Taxation & Estate Planning

How to Make Paying Taxes an Easier Process

By Darrin Mish

A checklist makes sure that you have everything you need when it's time to pay taxes. The process will not be nearly as troublesome because it is simplified by the checklist.

Filing taxes is serious business that requires a lot of focus. An IRS issue is imminent if you get distracted. If you are not doing your taxes in one go, at least plot specific tasks to help you focus.

The next step after you focus is to start the task at hand. Many people get everything ready. They'll purchase supplies, arrange their workspace, straighten up papers, wash the dishes, tidy the house, and basically do everything else, except finish their tax returns. College students typically say that nothing tidies their dorm room faster than having a college essay due the next day. When it comes to filing taxes, the same is true for most people. They will get everything prepared, and then procrastinate until they end up filing an extension. Everything moves quite slowly when people start doing taxes; that is the problem. You will be running through those tax forms eventually, however, because this won't last long. You just have to get started.

Getting organized is something you should do. Many people's taxes are easy because they do not have too many income sources or assets. A W-2 form from their employer and then a 1040EZ are all they should fill out. For other people, it is a bit more complex. These people must organize. If you're organized, it will be easier to file your taxes, and if the IRS decides to audit your tax return, you can represent yourself better. Anybody who's ever shown up to an IRS audit with a box full of various receipts can tell you how it is. When it comes to your taxes, it is always better to get prepared.

It's plenty of work to stay updated on the tax code's various yearly changes, as well as the amendments of your personal situation. However, if you really must take advantage of as many deductions as you are allowed to have, it will absolutely help out and potentially minimize how much you should pay the IRS if you take the time to update yourself on the recent guidelines that pertain to you and your taxes. You can examine the short, free IRS Publication 17 which is 298 pages, or you can do searches online and at the library and just read up on the latest and most essential amendments to the tax code. Employ a tax professional if you really must maximize your deductions. They can help you avoid handling IRS issues and ensure you get the most out of your deductions.

Darrin T. Mish is a nationally recognized tax attorney whose practice represents clients nationally and internationally with IRS problems. With over a decade of experience resolving clients? IRS issues, he is AV rated by Martindale-Hubbell and has been honored by a listing in Martindale-Hubbell?s Bar Register of Preeminent Lawyers. He is a member of the American Society of IRS Problem Solvers and the Tax Freedom Institute. With a passion for providing IRS help to taxpayers with both individual and payroll tax problems, he travels the country training attorneys, CPAs, and enrolled agents on how to handle their toughest cases with the IRS. If you would like more information about his practice and how he can help you, please call his office at (813) 229-7100 or toll free at 888-GET-MISH.

Full post as published by IRS Problem Solver Blog on August 15, 2009 (boomark / email).