At my job, January is a busy time for me.
I reconcile bank accounts, prepare payroll tax returns, and get together W-2s and 1099s for all employees.
At home I try to pull together all the information that we’ll need for our personal tax return. Since I have recently reconciled all personal bank accounts and received my own W-2, I plan to gather and classify the self-employment numbers and fill in my tax summary sheet.
And I’ll file away last year’s bank statements. My paperwork clutter should improve considerably.
Do you try to file your tax return early or late?