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Follow on Google News | 5 Tips From Rob McKell On Preparing Your Personal Tax DocumentsFiling personal taxes is never easy, but Rob McKell will help make it a little easier on people filing their own returns by offering these five tips
By: Rob McKell Tax season has officially begun again, and that means that people across the country are preparing their documents to once again file their earnings and tax payments with the IRS. Since mistakes can be costly, such as leaving money behind with the IRS or potentially underpaying and facing possible penalties, here are five tips from Rob McKell to follow to ensure that you stay on top of personal tax papers this year. 1) Keep all records in one place to avoid losing important papers or struggling to track everything down at the last minute 2) Review all tax documents as they come in to make sure that all the necessary paperwork is received and that it is all accurate. Failure to notice a missing 1099 could result in discrepancies based on how much income the person claims versus how much the company says he was paid. 3) Those with children should verify each potential benefit, including the child tax credit and an extra dependent 4) Consider filing earlier to get any returns faster as well, this will also help to reduce the stress around the April deadline 5) Use the Free File or a tax preparer to help make sure each necessary paper is properly filled out and submitted Filing taxes never is a fun or easy task. Those who are working on their documents themselves should carefully review the process to make sure that they do not miss any important information or steps along the way. No one wants to learn they made a mistake by receiving an angry letter from the IRS after an audit a few years down the road. About Rob McKell Rob McKell is an entrepreneur who assists with personal wealth and finances, and is dedicated to the charitable scenes in Utah, Hawaii and other places around the world. No matter what time of year it is, financial health should always be a priority. Contact Rob McKell today for additional guidance on personal finance and wealth management. Visit http://robertmckell.org/ End
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