Do you file and forget? In other words, do you put taxes out of your mind as soon as you file your tax return? You shouldn’t. The IRS has published some action steps to take throughout the year that may affect the tax you owe or the refund you may receive next year. Begin by creating a system that keeps all important tax information together. You can use software for electronic recordkeeping or organize paper documents in clearly labeled folders. Be sure to add tax records to your files as you receive them. Organized records will make tax return preparation easier and may help you discover overlooked deductions or credits. For additional information from the IRS: https://bit.ly/3NzUNwu
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