen in if you can and ask any questions you may have. I hope to answer your questions throughout the winter.

 

 

With more than 25 years of experience as a credentialed tax professional, Stu Steinberg brings a broad depth of knowledge to his work. Stu founded Erock Tax to help provide tax strategies to individuals, families and small businesses. He also uses his CPA expertise in many areas of personal finance.  Stu is passionate about empowering his clients through education about their tax health. He is highly energetic and brings a sense of optimism, creative problem-solving and a deep level of commitment to every Erock client.

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