Respuesta :
Strategies which can be used to prepare for filing taxes each year are by keeping a proper record of expenses and receipts by filling them out, sorting out each piece of documentation that will be required at the time of filing tax, and one can create folders and sub-folders also.
The benefits of these strategies are:
It will help in avoiding added penalties or interests.
It will keep track of future refunds.
A portion or the entire refund can be used to pay back any owed taxes, among other things.
What is tax filing?
"Tax filing" or "tax return" means filing a document with a tax authority. In that document, reports about income, expenses, and information about other financial activities are filled in.
Filing a tax return is entirely dependent on income. There are certain guidelines within which one can file a tax.
Therefore, with the usage of strategies, one can prepare tax file each year.
Learn more about strategies that can use to prepare to file taxes each year from here:
https://brainly.com/question/13405581
#SPJ1
