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If you are looking for tips to get started on your 2013 tax season, take a look right here for what your local Tax Preparer has for suggestions. Filing taxes is a requirement for all working citizens here or abroad, so trying to make the most of them takes some preparation and good choices. For some people, the 2012 tax season ended last week with the filing extension deadline. Getting a head start for next year's tax season could get you done with the process by the April deadline instead. Paying tax liabilities have no extension, so if you can get the paperwork together, you will not have to stress for the majority of the year with getting your paperwork filed. Here are some things to help prepare you for this next tax season. *If you get a big return at tax time but live paycheck to paycheck throughout the year. you can change your with-holdings in order to have more money throughout the year. *Locate your 2011 tax papers and start a new file folder for papers you will need to do your 2012 taxes. If you have receipts which you are saving, include those in the same file. Organize them by category and dates. Use envelopes or additional file folders kept readily so these next few months will not get lost in the shuffle of holiday receipts. The more you can prepare before the holidays start, the better organized you will stay during this busy time of year. *Go through your paycheck stubs and verify that your employer had been withholding correctly. If you find a mistake, you can check with your employer to correct the situation with plenty of time to get results. Last minute corrections will add to the tax season stress for you and your employer. *Get your localtax preparer lined up for the tax season. If you realize that using a professional tax preparer will be the best option for your situation, save on stress and start the search today. *You have just over two months to make your final contributions for 2012. Take advantage of early mortgage or property tax which can be itemized in your deductions. Your tax preparer can help steer you in the right direction in order to maximize the benefits of tax deductions. *Monitor the updates to tax laws. This election year will prove to be interesting down to the end with tax credits expiring and possible new laws being passes. Keep yourself informed. The IRS website will offer all the latest news and updates. The American Opportunity Tax Credit is due to expire. You may be able to take advantage of the $2500 tax credit by paying your 2013 tuition costs this year. Everybody's tax situation is different, and your personal tax preparer will be able to work with you to keep your tax liabilities to a minimum while maximizing on any possible returns. Chris Reeder and Associates Certified Public Accountants is conveniently located in Murrieta, California, but our entire staff of accountants, CPA's and personal or business tax service professionals frequently visit our client's at their location. So, if you can't come to us, we'll certainly come to you.
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