Tax season is not here but it's right around the corner. I mention that it's not here yet because we do have some clients that are so organized and on top of things that they call for tax forms in January before they're even printed. You shouldn't expect to start getting tax forms until the very end of January or the first week of February. Even then, there are some types of investments that aren't required to send tax forms until much later - foreign investments, for example. This can be frustrating for people who like to file early or for those expecting a refund.
I dread getting my paperwork ready for our CPA more than paying the taxes themselves. I learned years ago to establish a file for any tax forms that start rolling in as soon as I get the first form. You'll probably want to create both an electronic file in the form of an email folder and a paper file. You're likely to receive forms via both methods.
I highly recommend hiring a CPA to do your taxes for everything except the simplest of returns. Owning a business or real estate, a change in marital status, and the death of a loved one are all examples of good reasons to hire a CPA. I've studied the tax code quite a bit and I'd never consider doing my own taxes. The process is just too complicated and it's ever-changing. I don't use online software either because I want a live person who can answer questions.
You've probably heard the saying, "The only two things that are certain are death and taxes." Here's hoping for a hassle-free tax season and huge refunds! Please call if we can help you in any way. At Seasons Wealth, we help clients plan for all seasons of life... especially tax season.