Tax Season Checklist
January 18, 2017
After ringing in the New Year, it is easy to forget tax season is right around the corner. The Indiana Department of Revenue has created a list to help you prepare for a stress-free tax season.
- Gather your receipts. Collect your receipts from 2016, and keep them organized by tax or deduction type (e.g., insulation deduction, property tax statement). Keeping documentation organized makes it easy to determine for which credits and deductions you’re eligible.
- Keep track of necessary documents. Make a list of documents you’ll need to file your return, such as W-2s, 1099s, or 529 account statements. Check the items off your list as they arrive to prevent you from filing with incomplete information.
- Take stock of your life. Big life events, such as marriage, divorce, having children, or moving, can have an impact on your filing status and withholding. Check with the human resources department at your workplace to make sure your current information is on file.
- Review online purchases. Did you pay sales tax on online purchases made in 2016? If not, you will owe use tax to Indiana.
- Don’t use that paystub! Paystubs don’t include all information needed to successfully file your tax return. Wait to file until you receive your W-2. You should receive your W-2 from your employer by the end of January.
Have questions? Visit www.in.gov/dor/3325.htm for department contact information.
January Issue of Tax Dispatch Now Available
January 11, 2017
The January 2017 issue of Tax Dispatch is available online now. The newsletter is written to assist tax professionals to better serve taxpayers and provide helpful resources.
The new issue highlights:
- 2016 Legislative Update – Review important changes and updates made to Indiana tax laws during last year’s legislative session.
- Prepping for Tax Season – Check out the department’s announcements regarding the 2017 tax season
- INBiz Launched – Get familiar with INBiz, which is an online portal that replaces the department’s previous business registration process known as the BT-1.
Click here to read the latest issue of Tax Dispatch.
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