| By PR Newswire | Article Rating: |
|
| April 14, 2005 11:45 AM EDT | Reads: |
1,826 |
MINEOLA, N.Y., April 14 /PRNewswire/ -- Most Americans have already completed their 2004 tax returns, but there's plenty of time to make next year's tax season go more smoothly. The secret, said Michele Tyson, ExpressTaxRefund.com (http://www.expresstaxrefund.com/) spokesperson, is better recordkeeping.
"One reason so many people dislike tax time is that it is typically so time-consuming to round up all the necessary information," Tyson explained. "There's an easy way to save time and make tax preparation easier: Set up a simple system for keeping good records. It is surprising just how many people have never done this."
The basic categories for which individual taxpayers should keep records, said Tyson, include income, expenses, investments, charitable giving, and home ownership expenses. Additionally, all records in those categories, along with past years' tax returns, should be kept on file for at least three years.
"We advise people to keep all W-2s and 1099s on file, but there are other, less obvious, records that are equally important," Tyson said. "ExpressTaxRefund.com recommends keeping the full year's bank statements, brokerage statements, mortgage and property insurance statements, medical receipts, childcare receipts, healthcare receipts, higher education receipts, canceled checks, and various other proof of income, payments and expenses. Even an inexpensive expanding file folder full of these documents is better than just relying on memory at tax time."
Recordkeeping also serves another purpose: In the event of an audit - the IRS audits about 2% of all tax returns each year - comprehensive records provide the proof necessary to substantiate income and deductions reported.
"When it comes to filing taxes, a little preparation goes a long way," said Tyson. "With complete records, tax returns are much easier and quicker to complete. We really recommend ExpressTaxRefund.com customers invest a little time in some basic recordkeeping."
About ExpressTaxRefund.com
An IRS-authorized e-file provider, ExpressTaxRefund.com was founded in 2002 with the goal of helping people prepare and file their taxes quickly, easily and affordably. Since then, ExpressTaxRefund.com has grown to become one of the most popular online tax preparation services. For more information about ExpressTaxRefund.com, visit http://www.expresstaxrefund.com/.
Contact: Michele Tyson ExpressTaxRefund.com 800-825-4303 http://www.expresstaxrefund.com/news
This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/.
ExpressTaxRefund.comCONTACT: Michele Tyson, ExpressTaxRefund.com, +1-800-825-4303
Web site: http://www.expresstaxrefund.com/
Published April 14, 2005 Reads 1,826
Copyright © 2005 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
- Cloud Expo New York: Why PostgreSQL is the Database for the Cloud
- Cloud Expo New York Speaker Profile: Dave Asprey – Trend Micro
- Cloud Expo New York Speaker Profile: Greg O'Connor – AppZero
- Cloud Expo New York Speaker Profile: James Weir – UShareSoft
- Cloud Expo New York: The Java EE 7 Platform - Developing for the Cloud
- Write Once Run Anywhere or Cross Platform Mobile Development Tools
- Cloud Expo New York: Cloud Architectures Require Scale-Out Storage
- Cloud Expo New York: The Growing Big Data Tools Landscape
- Cisco Unveils Visual Collaboration Solutions in the Post-PC Era, Extending the Reach of TelePresence With New Mobile-to-Immersive Offerings
- Box Brings New Mobile and Social Capabilities to the Post-PC Era Enterprise
- Cloud Expo New York: Cloud Computing and Healthcare
- Big Data – A Sea Change of Capabilities in IT
- Cloud Expo New York: Why PostgreSQL is the Database for the Cloud
- Cloud Expo New York Speaker Profile: Dave Asprey – Trend Micro
- Cloud Expo New York Speaker Profile: Greg O'Connor – AppZero
- Cloud Expo New York Speaker Profile: James Weir – UShareSoft
- Red Hat Executive Appointed to Technology Services Industry Association (TSIA) Support Services Advisory Board
- Cloud Expo New York: The Java EE 7 Platform - Developing for the Cloud
- Doing VDI, Only Better
- Write Once Run Anywhere or Cross Platform Mobile Development Tools
- What Motivates Open Standards in the Cloud?
- Cloud Expo New York: Cloud Architectures Require Scale-Out Storage
- Cloud Expo New York: The Growing Big Data Tools Landscape
- Cisco Unveils Visual Collaboration Solutions in the Post-PC Era, Extending the Reach of TelePresence With New Mobile-to-Immersive Offerings
- The Top 150 Players in Cloud Computing
- Where Are RIA Technologies Headed in 2008?
- FullArmor GPAnywhere Secures Microsoft Application Virtualization Applications Through Group Policy
- SYS-CON's Virtualization Conference & Expo: Themes & Topics
- SYS-CON's Virtualization Journal Opens Its "Readers' Choice Awards" Nominations
- "Virtualization Is Now a Key Strategic Theme," Says Citrix CTO
- Application Virtualization: Instant Migration to Vista, Fast Delivery, Secure Access, Side-by-Side Deployments
- Application Virtualization
- Integration with Windows Vista, Microsoft Excel, and Microsoft Application Virtualization
- Will Microsoft Buy Citrix?
- Has the Technology Bounceback Begun?
- mValent Extends Automated Application Configuration Management to Virtualization Environments























