Tax season is almost here, and many people dread filing for a myriad of reasons. If you’re in need of tax help for 2019, don’t fear. The following tips will set you on the right path and remove some of the stress associated with tax return preparation.

3 Tips for Filing Taxes in 2019

1. Make Sure Records Are Well Organized

Many people seek out tax help for deductions. While they’re great for lowering your overall tax burden, you may be asked to provide documents if the IRS calls your return into question. If an audit is initiated, you’ll need to provide a variety of documents, and if you have difficulty pulling together these items, the stress will only be compounded. Keeping organized records is a must in this case. This includes receipts for items you hope to deduct from your taxes, which can be everything from computer equipment to fuel costs.

2. Report All Income

If you earn $600 or more with your side business or second job, it must be reported on your tax return. Failure to do so could land you in trouble and potentially rack up exorbitant fines and penalties. Additional income is reported on the 1099 form, and you should receive a separate form for each instance of additional income.

3. Get Professional Tax Help

Even with the above tips, you may still be confused by filing taxes. Consider enlisting professional tax help; an accountant will ensure that your return contains all pertinent information included. They can also provide guidance on things like deductions and credits and will also possess knowledge of the tax code that you may lack.

If you need tax help in Staunton, VA, Roy E. Carter, CPA, PC is here to lend a hand. With more than two decades of experience, these CPAs are adept at tax preparation for both businesses and individuals. They also provide IRS representation in the event you’re audited, which can be highly reassuring. Other accounting services include bookkeeping, business consulting, and payroll. Schedule a tax consultation today by calling (540) 886-6251. You can also learn more about the services offered by visiting the website.