Well… you probably received your 1099 or W-2 by now. You might even have thought about getting a jump on submitting this year’s returns early!
Tax Filing Date Has CHANGED!
This year the IRS started accepting electronic returns starting January 19. Now, if you’re not an early bird or super organized, not to worry. This year you have an extra 3 days to file on time. Yes, THREE extra days!! The deadline to file taxes this year is April 18 instead of April 15th because of the celebration of Emancipation Day on April 15th. If you are one of the lucky ones to live in Maine or Massachusetts, you have an additional day to file since Patriot’s Day is April 18th, you have until April 19th to file. (see Irs.gov for details)
GET YOUR DOCUMENTS IN ORDER
Be sure to have all 1099s (for independent contractors who have earned $600 or more per client), W-2s for each employer, 1099s-INT for interest paid out or 1099-DIV for dividends paid you you throughout the year, 1099-B from sale of stock, unemployment compensation received, 1099-S from the sale of real estate, K-1 statements from each company you have ownership interest, and any other forms you might normally receive or might be special for this year based on unusual activity of sales or income earned.
If you own your business, be sure to have receipts for expenses handy.
If you made any donations and received receipts, be sure to have them ready to submit.
HOW TO GET MONEY BACK SOONER
Remember, as you get closer to the filing deadline, the Busier accountants get so the earlier you submit your documents, the quicker you can file and, if you are due money back, you will receive it that much sooner!
Did you get value from today’s post? Comment below to let us know and share with your friends so they know the exciting new tax deadlines this year!
P.S. Want a Free Checklist of documents to have to be prepared for filing your taxes? Submit your name & email and have the check list emailed to you.
HOME OWNERSHIP CAN BE AN ASSET ON YOUR TAXES
Don’t forget that home ownership can be a very wise decision. You may be able to save yourself thousands in taxes through the mortgage interest deduction. The Jeff Buffo Team is always ready to help you find your dream home.