IRS Suggests Preparing Tax Papers Now

MoneySIOUX FALLS, S.D. – With the new year just under way, experts say a little time spent preparing for tax season in the next few days will pay off in the months ahead. Luis Garcia, spokesperson with the Internal Revenue Service, says now is the time to make sure you know where all your important tax documents are, so you’re not scrambling to find them when the deadline is looming.

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Garcia says this is the first tax season in which the Affordable Care Act figures heavily. That will include a little extra paperwork for many South Dakotans.

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Garcia adds, there is also a form to fill out for anyone who received an exemption to the health-insurance mandate for 2014.  More detailed information, forms, and publications are online at IRS.gov.