HERE ARE THE TOP FIVE THINGS YOU CAN DO NOW TO MAKE FILING YOUR TAXES GO SMOOTHLY. FIRST… SET UP AN ONLINE ACCOUNT AT I-R-S-DOT-GOV-SLASH-ACCOUNT. IT WILL ALLOW YOU MAKE PAYMENTS. IT WILL ALSO LET YOU VERIFY THE AMOUNTS OF YOUR ECONOMIC IMPACT PAYMENTS AND GET INFORMATON ABOUT YOUR ADVANCE CHILD TAX CREDIT PAYMENTS. YOU WILL NEED THIS INFORMATION TO ANSWER QUESTIONS WHEN FILING YOUR TAX RETURN. SECOND… GATHER AND ORGANIZE YOUR TAX RECORDS. THIS INCLUDES GATHERING AND KEEPING IMPORTANT FORMS AND INFORMATION HANDY… SUCH AS W-2s YOU WILL RECEIVE FROM YOUR EMPLOYER AND 1099s FROM YOUR BANK AND OTHER PAYERS IN JANUARY. ALSO… KEEP END-OF-YEAR-DOCUMENTS… SUCH AS FORM 1095-A… THE HEALTH INSURANCE MARKETPLACE STATEMENT… AND IF YOU GOT ADVANCE CHILD TAX CREDIT PAYMENTS IN 2021… YOUR IRS LETTER 6419 YOU RECEIVED… TOTAL ADVANCE CHILD TAX CREDIT PAYMENTS. THIRD… BEFORE THE YEAR IS OVER… MAKE SURE YOU'RE HAVING ENOUGH TAX WITHHELD OR FIND OUT IF YOU NEED TO MAKE AN ADDITIONAL ESTIMATED TAX PAYMENT. FOURTH… INDIVIDUAL TAXPAYER IDENTIFICATION NUMBERS NEED TO BE RENEWED ONLY IF THEY ARE EXPIRED AND IF THEY'RE NEEDED ON A U-S TAX RETURN. AND FINALLY… WANT A FASTER REFUND? FILING ELECTRONICALLY AND DIRECTLY DEPOSITING YOUR REFUND INTO YOUR BANK ACCOUNT IS THE QUICKEST WAY TO RECEIVE YOUR REFUND. IF YOU DON'T HAVE A BANK ACCOUNT… YOU MAY WANT TO SET ONE UP. TO LEARN MORE… VISIT I-R-S-DOT-GOV-SLASH GET READY.
