Global founders use doola’s Tax Package to manage their US business with ease. We take care of the complicated stuff so you save stress and avoid $25,000+ in penalties and fees.
Determine your correct filing status, which could be single, married filing jointly, married filing separately, head of household,
Review tax deductions and credits that you may be eligible for, such as mortgage interest, charitable contributions, and education-related deductions or credits.
Subtract any allowable deductions and credits from your total income to arrive at your taxable income.
Gather all the documents and papers that need to be filed in one place. This could be a physical file cabinet or a designated folder on your computer.
Sort the documents by category or topic. For example, if you are filing financial documents, you could sort them into categories such as receipts, invoices, and bank statements.
Avoid letting papers pile up and becoming overwhelming. Set aside regular time intervals, such as once a week or once a month, to file documents in their appropriate folders.
Regularly review and revise your filing system as needed. Remove any documents that are no longer relevant or necessary, and ensure that new documents are filed in the appropriate location.