Today's TaxTip from AKAS II

If you use your car or truck for business, read your vehicle's odometer on New Year's Day. Make a note of this number in your mileage log, calendar, journal, or appointment book.

January is the month to get organized! Check out the Recordkeeping Kits for more!

Watch your mail for envelopes marked Important Tax Documents! Form 1099's are being sent in January. Are you required to give a 1099 to someone you paid last year? Consult your General Tax Guide!

If you are due a refund for Tax Year 2011, file as early as possible. Beware of Refund Anticipation Loans. Use e-file and direct deposit for a fast and secure refund!

Avoid the penalty on Estimated Taxes! Voucher 4 is due January 17, 2012.

Today's TaxTip SM   is a free service of AKAS II and does not contain legal or tax advice. All publications and services of AKAS II are designed to contain accurate and authoritative information in regard to the subject matter covered, but they are sold with the understanding that its author and the publisher are not engaged in rendering legal, accounting, or other professional services. If any legal advice or other expert assistance is required, the services of a competent professional person should be sought. While every effort has been made to provide accurate information, neither the author nor the publisher can be held liable for any errors or omissions. The publisher does not guarantee or warrant that the readers who use the information provided in its publications, services, or web pages will achieve similar results to those discussed.

Revised 01.02.12. Copyright 1999-2012 AKAS II. All Rights Reserved.

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