Forosophobia = the fear of taxes and the IRS
Feeling overwhelmed by the deluge of tax docs headed your way? Tired of searching endlessly for the one form you need to finish filing? When the tax season approaches, the fear is real. But good record-keeping can save you a lot of frustration now and in the future. And Dropbox makes it easy to organize and access all your important info.
Keep scrolling for three tips to help you prepare your files and financial information during tax season.
How to prepare your taxes with Dropbox
1. Go paperless
Keep all your receipts in a shoebox? There's a better way. Our free document scanner makes saving receipts and physical forms as simple as snapping a photo.
Just tap (+) Create in the Dropbox mobile app to transform paper docs into high-quality PDFs or PNGs. Then you can store and organize all your records together in a single tax folder on Dropbox. And you'll know exactly where to find your medical bills, W-2s, and 1099s right when you need them.
2. Make filing quick and painless
We've all been there: You finally finish your taxes but can't file until you find last year's AGI. It's a frustrating feeling and will certainly cost you time and unnecessary stress.
Create a folder for your taxes in Dropbox, your one-stop shop for all your receipts and tax forms. Everything is neatly organized and easily accessible. You'll always know where to find the documents you need to file, including previous years' returns.
You can even take pictures of receipts and convert them to PDFs. With the PDF editor, you can reorganize pages and leave comments for yourself or an accountant. Then, with Dropbox Sign, you can save travel time and postage by adding legally binding eSignatures.
3. Protect your financial information
Dropbox has multiple layers of security to safeguard your most sensitive files. But you can take a few extra steps to protect your personal data:
- Choose a strong password and enable two-factor authentication for your Dropbox account
- Lock down your laptop or mobile device with a login password or PIN
- Use full-disk encryption to protect your data if your device gets lost or stolen
- Ask your account or tax preparer how they secure their accounts and devices
How to send tax documents securely
Working with an accountant? Don't send sensitive financial files as attachments over email. Instead, you can securely share your entire tax folder with a few clicks.
For extra peace of mind, you can end-to-end encrypt folders and set specific access permissions, like making a folder view only. And depending on your plan, you can set a link expiration date or password protect any shared file or folder.
Manage business tax forms with Dropbox
When you run your own business, tax season brings a whole set of additional paperwork to file with the IRS. Dropbox lets you transform complex PDFs into mobile web forms without sacrificing security. And, if you need ready-to-go documents, FormSwift offers a complete suite of business and legal document templates, including 1099-NECs, W-2 forms, and W9s.
Reduce the unrelated and repetitive questions that normally accompany the collection of necessary data. Turn payroll, financial, tax documents, and more into a mobile-friendly, hassle-free, guided experience that anyone can understand.
With these tips in your tool belt, you’ll be well-equipped for one of the most important seasons in the financial calendar. Get ready to check “File Taxes” off your to-do list!
Tax season doesn’t need to be stressful
The best way to reduce tax-related stress? Have a clear, easy way to stay on top of it all, prepped for when the time comes to file each year.
With Dropbox you can keep important files organized and stored securely in the cloud, ready to collaborate on with your tax professionals. From safely storing receipts to sharing files with ease, Dropbox helps you save time and stay on top of your taxes, year after year.
Give yourself back time to focus on what matters most. Start simplifying your tax prep today with Dropbox.
