Your Basic Guide to Tax Preparation

There are a few ways in which to prepare your taxes. You can either file yourself on paper to mail in to the IRS or e-file through their website, file through a chain tax preparation company such as Jackson Hewitt, or by using tax preparation software such as TurboTax. It’s up to you to decide which of these is ideal for your particular situation.

Choosing Your Method

If you have a straightforward tax situation and you are extremely careful, you can get the forms from the IRS website and send them in yourself. This isn’t the best method for many people because you might miss something.

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You can go to a site near you for tax preparation services from a professional tax person. The issue here is that you’ll have to pay more than you probably want to pay. However, it’s a good idea if you don’t have the time to do the process yourself.

A good option for most people is using software for this purpose. Make sure you have your documents and all your income, interest, deductions, and other information on hand, so you don’t have an interruption. If you owe anything, you can pay through the IRS site. You also may be able to go to a location to pay your taxes. If you’re going to receive a tax refund, you can get this via direct deposit, a check through the mail, or on a debit card.



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