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If you’re gearing up to file taxes for the first time, don’t worry – you don’t have to do it alone. Dianne M. Saunders, CPA is a reputable accounting firm based in Litchfield, CT, and their team of tax planning professionals has a lot of great tips for first-time tax filers.

Follow these three pieces of expert advice from a trustworthy CPA firm and before you know it all of your friends will be asking you for tax advice:

  • Gather Your Employment Materials: Many first-time tax filers don’t realize what type of documentation they need to gather and organize ahead of time. Save yourself unnecessary stress and make sure you have everything in order in advance. You will need a W-2 form from every employer you’ve had in the last calendar year as well as 1099-MISC forms from any independent contracting jobs you’ve had in the last year.
  • Gather Documents That Could Earn You More Money On Your Tax Return: There are lots of ways to maximize your tax return. If tax-preparation-litchfield-ctyou’re currently paying off student loans, make sure you have documentation from the lender as proof before you do your taxes because it’s a great deduction. If you’re currently paying off a mortgage, making charitable contributions, or supporting a dependent, you may be able to take even more deductions.
  • Choose A Filing Method: There are basically three ways to file your taxes. You can file your taxes manually, with the help of a tax filing software, or with help from a professional CPA firm like Dianne M. Saunders, CPA. You really shouldn’t file your taxes manually unless you’re an expert, so that leaves either a tax software program or a professional tax consultant. Hiring a tax preparation professional is beneficial because they’ll make sure you get the biggest possible return without violating any IRS rules or regulations.

If you’re ready to get the best possible tax return when you file for the first time, schedule an appointment with Dianne M. Saunders, CPA. Visit the CPA firm online or call them at (860) 567-3022 for more information.

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