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Avoid These Five Retirement Planning Mistakes
Avoid These Five Retirement Planning Mistakes Retirement planning and tax planning go hand in hand. Here are five common retirement planning mistakes and ideas on how to ensure they do not happen to you. Here are five common retirement planning mistakes and steps you can take to avoid them. 1. Not having a plan Surprisingly most of us do not know how much money is needed for our retirement years. A retirement plan should consider how long you expect to live, create an estimate of the amount of money you will need, and consider your desired lifestyle during retirement. Your
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Double Check Your Documentation – Better to be surprised now than during an audit
Double Check Your Documentation – Better to be surprised now than during an audit After filing a tax return, most of us are simply relieved another tax year is done. Before moving on to next year, please spend a moment organizing your records. It will help tremendously should you need to refer to them at a later time. Your tax return is completed and you can exhale a big sigh of relief. Not so fast. Do you have adequate support documentation if the federal or state authorities decide to review your tax return? The checklist Here is a check-list to
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How to Get a Copy of Your IRS Transcripts – Need to see what the IRS has in your file?
How to Get a Copy of Your IRS Transcripts – Need to see what the IRS has in your file? Getting copies of the information you have on file at the IRS is not too difficult. Here is how to go about making a request. There are now a number of ways to obtain information filed with the IRS for your tax return. Use the method that works best for you. Online. You can get a copy of most line items on your tax return online at irs.gov using their “Get Transcript” application. The transcript will include originally filed information
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