Seven Tax-Return Filing Tips
October 16, 2008 – 10:44 amIf you're new here, you may want to learn what this site is about. Please subscribe to my RSS feed to get latest updates on this blog. Thanks for visiting!
Knowing the tax law is only half the battle. Your tax planning will pay off only if you know how to present the results to the IRS. Observing the correct mechanics for filing your tax return will speed up your refund, save you interest and penalties, and keep you out of the clutches of an IRS audit. Before you drop your return irretrievably in the mailbox, make sure to do the following:
1. Use the long form 1040 instead if the 1040A or 1040EZ to be certain you don’t overlook any tax-saving deductions or credits.
2. Double-check your math.
3. If you’re married, include your spouse’s Social Security number.
4. Check the “65 and over/blind” boxes if you are claiming the extra standard deduction for being elderly or blind.
5. Claim the earned income credit if you are eligible.
6. Attach explanations of any item you think might be questioned.
7. Report the Social Security number of any dependent you will claim
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One Response to “Seven Tax-Return Filing Tips”
Thank you very much for the post. Simple, yet so true. If I might add, have a porfessional do your taxes. They know more things than a software program.
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Debt Reduction (Who am I?) on Oct 16, 2008