Stress-Free Tax Preparation: Essential Tips for 2025

Nearly 30% of Americans procrastinate on their taxes, causing stress and potential errors. In this episode of the Locum CPA podcast, Stephen Lee, a Chicago-based CPA, shares vital tips on preparing for tax season smoothly and efficiently. Learn how to organize your documents, understand your tax position, and choose the right filing method to avoid last-minute panic. Key steps include creating physical and digital folders, confirming your filing status, and knowing your deductions and income sources. Stephen also highlights important tax deadlines for 2025 and offers exclusive tips for locum professionals to save up to $50,000 annually. Get organized early, file on time, and make this tax season your easiest yet!

00:00 Introduction: Tackling Tax Season

00:28 Welcome to the Locum CPA Podcast

01:10 The Importance of Organization

01:17 Creating Your Tax Folders

03:06 Understanding Your Tax Position

03:21 Reviewing Prior Year Tax Returns

03:50 Steps to Prepare for Tax Season

06:22 Choosing Your Filing Method

07:31 Important Filing Deadlines

08:27 Final Tips and Recap

09:11 Conclusion

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The Locum CPA is hosted by Stephen Lee, a Certified Public Accountant and Certified Private Wealth Advisor®. On this channel, you will find strategic business advice related to locum tenens professionals. Topics to be covered will include how to set up and operate your locum tenens practice to maximize tax deductions, tax savings, pay quarterly estimated taxes and bring overall peace of mind when operating a locums practice.

The information provided on this channel is for general information and entertainment purposes only. It is not intended to serve as legal, financial, or tax advice. You should not act or refrain from acting on the basis of any content included on this channel without seeking appropriate legal, tax, or other professional advice specific to your individual circumstances. The use or reliance on any information contained on this channel is solely at your own risk.