Prepare Now to File in 2022!

          Time seems to move faster and faster. With the end of the year approaching, now is the time to prepare for filing taxes in 2022. Before we know it, different tax forms will be released documenting activity for this year. How can we get ready for that now?

          Something that has made this year different from others are the advance Child Tax Credit payments and the third Economic Impact Payment. For those who qualified for this income, all documents need to be saved. This will help determine if the Taxpayer is eligible for a credit, especially if they did not receive their full payment. Now is the time to make sure that any address or name changes have been reported to the Internal Revenue Service (IRS) to avoid needless delays. Planning now will make things easier during filing season.

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