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2005 Tax TipsAsk a Question Follow

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Prepare for Tax TimeTax Time, I hate it. However, there are a few things I do to prepare. Start only when feeling sharp, refreshed, and clear headed. If there are errors, it will only delay that return you need so badly.

 

A file folder for tax receipts.

Home Business Tax Deduction ChecklistIf you're running a personal business, you need to keep close fiscal records for each year's income tax. Keep track of both your earnings and your deductions, and save a receipt for everything.

 

A photo of tax forms.

Saving Money on TaxesTips for saving money on taxes and tax preparation. I would recommend going to a tax professional at least once in a while. Usually they do know more than you do about taxes and you might learn from them.

 

Organizing Tax Receipts

Organizing Tax ReceiptsIt is not a coincidence that the word "taxing" and the forms we file each April have the same root word. For me the concept of filing taxes would be impossible without a computer program that does the work for me.

 

A stack of tax paperwork.

Earn Tax Credits and Save EnergyTax returns are a pleasant springtime surprise for many. By cashing in on deductions, one can make that surprise even bigger. One of the deductions to plan for in the upcoming year is the Energy Policy Act of 2005.

 

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