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Tips for Tax Season

taxPreparationThe deadline for filing your 2015 taxes is right around the corner, on April 18.  This period can be stressful, and it’s further exacerbated if you’re planning on filing for bankruptcy.  You’ll definitely want to make sure you file on time, especially if your plans are to apply your refund towards the fees associated with filing for bankruptcy.  Let’s take a look at a couple of tips to make sure tax season goes as smoothly as possible.

The earlier you can manage to file your taxes, the lower the odds of making a mistake due to rushing and the more time you’ll have to make a payment should one be necessary.  Make sure to get all of your paperwork in order, including those W2 forms that report your earnings.  You may also need a 1095-A form for health insurance and 1099 if you did any independent contractor work involving more than $600 in earnings.

If you’re not planning on using the services of a tax professional, software like TurboTax is a great, easy to use tool that’s also free.  If you’re willing to pay for the premium version, it can also be helpful in finding deductions that could save you money or allow you a larger return.  If you do plan on making deductions, also make sure that you’re claiming the right ones.

These financial tips are provided to you by Fort Lauderdale bankruptcy attorney Bigge & Rodriguez, P.A.  If you need a Fort Lauderdale bankruptcy lawyer or have questions about Chapter 7 or 13 bankruptcy, call 954.400.7322 to speak with us.  We also specialize in foreclosure defense,