The April 15th tax deadline is coming up fast, but there's still plenty of time to get your documents in order and avoid the costly penalties that can come from procrastination. Hal Surratt CPA, a tax accounting expert serving the High Point, NC area, offers some last-minute tax preparation tips.
To minimize your tax liability, prevent mistakes, and increase your refund, Hal Surratt CPA recommends:
Staying Organized: Gather all of your relevant income statements, like W-2s and 1099s, as well as receipts for any tax deductible expenditures, like job search expenses, business expenses, and charitable contributions.
E-File With Direct Deposit: When you file your returns online, the IRS will process your refund more quickly. When you have your return directly deposited, you'll receive your refund within 3 weeks.…