Tips on Saving Documents for Income Taxes

Series Summary

IRS. Most people see those three letters and scream! Everything about income taxes seems to be a hassle. If you don't know what you are doing, you may find yourself in a world of trouble. However, how do you learn what deductions you are eligible for? What do you do if you get a letter from the IRS? There are so many unanswered questions that loom in the gray world of the Internal Revenue Service. Although it may be best to go directly to the source, some of your questions can be resolved relatively easily.

In this free video series, let Tom Choisnet tell you a little bit about income tax deductions. He lets you know what kind of documents you should be saving for that dreaded day in April. Learn how to take medical deductions, landlord deductions, and real estate deductions. Also, learn about filing extensions on your income taxes. So, start understanding the IRS's world a little bit better. You may even save some money.

Video Transcript

"Hi it's Tom Choisnet again and this segment we're going to talk about gathering your stuff yup not a whole lot more difficult than now. You'll be surprise how many people come in to my office with the shoe box or they might be gathering information in a big file folder from a file cabinet drawer that they keep at home or a big box for Christmas or anything of that nature. However you gather it is up to you you put your W2's in there, your interest documents, your dividends if you work with a broker, information about a rental property you might have and the basic information you might have, if you have any business activity going on. There should be room in there for your deductions to particular your house stuff and the other things we'll be going through greater detail and other areas on this programing so thanks again."