Tax Season often brings in stress and a lot of workload for individuals. It becomes difficult to manage the tasks without proper planning. Here are a few things you must keep in mind during Tax Season 2021.

1. TAX SEASON 2021:
WHAT YOU NEED TO KNOW

2. Tax Season often brings in a high level of
stress and workload for everyone.
Constantly changing tax laws and regulations
can cause inaccuracy while filing returns.
Therefore, it is crucial to keep somethings in
mind while accomplishing the tax-related
tasks.
Here are a few things you need to know.

3. Important Dates
February 12 IRS begins accepting individual tax returns
March 15
March 31
April 15
June 15
September 15
e-Filing of Business forms 1099 & 1096 due
Deadline for corporate tax returns
Last date to file individual taxes for 2020
Deadline for second-quarter
Deadline for third-quarter
October 15 Extended deadline for 2020

4. Tips to Keep in Mind for
Tax Season 2021-

5. 1. Start Early
Preparing for the tax season beforehand can
reduce the chances of a last-minute rush. It
can further lead to inaccuracy and penalties
from IRS.
Also, early filing provides comparatively faster
refunds.

6. 2. Gather Data
Collecting information, including personal
documents, receipts, salary slips, and charity
proofs, can help streamline the tax-related
workflow.
The gathering helps save time and improves
efficiency.

7. 3. Leverage Cloud
Adopting technological solutions like cloud
computing allows you to access your data
from anywhere and at any time, along with
scalable resources.
Investing in tax software hosting services
helps file returns faster and seamlessly.

8. 4. Beware of Frauds
Tax Season often comes with an increase in
cyberattacks and scams that can cause
privacy concerns for your business. Therefore,
it is crucial to stay vigilant from these attacks.
Implement cybersecurity and contact IRS in
case of any tax-related issues.

9. 5. Stay Informed
The ever-changing tax-related dynamics
make it difficult to file accurate returns.
Therefore, staying up-to-date with the latest
news is crucial to avoid penalties.
Checking reliable sources like IRS regularly
provides trustworthy information.

10. 6. Maintain Health
Even though Tax Season can be challenging,
it is essential to maintain healthy habits and
the environment. It helps to give better
productivity in the long run.
Drinking plenty of water, taking regular
breaks, and exercising daily are some tips to
follow.

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