Saturday, April 13, 2013

Last-Minute Filers: Avoiding Some Common Errors
 
                                          Here are some ways to avoid common mistakes.

File electronically. Filing electronically, whether through e-file or IRS Free File, vastly reduces tax return errors, as the tax software does the calculations, flags common errors and prompts taxpayers for missing information.

Mail a paper return to the right address.

Take a close look at the tax tables. When figuring tax using the tax tables, taxpayers should be sure to use the correct column for the filing status claimed.

Fill in all requested information clearly. When entering information on the tax return, including Social Security numbers, take the time to be sure it is correct and easy to read. Also, check only one filing status and the appropriate exemption boxes.

Review all figures. While software catches and prevents many errors on e-file returns, math errors remain common on paper returns.

Get the right routing and account numbers.

Sign and date the return.

Attach all required forms. Paper filers need to attach W-2s and other forms that reflect tax withholding, to the front of their returns.

Keep a copy of the return.

Request a Filing Extension. For taxpayers who cannot meet the April 15 deadline, requesting a filing extension is easy and will prevent late filing penalties.

But keep in mind that while an extension grants additional time to file, tax payments are still due April 15.

Owe tax? Get on a Payment Plan...Send What your can!!!

Per IRS.gov

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