Way back in April, you were not entirely actually finished your tax return on income.
you filed an automatic six-month extension of time until October 15 to file your return
October is here -. and perhaps your tax return is exactly where you left it six months ago.
no problem.
with these tips you should have no problem to finish your return and deposit with confidence before the extended deadline.
Pick up where you left
Log in to TaxAct and take a look at the status of your tax return. Look at your income tax to date, taking note of the sections that are finished and partially finished, or need more work.
If you have paper or other notes outside TaxAct, look through them and refresh your memory of where you left
Look through your original tax documents and make sure that you entered while TaxAct
Place a check mark or other mark for each amount you enter - .. not only on each piece of paper.
For example, when you enter your mortgage information statement of interest, place a check in the amount of mortgage interest paid and the land tax, so you know you have entered each post .
Gather the minute information you need
As you look at your return, seek information that was missing when you stopped working on your return.
If you were waiting for a return Partnership Schedule K-1, for example, you should have received now.
it helps to make a list of missing information, and check the box that you find each.
Check all amounts labeled Estimated at your back
When you started your tax return on income, you probably did not have all your information.
rather than allowing key information from your return, you may have entered the best information you had at the time.
Not only does this give you a better idea of your tax debt on April 15, in case you need to make a tax payment with your extension request, but used estimates when you have prepared your return, it's easier to remember to finalize your amounts later.
In some cases, you may not be able to document the exact amount for your return.
Calculate the amount as close as possible, and save the documentation of how you arrived at the amount.
with few exceptions, you are allowed to enter estimates of your tax return. Now is the time to enter your final amounts and remove the estimated mark each.
Do not let the missing information prevent you from filing your return on time.
If you find the information later that differs from the amount that you entered, and that information changes the amount of tax you owe on your return, you may have to file a return changed.
Use TaxAct Alerts
TaxAct experts have designed alerts to find errors, omissions and missed tax breaks as possible before filing your return.
Click the Review tab to execute alerts.
remember all your tax payments
an item is too easy to miss when you pick work on your return again - amount of tax you paid when you file an extension.
Make sure you enter TaxAct so you do not pay more tax in your statement that you need.
do not wait until the last minute to file your return and pay any tax due
If you filed an extension on your taxes on individual income in 2013, your return is due on Wednesday, October 15, 2014.
not wait until the last minute, however.
time you allow you to prepare your return, less rushed, you will feel and the more you can be sure you are getting all the deductions and other breaks taxes to which you are entitled.
If you owe money to the IRS when you file your return, and you use the EFTPS system to pay, give yourself a little more time.
IRS recommends that you submit your EFTPS Tax Payment 8 pm Eastern Standard Time is at least one calendar day before the date of the tax.
What is the hardest part to finish your tax return on income?
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