Tips for Preparing Your Federal Income Tax Return
The April 15th tax filing deadline will be here before you know it.
By Greg Roberts Despite the kerfuffle over the possibility of another fiscal cliff and more income and other taxes, it is only natural to feel some unease over what may transpire in the next few weeks. But focus on the taxes that you will owe now. Your preparation for April 15th doesn’t have to be as painful as it may have been in years past, particularly if you remember a few important tips. First, don’t think that just because you didn’t receive a 1099 from another person or entity you did not have taxable income. Remember Tom Daschle, the former senator from South Dakota and Senate Majority Leader, who had to withdraw his nomination as Obama’s health czar? Daschle “forgot” to include $340,000 in income because he had not received a 1099…
