Tax Guide
Tax season can be confusing and stressful, and not everyone has the time or knowledge to organize their taxes themselves. At Hylen, we offer tax services that make filing your taxes quick and easy. Keep reading to learn tips and important information to help you file your taxes right!
Tips
- Gather Required Forms: Collecting all necessary forms (W-2s, 1099s, 1098s, K-1s, healthcare tax forms, etc.) in advance will make the filing process much smoother.
- Start Early: Starting early goes hand in hand with being organized. Sorting everything out before filing reduces stress and makes the process more manageable.
- File and Pay On Time: Filing and paying your taxes on time is crucial to avoid penalties. If necessary, the IRS has the authority to take your assets.
- Claim Unemployment Benefits: Even if you only received a few checks and paid taxes on your unemployment benefits, those earnings must be reported on your return.
- Simplify the Process: Reduce confusion and ensure accuracy by consulting with a tax professional.
- Payment Due Date: Remember, just because you may have received an extension for your tax return filing, the deadline for paying your taxes is still upcoming.
Important Considerations
- Quarterly Estimated Taxes: Be mindful of deadlines for estimated tax payments throughout the year.
- W-2 and 1099 Forms: Employers are responsible for sending these forms to employees and contractors, and timely submission is essential for accurate filing.
- Business Tax Deadlines: Different business types, such as partnerships and S-Corporations, have specific tax deadlines.
- Filing Extensions: If you receive an extension for filing your tax return, remember that the extension typically applies only to filing, not to the payment deadline.
Hylen offers affordable tax services for individuals and corporations. We prepare taxes quickly and painlessly, ensuring you receive all the deductions you’re entitled to.
