It’s said that the longest journey starts with a single step.
How to file taxes? Whether you’re going to file your own taxes, 0r use tax preparation services, your first step before you prepare and file a tax return is to make life easier and gather all the pertinent filing information from the past year. That may include:
- A W2 form
- A 1099, or multiple 1099s, and documentation of expenses. A basic thing to know as a side business taxes guide is that you’ll get a 1099 from all who paid you $600 or more during the year.
- For self-employed people (who run a business and don’t receive 1099s), you’ll need documents about your revenue and expenses.
