Tips for this tax season

TAX returns, Bank loans, Personal finances and related things
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Abugida
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Tips for this tax season

Unread postby Abugida » 20 Jan 2010 23:43

Hi Everybody,
It is time to avoid stress while saving time and money on your income taxes return preparation and lets share what we know, and what we experience in our daily life . This is my quote for the day from unknown author:



“Often, we are too slow to recognize how much and in what ways we can assist each other through sharing such expertise and knowledge.”



Below are the 10 Tips from IRS for Tax season:



[font=Times New Roman]IRS Presents: Top Ten Tax Time Tips[/font]

[font=Times New Roman]IRS TAX TIP 2010-01[/font]
[font=Times New Roman]While the tax filing deadline is more than three months away, it always seems to be here before you know it. Here are the Internal Revenue Service’s top 10 tips that will help your tax filing process run smoother than ever this year.[/font]
[list=1]
[*][font=Times New Roman]Start gathering your records Round up any documents or forms you’ll need when filing your taxes: receipts, canceled checks and other documents that support an item of income or a deduction you’re taking on your return.[/font]
[*][color=black][font=Times New Roman]Be on the lookout W-2s and 1099s will be coming soon from your employer; you’ll need these to file your tax return.[/font]
[*][color=black][font=Times New Roman]Try e-file When you file electronically, the software will handle the math calculations for you. If you use direct deposit, you will get your refund in about half the time it takes when you file a paper return. E-file is now the way the majority of returns are filed. In fact, last year, 2 out of 3 taxpayers used e-file.[/font]
[*][color=black][font=Times New Roman]Check out Free File If your income is $57,000 or less you may be eligible for free tax preparation software and free electronic filing. The IRS partners with 20 tax software companies to create this free service. Free File is for the cost conscious taxpayer who wants reliable question-and-answer software to help them prepare a return. Visit IRS.gov to learn more.[/font]
[*][color=black][font=Times New Roman]Consider other filing options There are many different options for filing your tax return. You can prepare it yourself or go to a tax preparer. You may be eligible for free face-to-face help at an IRS office or volunteer site. Give yourself time to weigh all the different options and find the one that best suits your needs.[/font]
[*][color=black][font=Times New Roman]Consider Direct Deposit If you elect to have your refund directly deposited into your bank account, you’ll receive it faster than waiting for a paper check.[/font]
[*][color=black][font=Times New Roman]Visit IRS.gov again and again The official IRS Web site is a great place to find everything you’ll need to file your tax return: forms, tips, answers to frequently asked questions and updates on tax law changes.[/font]
[*][color=black][font=Times New Roman]Remember this number: 17 Check out Publication 17, Your Federal Income Tax on IRS.gov. It’s a comprehensive collection of information for taxpayers highlighting everything you’ll need to know when filing your return.[/font]
[*][color=black][font=Times New Roman]Review! Review! Review! Don’t rush. We all make mistakes when we rush. Mistakes will slow down the processing of your return. Be sure to double-check all the Social Security Numbers and math calculations on your return as these are the most common errors made by taxpayers.[/font]
[*][color=black][font=Times New Roman]Don’t panic! If you run into a problem, remember the IRS is here to help. Try IRS.gov or call our customer service number at 800-829-1040.[/font]
[font=Times New Roman]Source: http://www.irs.gov/newsroom/article/0,, ... 85,00.html[/font]
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For more helpful resources....visit www.abugidatax.com

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