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It's Tax Time again

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February 4, 2003

Albany - It's time to tackle those dreaded taxes, but filing your taxes doesn't have to be a headache. You're first step - get organized. Categorize and total your receipts. Then, gather your official documents like W-2 forms, 1099's, broker statements, tax receipts, and social security numbers of new dependents.

If you choose to get an accountant, your organization will save you money. "You should remember that most accountants charge by the hour," said CPA Alan Ladson with Draffin and Tucker, LLP. "If your information is in order the CPA can get the job done faster, and you'll get your return sooner."

If you plan to file your own taxes, make sure to read the instructions carefully. The most common mistake people make is overlooking a deduction which means you'll lose money. Remember to tell your accountant if your martial status or job has change in the latest year or if you had any children go to or graduate from college.

Posted at 4:02PM by kathryn.murchison@walb.com

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