Wendy Skaggs EA

02/05/2025

Issue Number: Tax Tip 2025-14

Gathering records is the first step of tax preparation.

Taxpayers should start gathering and organizing records to prepare for filing their 2024 federal tax returns. They need all year-end income documents to help them file a complete and accurate return and avoid refund delays.

The Get Ready page on IRS.gov offers practical tips and resources to help taxpayers prepare. It highlights key updates and essential steps for making tax filing easier in 2025.

Documents

Taxpayers should keep all necessary records, such as W-2s, 1099s, receipts, canceled checks, and other documents supporting all income, deductions, or credits reported on their tax returns.

Most taxpayers should receive income documents, including:

Forms W-2, Wage, and Tax Statement.
Form 1099-MISC, Miscellaneous Income.
Form 1099-INT, Interest Income.
Form 1099-NEC, Nonemployee Compensation.
Form 1099-G, Certain Government Payments – such as unemployment compensation or state tax refund.
Form 1095-A, Health Insurance Marketplace Statements.
IRS Online Account

An IRS Online Account makes it easy for taxpayers to quickly get the necessary tax planning info. With an IRS Online Account, they can:

View key details from their most recent tax return, such as adjusted gross income.
Request an Identity Protection PIN.
Get account transcripts to include wage and income records.
Sign tax forms like powers of attorney or tax information authorizations.
View and edit language preferences and alternative media.
Please take a look at the notices and letters.
View, make, and cancel payments.
People should visit How to Register for Certain Online Self-Help Tools for more information about how to create an IRS Online Account or how to reset the username or password.

06/10/2024

https://www.irs.gov/newsroom/newlyweds-tax-checklist

Tax Tip 2024-57, June 10, 2024 — Summer wedding season has arrived, and newlyweds can make their tax filing easier by doing a few things now. A taxpayer's marital status as of December 31 determines their tax filing options for the entire year, but that's not all newlyweds need to know.

10/05/2023

will NEVER demand payment on a prepaid or gift card. It’s a scam! Tax security isn’t a lottery, give us a hand by warning your loved ones not to fall for tricks. www.irs.gov/scams

03/30/2023

http://ow.ly/XjaX50NuHip

Tax Tip 2023-42, March 30, 2023 — It’s important for taxpayers to file a federal tax return that has a complete and correct reporting of their income – which may mean including income from sources other than regular wages from an employer. Income from gig economy activities and tip income are ...

03/15/2023

: Some things taxpayers getting ready to file should know.

Tax Tip 2023-33, March 14, 2023 — With the 2023 tax filing season in full swing, taxpayers should be sure to visit IRS.gov for updated resources and tools to help with their 2022 tax return.

03/09/2023

💯The biggest communication problem in closing sales is we don’t listen to understand the client’s needs; we listen to reply. 🎙️

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03/08/2023

: Taxpayers should know that an extension to file is not an extension to pay taxes.

Tax Tip 2023-30, March 8, 2023 — Taxpayers who aren’t able to file by the April 18, 2023, deadline can request an extension before that deadline, but they should know that an extension to file is not an extension to pay taxes. If they owe taxes, they should pay them before the due date to avoid ...

03/07/2023

✅This is a powerful statement that emphasizes the importance of choosing the right company in life. It suggests that in order to succeed in life and achieve our future goals, we need to surround ourselves with people who share our vision and ambitions, rather than those who are stuck in the past or who hold us back.

✅When we surround ourselves with people who fit our future, we are more likely to be motivated, inspired, and encouraged to pursue our dreams. These people can provide valuable support, guidance, and feedback, and can challenge us to reach our full potential.

👉🏻On the other hand, if we continue to spend time with people who are stuck in their past or who are negative and unsupportive, we may find ourselves held back by their limiting beliefs and attitudes. This can hinder our growth and make it difficult to achieve our goals.

✅Therefore, it's important to be intentional about the company we keep and to choose friends, mentors, and colleagues who share our values, aspirations, and vision for the future. This can help us to stay focused, motivated, and on track to achieve our goals and create the future we desire.

02/22/2023

: Common mistakes international filers make using Free File Fillable Forms.

Tax Tip 2023-23, February 22, 2023 — Free File Fillable Forms are electronic federal tax forms taxpayers can fill out and file online for free, enabling them to Choose the income tax form they need, enter their tax information online, electronically sign and file their return, and print their retu...

02/07/2023

: Understanding business travel deductions.

Tax Tip 2023-15, February 7, 2023 — Whether someone travels for work once a year or once a month, figuring out travel expense tax write-offs might seem confusing. The IRS has information to help all business travelers properly claim these valuable deductions.