IRS.gov | 09-Feb-2023 | Taxes | Insurance Quoting Portal | Types of Insurance with Shield Agency
Tax planning is for everyone. Get ready today to file your 2022 federal income taxes. Planning ahead can help you file an accurate return and avoid processing delays that can slow your tax refund.
Steps you can take now to make filing taxes easier in 2023
Create or access your account information at IRS.gov/account
Use your online account to securely access the latest information available about your federal tax account and see information from your most recently filed tax return.
You can:
- View your tax owed, payments, and payment plans
- Make payments and apply for payment plans
- Access your tax records
- Sign Power of Attorney authorizations electronically from your tax professional
- Manage your communication preferences from the IRS
Gather and organize your tax records
Organized tax records make preparing a complete and accurate tax return easier. It helps you avoid errors that lead to processing delays that slow your refund and may also help you find overlooked deductions or credits.
Wait to file until you have your tax records including:
- Forms W-2 from your employer(s)
- Forms 1099 from banks, issuing agencies, and other payers including unemployment compensation, dividends, pension, annuity, or retirement plan distributions
- Form 1099-K, 1099-MISC, W-2, or other income statements if you worked in the gig economy
- Form 1099-INT if you were paid interest
- Other income documents and records of digital asset transactions
- Form 1095-A, Health Insurance Marketplace Statement, to reconcile advance payments or claims Premium Tax Credits for 2022 Marketplace coverage
- IRS or other agency letters
- CP01A Notice with your new Identity Protection PIN
Notify the IRS if your address changes and notify the Social Security Administration of a legal name change.
Remember, most income is taxable. This includes:
- unemployment income,
- interest received,
- income from the gig economy, and
- digital assets.
Check your Individual Tax Identification Number (ITIN)
Read more on preparing for taxes…
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