You're almost ready to file your return. Is there something you should do before sending it to the IRS
Here are 5 tax advice to make sure your taxes are in good condition :?
Make sure your return is correct
The best thing you can do to make sure your tax return is correct is to sit down and actually read
Take notes of everything that does not seem right. - A deduction that you did not get, for example.
Make sure you have all the exemptions for children and other dependents that you should, and watch your back all the good social security numbers.
It is particularly important to carefully consider your return if something seems "off," but you are not sure.
For example, if you have a lot more taxes this year, and you do not know why, you can use the previous year comparison report to spot the difference - and perhaps solve the problem
Include the required documentation
You must attach certain documents to your return !. The most common document to attach your W-2 form.
Also attach other documents, such as brokerage statements, if they show the income tax withheld.
still Found a receipt? It is not too late
Go! -. Look in the receiving cell, and read your credit card statements again
Pay special attention to statements of the beginning and the end of the year may have transactions from two years. You deduct expenses in the year of the transaction , no matter when you pay your credit card bill.
If you're in the tax bracket of 25%, every $ 4 of additional deductions you usually stops at least one male.
do not hesitate to file an extension
you want to get your taxes over with. But you're still looking for that received charitable donation, or you try to get your spouse to discuss business phone bills.
If you file before you are really ready, you may miss deductions, or even have to file an amended return later. There is an easier way.
You can get four additional months to complete your return, no questions asked, by filing an extension. You can do this every year if you want (some people), and the IRS does not care.
Do not forget to actually file extension, however. It is probably the easiest IRS Form there, but if you fail, you can be hit with a penalty for failure to file.
What if I have to tax?
If you may need extra fee but you do not know how, filing an extension may be a bad idea.
The IRS levies a separate penalty on late payment of tax. You will need to do as much of your back as you can, and send payment with your extension.
Some people find that the time they determine the amount of tax to send with their extension, they might as well finish their return. It's a way to do it and on the way!
How long are you willing to spend to just find a reception to reduce your tax bill or get a bigger refund?
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