Saturday, February 2, 2008

Tax Forms

Tax Season has begun. You probably have received your W2s. Most of your 1099s will be in your mailbox in the next few weeks - they have until the end of February.

If you are waiting for a K-1 from a trust or a small business, they have much more time to get that info to you. The business has until March 15 and trusts file by April 15.

So, what I'm saying is, know what taxable sources you have to report and wait for the appropriate forms in the mail.

I have a large multi-slot file. I collect the forms as they come. I've just been through it and I know the few documents I need to complete our tax picture for 2007.

Be patient. It's easier to wait than to amend.

'til later

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