Use last year's tax forms as a guide for what you need to file. Start preparing early because the I.R.S. has increased some of their fines this year. Also, be proactive and keep your paperwork like W-2 forms, medical records, and receipts organized in case you are itemizing.
"A lot of times, you do not have all your receipts but you can use your bank account statement as references," says Armando Salgado, Owner of A&S Bookkeeping, LLC.
Salgado says the biggest mistake people make is filing their children as dependents wrong. This can result in a fine of over $500, last year that error was only a $100 penalty. If you have any questions, you can go to the I.R.S. website by clicking here.