Tax Preparation Tip #2: If you can't follow the advice in Tip #1, then use Tip #2: Don't make any complicated money.
- Complicated Money: money that comes from anything other than straight wages. This includes, but is not limited to, money earned through interest or dividends (see Ancillary Tip #2b), sales of stocks or bonds, or any other type of investment income.
Ancillary Tip #2b: Spend it all. Don't save any of it, and don't invest any of it. Just spend it all. Also, spend it in-state. (See "Use Tax, and How to Blatantly Ignore it")