How to Make Filing Your Taxes Easier in 2022!

2021 was a year in which we saw many trials regarding business and finance. Millions of Americans received Economic Impact Payments (also known as "stimulus checks"). Tax filing deadlines for 2020 tax returns were extended by the IRS for several states due to extreme weather conditions that left many households without power and/or water. Millions of small businesses received loans to assist them with financial operations while business was staggered due to limitations related to the COVID-19 pandemic.

In spite of everything, Be's Professional Services wrapped up the 2021 tax season and we are already preparing for next year. Whether you received stimulus checks or experienced a loss of income due to illness, you will likely be reporting this year's financial records in the new year. It's never too early to find a tax professional to prepare your taxes and to take steps to make filing taxes easier in 2022.

Gather and organize your tax documents

Gathering and organizing your tax documents in advance make filing an accurate and complete tax return much easier. A complete and error-free return can prevent delays in processing, potentially getting you your refund quicker and saving you from missing any deductions or credits. Speak with a tax professional to get the most deductions and credits you can qualify for.

Before you can file your tax return, you need to have

• Forms W-2 from your employer(s)
• Forms 1099 from banks, issuing agencies, and other payers including unemployment compensation, dividends, distributions from a pension, annuity, or retirement plan
• Form 1099-K, 1099-MISC, W-2, or other income statements if you worked in the?gig economy
• Form 1099-INT if you were paid interest
• Other income documents and records of virtual currency transactions
• Form 1095-A, Health Insurance Marketplace Statement, to reconcile advance Premium Tax Credits for Marketplace coverage
• Letter 6419, 2021 Total Advance Child Tax Credit Payments to reconcile your advance Child Tax Credit payments
• Letter 6475, Your 2021 Economic Impact Payment, to determine whether you're eligible to claim the Recovery Rebate Credit
• Notify the IRS if your address changes and notify the Social Security Administration of a legal name change

Click this link: www.besps.com

Call: 972-296-4237 or Text: 469-458-0401