And like any chore, it's occasionally worth it to bring in a professional to help.
"When this starts happening, I would recommend at least having a conversation with a tax professional," James says.
When you receive money outside of work, there are now more ways to save on your taxes and, unfortunately, more ways you can potentially mess things up.
Paying for expert help instead of doing your taxes on your own can help you minimize your current tax bill and avoid a costly audit down the road.
Here are two situations financial experts say should have you considering hiring some tax help.
Persons:
you've, Erica James, James
Locations:
St, Louis , Missouri