Tips for Preparing your 2013 Federal Income Taxes
April 15 will be here before you know it.
Despite the kerfuffle over the possibility of another fiscal cliff and increased income and other taxes, it is only natural to feel some unease over what may transpire in the next few weeks. But we must focus on the taxes that we will owe for 2013. Your preparation for April 15th doesn’t have to be as painful as it may have been in years past, particularly if you remember a few important tips. First, don’t think that just because you didn’t receive a 1099 from another person or entity you did not have taxable income. Remember Tom Daschle, the former Senator from South Dakota and Senate Majority Leader, who had to withdraw his nomination as Obama’s health czar? Daschle “forgot” to include $340,000 in income because he had not received a …
