ANTenna Blog -- Business & E-Business

10 Last Minute Tax Filing Tips

Posted by Benjamin Tomkins Tuesday, Apr 7, 2009, 04:25 PM ET

If you've waited until the last minute to file your returns these tips may make the process easier for you and can help you out on your next quarterly payment as well.

Who knows the tricks and shortcuts of tax filing better than the IRS? Perhaps your accountant, but if you've waited until that last minute to file your return good luck finding an available accountant. Instead, turn to these tips straight from the Internal Revenue Service to smooth the process and minimize the chances of the red flags that lead to audits.

  1. E-File Your Return -- Consider filing electronically instead of using paper tax forms. Choosing to e-file is the best way to ensure your return is accurate and complete.
  2. Review Tax ID Numbers -- Remember to carefully check all identification numbers on your return. Incorrect or illegible Social Security Numbers can delay or reduce a tax refund.
  3. Double-Check Your Figures -- Whether you are filing electronically or by paper, review all the amounts you transferred over from your W-2 or 1099.
  4. Review Your Math -- Taxpayers filing paper returns should also double-check that they have correctly figured the refund or balance due and have used the right figure from the tax table.
  5. Sign And Date Your Return -- Both spouses must sign a joint return, even if only one had income. Anyone paid to prepare a return must also sign it.
  6. Choose Direct Deposit -- To get your refund quicker, select Direct Deposit and the IRS will deposit your refund directly into your bank account.
  7. How To Make A Payment -- People sending a payment should make the check out to "United States Treasury" and should enclose it with, but not attach it to the tax return or the Form 1040-V, Payment Voucher, if used. Write your name, address, SSN, telephone number, tax year and form number on the check or money order.
  8. File An Extension -- Taxpayers who will not be able to file a return by the April deadline should request an extension of time to file. Remember, the extension of time to file is not an extension of time to pay.
  9. Visit The IRS Web Site -- IRS.gov has forms, publications, and helpful information on a variety of tax subjects, which is available around the clock on the IRS.gov.
  10. Review Your Return….One More Time -- Before you seal the envelope or hit send, go over all the information on return again. Errors may delay the processing of your return, so it's best for you to make sure everything on your return is correct.

Don't Miss:


Business & E-Business
Company Size: 1-49 | Finance/Accounting | Tips




This is a public forum. CMP Media and its affiliates are not responsible for and do not control what is posted herein. CMP Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.

Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Media's Terms of Service.

Important Note: This comment area is NOT intended for commercial messages or solicitations of business.




Explore ANTenna Blog
Most Recent Posts
ANTenna Blog Topics
     
     
ANTenna Bloggers
ANTenna Blog Roll


 


Browse by Category

IW SMB Tech
Term Of Day:

Boost your tech
vocabulary!
InformationWeek SMB's
TechEncyclopedia
defines more than
20,000 IT terms.



FREE Technology Services Locator!

Search our database of 200,000 solution- provider locations by business activity, technology, vertical market, and customer size. Find a technology partner NOW.

go