Tips on Saving Documents for Income Taxes

Part of the Video Series Advice for Your Income Tax Deductions

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Learn some tips on what you should save for income tax purposes in this free educational video on about understanding your income tax deductions.

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Tips on Saving Documents for Income Taxes
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.

About the Expert

Expert: Tom Choisnet He has been in self-employed tax practice for over 40 years and he has been an enrolled agent since 1968. He has prepared over 35000 tax returns. Read More