There’s really nothing fun about preparing a tax return. In fact, it’s a task famously associated with procrastination, late deadlines, and headache. While it’s unlikely to be anyone’s favorite hobby, it doesn’t actually have to be the hassle it becomes for so many people. Taking a few simple measures can make it if not a pleasant, at least a worry- and hassle-free experience.
April 15th has become a notorious day in the United States, but the day when we all must file our tax returns has similar connotations all around the world. When I was young I remember the anxious environment that often accompanied the approach of that dreaded day.
Most people dread it. The 15th of April can be like a guillotine waiting to strike, and for others it may seem like a deadline that can never be reached. But tax day does not need to be that way. In fact, with the proper tax preparation, April 15th can be a day for joy, not for sorrow.
No one wants to be caught with her or his pants down when tax time rolls around. Being prepared to file your federal income tax payments and/or returns means being aware of what need ahead of time, and staying organized throughout the year.
On May 28, 2003, amidst considerable acclaim, President George W. Bush signed the Jobs and Growth Tax Relief Reconciliation Act of 2003. Most prominent among its numerous provisions was the lowering of tax rates, particularly on dividends and capital gains.
With only a few days left for taxpayers to remain focused and carefully complete returns, the California Society of Certified Public Accountants (CalCPA) offers ten last-minute tips to help ensure error-free filing, minimum delays and timely refunds.