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New Mexico CCI Chapter Presented by Tax Updates and Incentives Brunch & Learn May 1, 2013, CNM Workforce Training Center 5600 Eagle Rock NE 9:15 11:15 a.m. 2 CE Credits APPROVED! This two hour

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1. Start by gathering all the necessary documents such as income statements, receipts, and any other relevant financial information.
2. Determine the appropriate forms needed for filing taxes and ensure you have them on hand. You may need to consult with a tax professional or refer to the IRS website for guidance.
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4. Begin by filling out your personal information accurately, including your full name, social security number, address, and any other requested details.
5. Move on to reporting your income, including wages, interest, dividends, and any other sources of revenue. Make sure to include all relevant information and double-check for accuracy.
6. If applicable, claim any deductions or credits that you qualify for, such as education expenses, homeownership expenses, or healthcare costs. Keep documentation to support these deductions or credits.
7. Calculate your total tax liability or refund by following the instructions provided with the forms. Pay close attention to any special provisions or changes in tax law that may affect your filing.
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3. Individuals who have purchased or sold a home, as they may need to claim deductions or report capital gains from the sale.
4. Parents or students who may be eligible for education-related tax credits or deductions.
5. Individuals who have experienced significant life events, such as marriage, divorce, or the birth of a child, which may impact their tax filing status or eligibility for certain credits.
6. People who have received income from rental properties and need to report rental income and expenses accurately.
7. Those who have received income from investments, such as dividends or capital gains, which need to be reported correctly.
8. Individuals who have made charitable contributions and wish to claim the related deductions on their tax return.
9. Those who want to ensure they are up to date with any tax law changes or updates that may affect their filing status or tax liability.
10. Individuals who want to avoid penalties or audits by accurately and timely filing their taxes.

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