This year taxes are due April 18 2011. That means you have 4 weeks from today to get your taxes done (if you haven’t done them already).
For all you tax procrastinators out there, here’s a way to “Get Your Taxes Done in 7 Days!”
Days One & Two: Gather your tax information –locate all your tax paperwork, such as your W2’s, 1099’s, interest income statements, and receipts. Put them all in an envelope and write: “Taxes 2010” in big black (or red) marker.
Day Three: Download your tax forms or install your tax software – Block out 45 minutes to work uninterrupted. Get all the tax forms you need from the IRS and fill in your basic information (name, address, social security, income etc.). Or, if you use a software program like TurboTax or Tax Cut, install it and transfer the previous year’s information.
Day Four: Enter your credits and deductions. Enter all the information that you are sure about. Leave any questions for the next day.
Day Five: Research any information that you are unsure of or have questions about. Ask your accountant, call the IRS, or search online at the IRS website.
Day Six: Enter your state tax information.
Day Seven: Check your work and submit!