
Normally we wait until April to file our taxes. (Maybe it's no surprise considering we live in the place that ranked #1 on TurboTax's list of Top 10 Tax Procrastinating Cities.) This year, we finally got things under control and finished our taxes weeks ago. Our secret...
...was to enlist the help of an accountant who helps to keep us organized. If you don't need an accountant, but you do need some help, About.com has a useful list of categories for organizing your tax files as well as tips for preparing your own taxes.
We're wondering about the status of the AT crowd out there. Are you a tax procrastinator? Have you found your own secret to filing early? Share your tips and tricks in the comments below.
Photo: Home Offices from Homes & Gardens
Procrastinator: I keep telling my husband we need to get them done. Although we are too bad. We normally prepare our taxes at the end of March.
view RedMaiko's profile
As an S-Corp, I'm supposed to file in 2 weeks and I still haven't called an accountant. How's that for procrastination?
(Thanks for freaking me out, by the way... I needed that.)
view modtramp's profile
my secret was having a brother in law coming in to town that was going to do them for me.
However we owe them a good amount of money, so I am not happy about that.
view jmorey's profile
I get a lot back every year, so I always do it as soon as possible.
view josie6's profile
My secret: buy a bottle of champagne, only to be uncorked when all filing is complete. Then celebrate!
view lizb's profile
I did mine in February. I just dread the rush in April & I worry about forgetting or coming across a problem, so I do it early. It's always on my mind if I don't do it, so I'd rather feel the relief of having it done. But mine was really simple this year which may be the difference for procrastinators, so it was nice and fast and I used Turbo Tax which I liked better than having someone do it (save a lot of $ too). Of course, with everything else I'm a big-time procrastinator, go figure.
My mom has had to get hers done early the past 7 years so me and my sisters could fill out FAFSA.
view TrueTex's profile
I'm still a student, and still get big refunds. My incentive to not procrastinate is getting my check in the mail, so I filed at the end of January and got my refund mid-February. Works every time!
view lostinprojection's profile
I love doing my taxes (nerd alert!). I prepare them the minute I have all my tax documents, and if I get a refund, I file. If I owe money, I wait until the last minute to send them in. It's all about getting/keeping my money as long as I can!
view MCNicole's profile
My only incentive is I usually get money back.
I also use an accountant because I am self employed and there is a lot to tackle and go over. She usually sends me an organizer and check list of stuff to bring to her to make things quick and painless.
view adamwa's profile
Knowing I am getting a healthy refund is enough incentive to get them done as soon as I get all of my documents
view mpw's profile
I get quite a bit back, so I always have the incentive of wanting the money...this year I treated myself to a nice couch. ;)
view Nevanna's profile
I just think of the tax return, and boom! Done! ^_^
view shadowswimming's profile
I'm always curious to know if I owe anything or not... and if putting some money into my IRA will help with anything. So I usually do my taxes as early as I can, assess the situation and see what I need to do (put some money aside for the IRA, save a bit of money to pay state taxes, etc.), and then file everything at the last minute.
Although this year, everything kind of worked itself out. My federal return is more than what I owe the state, so I filed federal and once I get that refund I can use it to pay the state. :)
view sparkle's profile
If you're due a refund, don't stress. The Feds don't care if it's filed on time or not. They are happy to keep your money for as long as you like.
view nazrd's profile
Schedule the appointment with the contractor for your latest home improvement project - that will force you to get your refund back quickly!
view casafroggy's profile
I used to procrastinate when it came tax-time. My dad taught me how to do my own the old-school paper version way.
Now by doing them online, it does not seem like such a chore, and I do them as soon as I get my W-2s. Knowing you don't have to sit there with the endless piles of paper, reading the instructions, then reading the instructions for the instructions...ick. Go technology!
view hula1985's profile
I always wait until April unless I'm getting a refund and I need it early. I don't consider this procrastination ... if they're due in April, why do you have to do them sooner? I keep really organized records all in one file so on the day I do them it's just a matter of starting up turbotax and plugging in the info. Never takes longer than an hour or so for me.
view ridge_van_winkle's profile
I was lucky enough to marry a woman who's father is a CPA. He gets extremely busy during tax season, so he stays on me the entire month of January. We should have our check back this week :)
view shofner's profile
I have a CPA and I always withhold as much as possible. I'd rather have it in each paycheck than rely on the gov't for a refund.
view Seaside's profile
paying someone a lot of money to do my taxes because they are complicated, I will owe money..pretty much what makes me wait til the last minuet.
view LoriSF's profile
Laughing....! My first reaction to this post was: To hell with taxes, where can i find out more about that desk! It's gorgeous.
Huh? Procrastination? Whaddya mean?
view joathome's profile
i embrace the procrastination, usually it gives me more time to raise the money to pay the hefty IRS bill.
view snowinla's profile
An odious task, at best. Procrastination makes it even worse because you are living it in your thoughts until it is done. I've found the most stress reducing strategy is just to buckle down & do it.
view Fluffy2002's profile
Well, I usually get mine done by Oct 15.....
I must say, though, they don't occupy my thoughts much at all in those intervening months.
view kelleyk's profile
I've done mine as soon as I get all my W2's and paper work. And I've already gotten my refund. Yay!
view sideproject's profile
I used to file practically the minute I got the W-2 forms. (I would figure the taxes based on my last pay stub and wait impatiently for the W-2 to arrive to confirm and complete.) This year I mailed it today -- kind of not in the mood, plus my whole refund will go to credit card debt so the usual plan to do something fun with the refund doesn't play.
view SherryBinNH's profile