Hey Key West, are you ready for tax time? Yes, I said that nasty three letter word: TAX. I know that we have just gotten through the holidays. The bills are starting to come in, but believe me, April 15th will be here before you know it.
W2s will not be mailed out until the end of January, and you’re probably just trying to get back in the swing of things. If you start getting your tax items ready now, it will make life much easier when it is time to file. It really doesn’t take that much time if you work on it a little each day. Here are some ideas.If you are planning to itemize, start getting your receipts together. Make a checklistof the things you think you might need. Many banks already have tax information listed
on their web sites that you can either download or print. If you are repaying student loans,
some of the lenders have tax information on their web sites, or they may have sent it out
already.If you think that you are going to do the EZ form this year, you won’t have to gather
all of that information. However, you can still get ahead of the game. If you have not
yet received your tax return forms in the mail, most post offices will have them in stock.
You can also go to the local IRS office to get them. Then, take your last paycheck of
2012 and start filling in the required information. When your W2 does arrive, you can
go over it again to check your figures. After that, it’s a snap to finish filling out the
rest of the information and mail it in. You can even do this online and file your return
electronically.The point is to take some time out of your busy day now, and start getting ready for
tax time. Believe me, it will make you feel much better in the long run. Think of it this
way – if you take a few minutes a day now to get everything together, you may have your
tax return before April 15th. Then, while everyone else is running around trying to get all
of the information they need, you will have already used that great tax return as a down
payment on your new Key West home.So get that tax return done early, and I’ll meet you on the beach on the 15th of April
for a tax return party. It doesn’t matter whether you’re a tourist, looking to move
permanently to the Keys, or just someone who likes the beauty of nature, the great
variety of amenities in the homes in our area is just one more reason to want to
live in beautiful Key West. If you’re interested in real estate in this attractive area
contact me, Jimmy Lane, at Key West Real Estate: 305-766-0585.