TUPELO, Miss. (WTVA) -- Every year, people around the country get ready to go through a couple of stressful months at the begining of each year.
And that's tax season.
WTVA spoke with one Tupelo accountant who had some tips and knowledge about what you can do to prepare for this year's tax season.
"I guess the best tip is, to keep a record of anything that you think might be a tax deduction. In a shoebox or whatever, just put reciepts in that. If you go to lunch with a perpective client or even job expenses," said Wayne Myles.
Wayne Myles has been a CPA in Tupelo for 28 years, he also added to include extra expenses that could turn out to be tax deductible.
"One of the ones I do think people miss, is auto tags. You can deduct, if you itemize, your auto tags. Charitible contributions, or donations to any churches or charitable organizations. Then you have medical expenses, that's deductable, such as premiums," said Myles.
Myles said that even things like the mileage going to and from the pharmacy or job searching are deductable.
"And maybe you travel or maybe you require to maybe purchase certian items that you aren't reimberssed for, you can deduct those employee business expenses," added Myles.
When asked about the fiscal cliff's possible affects on this year's tax season, Myles had this to say.
"Whether or not we go off the cliff, it will really not impact 2012, it will impact 2013," added Myles.
Myles said that the best way to be ready for tax season is to be organized and partner up with a good CPA.
