Three Steps to Make Tax Time Less Painful
In Part 1 of this series, I discussed the primary source of tax season pain, which to me is that we don’t actually do what we know we need to do throughout the year to be prepared for tax season. This causes us to scramble at the last minute, making it difficult for us to do the things we need to do well. As a result, it becomes difficult to file our taxes in a way that doesn’t cause painful levels of stress, tension, and anxiety, both during the filing process and after the taxes have been filed.
So, now that we’re aware of the source of tax season pain, how do we alleviate it?
Forbes recommends that –
“Tax planning is a year-round process that doesn’t have to be difficult or time consuming. By giving your tax situation some attention several times throughout the year, you may be able to reduce not only your tax bill, but the energy you spend worrying about it.”
“To avoid last-minute (tax) stress, file early and break up the job into little pieces…”
Along these lines, I’ve found that it actually is possible to put a simple system in place to make tax time less painful. The system alleviates the pain of tax time by making it easier for us to do what we need to do, so that we actually do what we need to do, when we need to do it, by –
Continue reading on the FileThis blog…
(This post was orginally posted on the FileThis blog.)