Friday, April 3, 2015

Tips for Making Tax Season Pain Free

Filing electronically can be an effective and headache-free means of getting your return to the government on time. But it’s not foolproof, as 200,000 customers found last year after a database problem the evening of the tax deadline caused their returns to be delayed.
How can you make sure your return isn’t affected by potential technical delays? The answer is simple: File early. If you submit your return with a few weeks to spare, you ensure that any technical glitches will be worked out well before the tax deadline. If you can’t finish your return on time, make sure you file Form 4868, which gives you a six-month extension on the deadline.
Another tip for avoiding delays is to avoid making the following top ten common returns errors:
1. Not signing and dating the return
2. Providing an incorrect or incomplete social security number
3. Calculating errors
4. Deduction errors
5. Reading tax tables incorrectly
6. Not itemizing
7. Sloppy tax return submission (be sure to attach all W-2s, as well as forms & schedules)
8. Not keeping records of your return
9. Failure to claim credits (energy credit, earned income credit) or calculating them incorrectly
10. Math errors (according to the IRS, a math error is any incorrect number on the return regardless of calculation


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